Summa Equity closes its first fund
Mannheimer Swartling has advised Summa Equity in connection with the structure, fund raising and establishment of its first fund, Summa Equity Fund I, which closed at its hard cap of SEK 4.5 billion, after being significantly oversubscribed.
Summa Equity was founded in 2016 and is a private equity firm focused on the Nordic lower mid-market segment. The fund is based on a Swedish AB-structure, where the investors will invest through either principal-linked participating debentures or preference shares and the fund manager is regulated as an AIFM (Alternative Investment Fund Manager) by the Swedish Financial Supervisory Authority.
Summa Equity was advised by Mannheimer Swartling in the transaction.