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Article: Swedish Kinnevik sets up West African private equity fund.
- Article from:
- Nordic Business Report
- Article date:
- August 25, 2009
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NORDIC BUSINESS REPORT-25 August 2009-Swedish Kinnevik sets up West African private equity fund(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com
25 August 2009 - Swedish company Investment AB Kinnevik (STO: KINV B) said Tuesday it has committed to invest a total USD15m in a new West African private equity fund, to be set up together with a Nigerian partner.
Kinnevik will hold 30% in the fund's manager ARM Capital Partners and its partner, Asset & Resource Management Company Ltd (ARM), will control the remainder.
The fund is due to be launched this autumn and the partners have committed to invest USD15m each.
In addition, the fund is ...