About This Fund
Adelis Equity Partners Fund II is a Nordic private equity buyout fund managed by Adelis Equity Partners, a Stockholm-headquartered buyout firm focused on middle-market companies in Sweden, Norway, Denmark, and Finland. The fund closed in June 2017 with EUR 600 million in capital commitments, representing a significant step-up from the firm's debut fund and confirming Adelis's position as one of the leading private equity managers in the Scandinavian region at the time.
Adelis targets control investments in profitable, well-positioned companies with enterprise values between EUR 100 million and EUR 500 million, primarily in the business services, healthcare, and industrials sectors. The firm brings operational expertise through its Value Creation Teams, which work alongside portfolio company management to drive revenue growth, international expansion, and operational efficiency improvements. Fund II invested in numerous Nordic champions across its investment period, generating strong returns that supported the firm's subsequent fundraising efforts and demonstrated Adelis's differentiated approach to Nordic private equity.
Adelis Equity Partners was founded in 2012 by a team of experienced Nordic private equity professionals. The combination of focused Nordic geography, sector expertise, and close partnership with management teams has been the hallmark of the firm's approach. Adelis Equity Partners Fund II was succeeded by Fund III, which closed in October 2021 with EUR 932 million in total commitments. The firm has since launched a continuation vehicle and Fund IV, with each successive vintage demonstrating sustained growth in both fund size and institutional investor support across the Nordic buyout landscape.