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International -- The Stars of Europe -- Dealmakers
Carl Palmstierna (int'l edition)
Venture Capitalist -- Sweden
Two years ago, Carl Palmstierna gave up his job at Goldman, Sachs & Co. in London and moved back to his native Sweden to invest in technology startups. Smart move. Palmstierna, 46, has helped found about a dozen companies, including Altitun, a Swedish optical company that was sold to Minneapolis-based ADC Telecommunications for $960 million.
Palmstierna has provided a valuable link between Swedish entrepreneurs and global markets. "Sweden has an excellent technology base," he says. "But its venture-capital and private equity markets have not been very sophisticated." His $150 million private equity fund, Industrial Development & Capital, is helping to change that.