Summa Equity Fund III enters into a revolving subscription facilities agreement
The entities compromising Summa Equity Fund III have entered into a revolving subscription facilities agreement with a syndicate consisting of Nordic and international banks, which will be used towards, amongst other things, financing investment activities.
Summa Equity was founded in 2016 and is a private equity firm with the mission of investing to solve global challenges in line with the United Nations’ Sustainable Development Goals. Summa Equity Fund III represents a scale-up, with an extended investment mandate to invest across a more expansive geographical remit and to also invest in primary capital in growth companies. The fund is backed by a strong investor base of top-tier pension funds, insurance companies, foundations and endowments, financial investors and family offices with global representation including Canada, the United States, the Nordics, the United Kingdom, DACH, France, Benelux, Singapore, Japan and Australia. The fund is, as its predecessor funds, based on a Swedish AB-structure.
Summa Equity was advised by Mannheimer Swartling in the transaction.