Reiten started investing in 1996 with capital from local institutional investors and family offices. Over the years Reiten have managed seven funds, of which currently three are active.
|Reiten & Co Capital Partners VII LP||2007||EUR 256 m|
|Reiten & Co Capital Partners VI LP||2004||EUR 125 m|
|Nordic Capital Partners II||1998||NOK 200 m|
Investing in tomorrow’s winners since 1996
Reiten & Co was established in 1992 as a financial advisory M&A boutique. Without the help of cornerstone investors the company developed into a private equity firm after the first few years when it, amongst other projects, raised venture capital for Norman Data Defence Systems and represented the investors on the board of directors. The investment generated a high multiple on capital invested and the satisfied investors followed on with new capital in the first real private equity structure managed by Reiten & Co in 1996. The first six investments (1996-2001) were negotiated subject-to-financing and then the funds were raised from local investors in Special Purpose Vehicles (SPVs). Based on a strong track record the first blind-pool vehicle was raised at the end of 2002, later to be followed by international fund structures in 2004 and 2007.
Tomorrow’s winners have grown sales 3.5x
Reiten’s approach to creating value is to help ambitious entrepreneurs grow their sales, either locally, regionally or even globally. Reiten have invested in 24 platform portfolio companies since 1996 and helped them grow organically and through more than 90 add-on investments. So far, 16 of the 24 portfolio companies have been realized and they all have strong sales growth in common. On average, the exited companies have grown 3.5x in size by the time they leave Reiten’s ownership. Making local companies grow into Nordic or global companies is the main theme.
Local and international investors in Reiten’s funds
In total, Reiten have managed seven funds, three of which are currently under management with a total committed capital of NOK 3.5 bn. The investor base has developed over time from consisting of mainly local family offices and institutional funds to include a majority of international investors in the latest fund, ranging from family offices to global fund-of-funds, and institutions such as pension plans, banks and insurance companies. The geographic spread has gradually changed over time from 100% local (1996-2002), to 70% in 2005 and finally to 30% in the last fund. The geographic spread is currently Norway 30%, Europe 43%, USA 23% and Asia 4%.
Regulated by the Guernsey Financial Services Commission
Our international funds are Guernsey based with UK limited partnerships, regulated by the Guernsey Financial Services Commission. The general partners of these funds are wholly owned subsidiaries of Reiten & Co AS, who act as the exclusive investment advisor to the general partners. As a full member of Invest Europe and the Norwegian private equity association, NVCA, Reiten & Co adheres to the association’s recommendations related to openness and transparency.