Mannheimer Swartling has acted as legal counsel in Sweden for P Capital Partners (PCP) in connection with the structure, fundraising and establishment of PCP’s Transition Partner Fund which closed at approx. EUR 700 million.
PCP was founded in 2002 within Proventus AB, raised its first institutional fund in 2009 and became an independent management-owned company in 2013. The team at PCP has been led by Daniel Sachs since the start in 2002 and their PCP’s strategy rests on Proventus AB’s 50-year history of investing in companies in change, and building relationships and partnerships with management teams and owners of European companies.
The PCP’s Transition Partner Fund continues to build on the debt investment strategy successfully executed by Proventus PCP since 2002, focusing on financing to companies in Northern Europe in need of capital and especially on funding sustainability transition in industries such as renewable energy, recycling and sustainable food. The fund is backed by a strong investor base of top-tier pension funds, insurance companies, foundations and family offices.