List of 46 Shareholder Liquidity Investors in Scandinavia

Investor	PE Assets $mlns	Portfolio		M&A Activity Buy vs Sell, Last 5 Years
Investor	PE Assets $mlns	Total	Current	M&A Activity Buy vs Sell, Last 5 Years
Dansk Ejerkapital Copenhagen, Denmark Private Equity Firm • 1994 • website See all 5	905	35	27
Nordic Capital Stockholm, Sweden Private Equity Firm • 1989 • website See all 94	34,934	140	55
Altor Equity Partners Stockholm, Sweden Private Equity Firm • 2003 • website See all 46	9,353	93	48
Intera Partners Helsinki, Finland Private Equity Firm • 2007 • website See all 13	659	35	11
GRO Capital Copenhagen, Denmark Private Equity Firm • 2014 • website See all 5	451	19	16
Explore Equity Partners Oslo, Norway Private Equity Firm • 2016 • website See all 3	-	6	6
Alder Stockholm, Sweden Private Equity Firm • 2008 • website See all 10	130	19	11
Ratos Stockholm, Sweden Private Equity Firm • 1866 • website See all 6	-	31	18
Tesi Helsinki, Finland Sovereign Wealth Fund • 1995 • website See all 14	2,705	79	26
Viking Venture Trondheim, Norway Growth Capital Firm • 2001 • website See all 7	484	18	17
Kirk Kapital A/S Vejle, Denmark Family Office • 2007 • website See all 12	-	6	6
Priveq Stockholm, Sweden Private Equity Firm • 1983 • website See all 10	746	53	14
FSN Capital Stockholm, Sweden Private Equity Firm • 1999 • website See all 34	4,508	60	28
NEA Partners Stockholm, Sweden Private Equity Firm • 2017 • website See all 4	-	2	2
Spiltan Invest Stockholm, Sweden Private Equity Firm • 1986 • website See all 3	-	1	1
Formica Capital Gothenburg, Sweden Family Office • 2018 • website See all 5	-	13	13

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