FSN Capital: Office opening in Munich with two new partners
Oslo / Stockholm / Copenhagen / Munich — Scandinavian private equity house FSN Capital Partners has opened an office in Munich. With Robin Mürer (photo on the right) and Justin Kent (photo on the left), two experienced investment specialists could be won as new partners for the activities in the DACH region.
FSN Capital Partners (“FSN Capital”) was founded in 1999 and is one of the leading Scandinavian equity investors focusing on medium-sized companies. The FSN Capital funds advised by FSN manage more than two billion euros. With a 43-strong team and offices in Oslo, Stockholm, Copenhagen and now Munich, FSN Capital prefers to invest in growth-oriented, mid-sized companies in the industrial, digital, services and consumer goods sectors. FSN Capital supports management teams pursuing an organic and acquisition-driven growth strategy.
Long-term commitment in the DACH region
The new office with two German partners in Munich underlines FSN Capital’s ambition to establish a permanent presence in the German-speaking region. With Robin Mürer and Justin Kent, FSN Capital now counts ten partners. They bring extensive international experience and together have more than twenty years of investment practice in the DACH region: Over the past ten years at Apax Partners, based in Munich and London, Mürer mainly managed investments in the digital, consumer goods and healthcare sectors. Kent has spent the last twelve years of his career working primarily on investments in small and mid-cap companies throughout Europe — first at The Riverside Company and most recently at Capvis Equity Partners, where he focused on the German-speaking region.
“Opening an office in Germany is an important milestone for FSN Capital and at the same time a logical step in the development of our company. The industrial link between the Nordic countries and Germany is traditionally strong; in the DACH region there are many very successful SMEs facing challenges such as succession, globalization and digitalization,” explains Frode Strand-Nielsen, Founder and Managing Partner of FSN Capital. “The start of Robin Mürer and Justin Kent is a key pillar of our continued development and we are pleased to welcome both to our team for the tasks ahead.”
Patrice Jabet, Partner in Munich, adds: “Robin Mürer and Justin Kent have extensive experience and a broad network in the DACH region. Equally important, they share FSN Capital’s values and company ethos.” With the new hires, the Munich team grows to five people; in the medium term, it is expected to grow to ten investment experts.
Special value orientation, excellent track record
FSN Capital sees itself as a responsible, value-driven investor and follows the principle “we are decent people making a decent return in a decent way”. Together with founders, owner families and management teams, FSN Capital works to further develop the business of its portfolio companies — in a responsible and sustainable way and through an active investment approach. In this way, FSN funds have been able to achieve average returns with a multiple (ROI) of 3.0x and an internal rate of return (IRR) of 27%; making FSN Capital one of the best performing advised investment funds across Europe. FSN Capital’s and the FSN Funds’ commitment to strict environmental, social and governance (ESG) principles was recently recognized with the 2017 Private Equity Corporate Citizenship Award.
About FSN Capital
FSN Capital Partners is an investment firm exclusively advising the FSN Capital Funds with capital commitments of €2.2 billion. To support their further development, these funds invest mainly in growth-oriented, Northern European companies with a valuation of between €50 million and €300 million. FSN Capital was founded in 1999; the 43-member team works from Oslo, Copenhagen, Stockholm and Munich, and eleven executive advisors contribute extensive industrial experience. The FSN funds currently invest from the fund “FSN Capital V” with a volume of one billion euros.
Since inception, FSN funds have invested more than one billion euros in 32 platform companies and more than 70 add-on acquisitions. As a result, returns were achieved with a multiple (ROI) of 3.0x and an internal rate of return (IRR) of 27%; making FSN Capital one of the best performing advised investment funds across Europe. The recent share sales of Instalco (Sweden) and Lagkagehuset (Denmark) exemplify excellent returns through creative, entrepreneurial growth strategies; the investments in Netcompany (Denmark) and Bygghemma (Sweden) demonstrate the successful partnership with strong management teams in accelerating growth in dynamic markets. The purchase of Austrian Fasching Safety Belts GmbH by FSN Capital V portfolio company Holmbergs Safety System is the latest transaction.
For more information, visit www.fsncapital.com.