Finnish PE/VC News
Armada has raised a €103 million alternative debt fund focusing on direct- lending to small and medium-sized corporates in the Nordic region
Armada is pleased to announce the final close of its new fund at €103 million, thereby exceeding the targeted fund size.
Strong support from the existing investors with some first class new investors
Armada experienced strong support from its existing investors who contributed the majority of the final amount, along with a number of new investors. Investors include public and corporate pension funds, public institutions, fund of funds, insurance companies and family offices from the Nordic region and continental Europe.
Continuation of proven investment strategy
The new fund will continue the successful investment strategy of the previous fund and invest in all Nordic countries, including senior and subordinated financing for private equity led transactions and growth financing involving small and medium-sized companies with attractive growth prospects, strong cash flow generation and proven business models. Armada seeks to act as a strategic partner to the companies it invests in, and has the ability to provide tailor-made financing solutions as an alternative to traditional sources of financing.
The fund has already invested approximately one third of its total commitments in three companies; in
Finland, Sweden and Norway.
Pertti Nurmio, Managing Partner
Armada Mezzanine Capital Ltd
T: + 358 50 5502324
Further information on Armada and Armada Mezzanine Fund IV Ky is available at:
Armada Mezzanine Capital Oy is the leading independent local provider of financing for small and medium- sized companies and buyouts in the Nordic countries. Armada focuses on transactions with enterprise value of up to €150 million. Armada manages three funds with a combined capital base of over €250 million and has offices in Helsinki and Stockholm.
Armada’s preceding fund, Armada Mezzanine Fund III, amounts to €103 million and has made ten mezzanine and other private debt investments across all four Nordic countries.