Mutares AG launched its fourth investment office, a unit in the U.K. called Mutares UK.

The Munich private equity firm said the new unit will focus on add-on acquisitions in the U.K. and Nordic markets and sourcing and executing new platform investments, targeting medium-sized companies with operational development potential through corporate carve-outs and other special situations.

The new office will be headed by Kari Nerg, head of Mutares UK, and Philip Szlang, head of international M&A. The U.K. move follows previous entries into France and Italy.