Press Release

201

Closed: Private Equity Fund

STOCKHOLM (JANUARY 20, 2017). MIMIR today announced the final closing of its first Private Equity fund. The Fund was oversubscribed and the fund raise was executed in record time. Investors in the fund include NAXS AB (publ) which is listed on the Stockholm Stock Exchange (Bloomberg, NAXS:SS), other European institutions and large corp.

Erik Bork, Jeff Bork, Joakim Notö and Henry Selenius, the Managing Partners of MIMIR, said "For a long time there has been a clear demand and gap in Europe for a mid-market focused special situations investor with an operations focus. We are proud and grateful for the interest and support received from prestigious investors across Europe". The team continues "We believe the interest in our firm is driven by our focus on making hands-on change from within the companies we own - a highly unusual strategy in European private equity". MIMIR will be controlled by the Managing Partners, leading an experienced wider team of professionals, all with the shared vision of contributing to an improved world around us. MIMIR will focus on acquiring and developing companies with Sales between EUR 30 million and EUR 2 billion. MIMIR has already started its work, currently engaging in due diligence of a range of companies across the Nordics, continental Europe and North America.

About MIMIR:

Founded in 2016, MIMIR is a global special situations investment firm acquiring non-core business units of larger corporations as well as private companies that need operationally oriented ownership. The partners of MIMIR combine senior operating backgrounds from leading positions in manufacturing, technology software and hardware, medical technology, biochemistry, and services, with extensive experience from executing complex multijurisdictional M&A transactions. All employees of MIMIR work toward the firm’s Vision of making the world a better place. MIMIR’s purpose is helping its companies become the best they can be across all dimensions that are included in being a responsible and sustainable enterprise. Additional information about MIMIR is available at: www.mimirinvest.com

For Media contacts:

Joakim Notö, Managing Partner +46 (0) 739 86 36 37 joakim.noto@mimirinvest.com