The Nordic countries as well as the Benelux consider TPG a significant market for private equity. The climate is very business friendly and open, relates a source in TPG’s top management in Europe to Børsen Business Daily.

Just two months ago, TPG appointed the Norwegian Dag Skaptun so that the large capital fund will have a partner responsible for the North European region alone.

“In this connection it is obvious that we will look further into the opportunities in Scandinavia and consequently also Denmark,” says the source to Børsen.

Together with the rest of the Nordic countries, Denmark was one of the first markets that the capital funds became aware of when the funds started to move again after 2000.

With TPG’s announced interest in the Danish market, company transactions may seriously start again in 2008. Only a few weeks ago, Swedish Industri Kapital – one of the largest in the Nordic countries – announced that they are ready with EUR 1.8 billion in a new fund. Industri Kapital even mentioned to Børsen that at least two Danish acquisitions may be expected with capital from their latest fund.