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Company type | Private |
---|---|
Industry | Private Equity |
Founded | 1989 |
Products | Private equity funds, Buyouts |
AUM | $50 billion (2025) |
Website | nordiccapital |
Nordic Capital is a global private equity firm focused on leveraged buyouts of established companies in Northern Europe and North America.
Founded in 1989, the firm manages about $50 billion of capital, with offices in New York, London, Stockholm, Frankfurt, Copenhagen, Helsinki, and Oslo.
Nordic Capital targets buyouts of large-cap and upper mid-market companies across 4 core industries: Technology & Payments, Healthcare, Financial Services, and Services & Industrial Technology. [1]
In 2023, Nordic Capital was one of the 25 largest private equity firms worldwide according to Private Equity International's PEI 300 ranking, with over $30 billion of capital raised within a 5-year period. [2]
In October 2022, Nordic Capital announced the successful closing of its 11th large-cap buyout fund at its hard cap of EUR 9 billion (USD $11 billion), exceeding its €8 billion target. The fund was more than 45% larger than its predecessor large-cap fund (Nordic Capital Fund X), which raised €6.1 billion in 2020. [3] The fund closed in nine months amidst some of the most challenging fundraising conditions in private equity history, and was the largest Europe-based private equity fund raised that year. [4]
As of December 2024, Nordic Capital portfolio companies have generated an annual average EBITDA growth of 17% and saw their organic EBITDA grew by 19% since the firm's inception in 1989. [5]
In February 2025, Nordic Capital won two awards at the Private Equity Wire Europe Awards 2025. [6]
In July 2025, Nordic Capital, acquired Arcadia, a US-based healthcare software company. [7]
In April 2025, Nordic Capital was reportedly exploring a carve-out acquisition of the IP unit of US-based analytics company Clarivate that would value the unit at north of $4 billion. [8]
In March 2025, Nordic Capital completed the $7 billion take-private of UK-based Hargreaves Lansdown (LON: HL) alongside CVC Capital Partners and ADIA. [9]
In February 2025, Nordic Capital acquired US-based IP management software company Anaqua for approximately $3 billion. [10]
In November 2024, Nordic Capital acquired a controlling stake in Max Matthiessen for over $1 billion. [11]
In October 2024, Nordic Capital was reportedly exploring a potential sale or IPO of fintech company Trustly that could value the portfolio company at over $10 billion. [12] Nordic Capital acquired Trustly in 2018 at a $800 million valuation. [13] In 2024, it was reported that Trustly is on track towards processing $100 billion in Total Payments Value for the year, representing a 33% year-over-year growth. [14]
In August 2024, Hargreaves Lansdown (LON: HL) agreed to be taken private for $7 billion by Nordic Capital and CVC Capital Partners. [15] In the same month, Nordic Capital was said to be exploring a potential IPO of financial services company NOBA that could value the company at over $4 billion. [16]
In July 2024, Nordic Capital acquired a majority stake in Sensio, a leading medical technology provider. [17]
In June 2024, it was reported that Clario, a US-based healthcare software company owned by Nordic Capital, confidentially filed for an IPO, targeting a valuation of more than $10 billion. [18]
In April 2024, Nordic Capital invested in One Inc, a US-based digital payments platform. [19]
In February 2024, Nordic Capital acquired US-based financial software company ActiveViam. [20]
In January 2024, Nordic Capital acquired Surgical Information Systems, a US-based healthcare software company. [21]
In December 2023, Nordic Capital acquired IntegriChain, a US-based healthcare technology company. [22]
In July 2023, Nordic Capital sold software company Macrobond to Francisco Partners, yielding over 6x multiple of invested capital after first backing Macrobond in 2018. [23] During Nordic Capital's ownership, Macrobond saw its annual contract value (ACV) more than triple, resulting in a year-on-year growth of 34%. In March 2024, Nordic Capital was honored with the Exit of the Year Award at the Private Equity International Awards for the sale of Macrobond. [24]
In January 2023, Nordic Capital completed the sale of The Binding Site to Thermo Fisher Scientific for $2.8 billion. [25] This exit represented a 19x net multiple of invested capital for Nordic Capital. [26]
In October 2022, Nordic Capital invested in medical device company Equashield through a deal valued at over $1.3 billion. [27]
In November 2021, Nordic Capital completed the take-private of US-based healthcare software company Inovalon (NASDAQ: INOV) for $7.3 billion. [28] In accordance with the terms of the agreement, Inovalon stockholders received $41.00 in cash for each share of Inovalon Class A Common Stock and Class B Common Stock. [29]
The following investment funds are listed at Nordic Capital's website: [30]
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