Nordic Mezzanine boosts team

The mezzanine manager has appointed Kenneth Johansson (pictured) to be responsible for transactions in the Nordic countries.

Finnish fund manager Nordic Mezzanine has appointed Kenneth Johansson as associate director at its Helsinki headquarters.

Johansson will be responsible for the company’s marketing activities and transactions in Sweden, Denmark, Norway and Finland.

The firm manages two mezzanine funds with a total of €480 million of capital. Investors include Nordic and Continental European institutional investors, mainly pension funds and family offices.

The firm made two investments over the summer, according to its website. In August, Nordic arranged and underwrote a mezzanine loan for Advania, a leading Nordic Information Technology company operating throughout the region and with its headquarters in Iceland. The loan supported the acquisition of a majority stake in the business.

In July, Nordic also arranged and underwrote a mezzanine loan for Lomax, a leading business to business retailer active in the Danish market since 1962. Lomax offers a product mix of more than 20,000 items within three product categories: office supplies, furniture and warehouse and technology.

Nordic is also an equity investor in both companies, alongside their respective management and individual investors.

The main geographical focus of the company’s funds is the Nordic region, German speaking countries and the Benelux region. Nordic targets mid-market transactions with an enterprise value of between €50 million and €500 million and the typical investment in a single transaction ranges between €10 million and €40 million.

The firm also has an office in London.