PRINT THIS PAGE Norwegian Ferd Equity Partners holds first closing on E151m25/08/2004. Source: AltAssets. 
 Norwegian Ferd Equity Partners, the private equity arm of Norwegian industrial group Ferd AS, has reached a first close on its debut fund at NOK1.25bn. The fund is targeting a maximum of NOK1.5bn.
Ferd AS provided a cornerstone investment for the fund. Other investors include Orkla, an industrial conglomerate, and Storebrand Livsforsikring, the life insurance business of financial services group Storebrand.
Ferd will make investments of between NOK100m and NOK400m in Norwegian and Nordic companies. The fund has already made two investments with the acquisition of Collett Pharma and Norsk Hydro in January this year.
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