News & Analysis

Coller and Strategic Partners pick up Norwegian fund stakes

The two Reiten funds have several active assets, including a business analytics company and a concrete fabrication business.

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Coller Capital and Blackstone’s Strategic Partners have acquired stakes from a pair of Norwegian buyout funds.

The Blackstone unit used its Strategic Partners VII to buy an entire stake in Reiten Capital Partners VII, according to a UK public filing dated 16 February. Reiten VII is a €238.9 million, 2007-vintage buyout fund, according to PEI data.

The fund has several remaining assets, according to Reiten’s website, including business analytics firm QuestBack, machinery provider Brubakken and concrete fabrication specialist Con-Form, all Norway-headquartered companies.

Strategic Partners acquired the stake from Horsley Bridge International IV, a 2006-vintage, €1 billion fund of funds focused on growth investments.
Coller used its Coller Partners 716 vehicle to acquire a stake in Reiten Capital Partners VI, the firm’s €125 million, the 2004-vintage predecessor fund. That fund has one remaining asset, according to Reiten’s website: temporary building construction firm Malthus Uniteam, in which it holds a 43 percent stake.

The stake was acquired from NB SOF II Holdings (B), a vehicle linked to Neuberger Berman’s second dedicated secondaries fund, a 2008-vintage, $1.7 billion vehicle.

In September Access Capital Partners, a Europe-focused private equity firm, sold a partial stake in Fund VII to Norwegian firm Cubera Private Equity, part of a long series of divestments made by the French firm.

Strategic Partners and Coller Capital declined to comment. Reiten, Horsley Bridge and Neuberger Berman did not return requests for comment by press time.