Bain Capital is investing €150m in Swedish light industrial property company Företagsparken to enable it to acquire new assets and expand its existing portfolio.
As part of the transaction, Bain said it has acquired a 15.9% stake in Företagsparken, which owns and manages a portfolio of over 200 properties in urban locations across Sweden.
Ali Haroon, partner at Bain Capital and head of special situations and real estate in Europe, said: “Our partnership with Företagsparken is an example of Bain Capital’s contribution to the growth of the European real estate landscape. In this instance, we are providing growth capital to Företagsparken to scale its operations and seize new opportunities in the market.
“While the senior management team has successfully grown the company’s assets in the last years, our investment is a testament to our confidence in both the team and the promising dynamics of the Swedish industrial real estate market.”
Rafael Coste Campos, partner at Bain Capital, said: “Our collaboration with Företagsparken will focus on developing a leading light industrial and logistics player in Sweden. Demand for light industrial real estate in Sweden has been resilient, resulting in low vacancy rates and strong rental growth, trends we expect to continue in the following years.
“We believe this is the right platform and a strong management team to back. While the buildings in Företagsparken’s portfolio already meet stringent energy-efficiency requirements, our investment will also focus on enhancing these initiatives.”
Leif Östling, adviser and shareholder of Företagsparken, said: “This is a positive development for Företagsparken. Bain Capital will provide excellent support in expanding the company in Sweden. There will be great business opportunities in supporting small and medium-sized industrial companies with real estate for their operations.”
Angeelica Holm, CEO of Företagsparken, said: “We have experienced strong organic growth within our existing portfolio and are now aiming to become a leader within the light industrial segment.
“With the right expertise and resources, we are well-positioned for success. Together with Bain Capital, we look forward to accelerating our growth journey through M&A opportunities and new acquisitions.”
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