Agenda

Private Equity in the Nordics: Shaping the future of investment in a dynamic market

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Registration and coffee
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Welcome remarks
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Keynote – Economic outlook in the four Nordic countries in 2025, and how this compares to the rest of Europe

Johan Javeus, Chief Strategist, SEB Research

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Opening panel – Opportunities ahead: How investors can capitalise on the Nordic private equity landscape
  • The impact of geopolitical tensions – including trade wars, FDI rules and tariffs – on private equity investments
  • PE activity in the Nordics: is the market on a good track to rebound?
  • How the region's resilience supports PE-backed deals despite global uncertainties
  • Examining the abundance of capital; why is there so much liquidity in the Nordic PE market – and such an abundance of PE firms – versus 5-10 years ago?
  • Insights on how investors can effectively enter and navigate the Nordic market Mid-2024 versus 2025; how has private equity evolved during the past year?

Speakers
Sofie Kulp-Tåg, Senior Investment Manager, Skandia
Björn Larsson, Partner, Axcel
Costin Mihailescu, Managing Partner, Baker McKenzie
Johan Nord, Partner, Cubera

Speaker
Partner
Axcel
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Panel – The battle for capital: How increasing competition is shaping Nordic fundraising
  • Updates on fundraising trends, including thriving single-asset versus multi-asset funds
  • Challenges with renewing funds and the pressure to sell portfolio companies; why is there an increase in continuation vehicles for Nordic midmarket assets?
  • Increasing sophistication among LPs; demanding profitable growth, predictable exits and capital returns
  • The requirement of proactive due diligence for successful fundraising in a competitive environment
  • When do Nordic LPs invest in Nordic-only funds?

Speakers
Henrik Nordlander, Head of Private Equity, AP3

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Networking coffee
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Fireside chat – Variations in private equity markets across the Nordic regions
  • Entrepreneurial mindset; why the Nordic countries foster innovation and entrepreneurship
  • Differences in sector exposure, company size and investment structures across Nordic countries. What impact does industrial history have in each country? Comparing sectors like forestry, mining, marine and farming
  • The importance of local expertise when investing from outside the region, in order to drive successful investments
  • How varying financial markets impact private equity strategies. Are the Nordic markets better structured to allow for IPOs and high-yield bonds?
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Panel – Regional focus and sectors dynamics
  • How do investment strategies differ across Finland, Sweden, Denmark and Norway?
  • What factors contribute to Finland's strong focus on software, healthcare and future technologies?
  • How do Norway's energy and resource sectors influence private equity investments compared to other Nordic countries?
  • Why does Sweden lead in investor activity abroad, and how does this impact the Nordic region as a whole?
  • Why is Denmark emphasising the medical and logistics sectors, and how does this shape its private equity market?
  • What lessons can be learned from Sweden’s advanced private equity strategies to improve performance in other Nordic markets?

Speakers
Juhana Kallio, Managing Partner, Intera Partners

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Networking lunch
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Panel – What is the future of sustainable investing?
  • Why are services related to the green transition underperforming, despite growing interest?
  • LPs’ growing demand for stable, profitable growth with no surprises in portfolio performance
  • The physical risks of climate change that are impacting portfolio companies across all sectors
  • Shifting focus from group thinking and ‘FOMO’ to understanding the ‘why’ behind ESG initiatives. 

Speakers 
Emelie Norling, Impact Director, Summa Equity

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Fireside chat – Evolving regulatory landscape in the EU
  • How regulatory changes are driving transparency and investor confidence
  • Balancing perfect reporting versus practical compliance: What do funds need to prioritise?
  • The potential for fewer regulations to boost private equity investments
  • How regulatory shifts may influence investor behaviour in the Nordic region.
  • How EU regulations compare to those in the U.S., China, and the UK, and their implications for Nordic PE firms operating internationally.

Speakers 
Gavin Bushel, Partner, Baker McKenzie

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Panel: How many funds is too many? Determining the optimal strategy for co-investments in Nordic PE
  • Increasing interest from LPs to co-invest alongside funds, driven by transparency, control, and potential for higher returns.
  • Structuring co-investment vehicles: understanding allocation of opportunities, fee structures, and management responsibilities. Do LPs lose some diversification?
  • Determining the optimal number of funds to invest in (1, 2, or more) and how to execute co-investments effectively. How much DD work is enough for a co-investment?
  • Pressure on returns: ensuring co-investments deliver value while managing expectations from LPs.
  • How co-investments are shaping the Nordic private equity landscape as an alternative to traditional fund models/ consortium deals.
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Panel: How Nordic PE funds are adapting to LP demands for faster returns
  • Increased pressure from LPs on GPs to execute exits and return capital efficiently
  • Exits remain difficult, leading to longer holding periods for portfolio companies
  • LPs prioritising DPI metrics as a key indicator of fund performance
  • The importance of aligning exit strategies with evolving market conditions, investor expectations and fundraising. 

Speakers
Daniel Rygg, Managing Partner, Turnstone
Johan Conradsson, Partner, Procuritas

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Closing remarks and networking drinks