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Advent strengthens Nordic team with appointment of two new Independent Regional Advisors

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London, 10 April 2012 – Advent International, the global private equity firm, today announced the appointment of two new Independent Regional Advisors in Norway, Birger Nergaard and Gunnar Rydning. Birger and Gunnar join Simon Lindfors, who has been an Independent Regional Advisor to Advent in Sweden since 2010, and will work closely with Jens Petter Hagen, who coordinates Advent’s activity in the Nordic region.

Birger Nergaard established Verdane Capital, formerly Four Seasons Venture, in 1985, and was joined by Gunnar Rydning in 1986. Together, they built Verdane Capital into one of the largest venture capital companies in the Nordic Region.  Both Birger and Gunnar have over 25 years experience of investing in Nordic technology companies and in taking an active role on the boards of the companies they help position for long term growth.

In addition to this, Birger Nergaard co-established the Norwegian Venture Capital Association in 1987, serving as its Chairman and Board member for several years. In 2007, he was awarded the H.M. King Harald V gold medal for Achievement for pioneering the Norwegian venture capital industry.

“We have known and have collaborated with Birger and Gunnar over many years and are delighted that they are joining our team in the Nordic region,” said Jens Petter Hagen. “It is clear that there are many great investment prospects in the Nordics and their experience and broad local networks across all business sectors will be invaluable in sourcing opportunities. We look forward to working with them and becoming a key player in an exciting market.”

In addition to the appointments of Birger Nergaard and Gunnar Rydning, Advent has also recruited two new associates from the Nordic region, who will start working at the firm’s London office in the summer.

Advent made its first investment in Scandinavia 20 years ago. Investment experience in the region includes the acquisition and subsequent IPO of Scandinavian Broadcasting Systems (SBS), a leading pan-European TV and radio broadcaster; the transformational add-on acquisition of Dan Net to Advent’s telecoms outsourcing services company MACH in 2004; and most recently, the acquisition of Mondo Minerals in 2011, the number two producer of talc globally which has a talc ore reserve and processing facilities in Finland.

Contacts


Jens Hagen

Director- Nordic Region, UK

T: +44 (0)20 7333 0800
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