Nordic Capital

Last updated
Nordic Capital
Company type Private
Industry Private Equity
Founded1989;35 years ago (1989)
Products Private equity funds, Buyouts
AUM $35 billion (2024)
Website nordiccapital.com

Nordic Capital is a leading global private equity firm focused on leveraged buyouts of established companies in Northern Europe and North America.

Contents

Founded in 1989, the firm manages $35 billion of capital, with offices in New York, London, Stockholm, Frankfurt, Copenhagen, Helsinki, and Oslo.

Nordic Capital targets investments in large and medium-size companies across 4 core industries: Technology & Payments, Healthcare, Financial Services, and Services & Industrial Technology. [1]

Nordic Capital is 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]

Since inception, Nordic Capital's portfolio companies have an average annual EBITDA growth rate of 12% under the firm's ownership. Nordic Capital has made 93 exits as of 2024. [3]

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 $10 billion), exceeding its €8 billion target. The fund is over 45% larger than its predecessor large-cap fund (Nordic Capital Fund X), which raised €6.1 billion in 2020. [4] The fund closed in only 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. [5]

Recent Activity

In November 2024, Nordic Capital acquired US-based IP management software company Anaqua for approximately $3 billion. The acquisition is expected to close by the first quarter of 2025, subject to approval from the relevant regulatory and antitrust authorities. [6] In the same month, Nordic Capital acquired a controlling stake in Max Matthiessen for over $1 billion. [7]

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. [8] Nordic Capital acquired Trustly in 2018 at a $800 million valuation. [9] 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. [10]

In August 2024, Hargreaves Lansdown (LON: HL) agreed to be taken private for $7 billion by Nordic Capital and CVC Capital Partners. [11] 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. [12]

In April 2024, Nordic Capital invested in One Inc, an US-based digital payments platform. [13]

In February 2024, Nordic Capital acquired US-based financial software company ActiveViam. [14]

In January 2024, Nordic Capital acquired Surgical Information Systems, an US-based healthcare software company. [15]

In December 2023, Nordic Capital acquired IntegriChain, an US-based healthcare technology company. [16]

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. [17] During Nordic Capital's ownership, Macrobond saw its annual contract value (ACV) more than triple, resulting in a remarkable 34% year-on-year growth. 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. [18]

In January 2023, Nordic Capital completed the sale of The Binding Site to Thermo Fisher Scientific for $2.8 billion. [19] This exit represented a 19x net multiple of invested capital for Nordic Capital. [20]

In October 2022, Nordic Capital invested in medical device company Equashield through a deal valued at over $1.3 billion. [21]

In November 2021, Nordic Capital completed the take-private of US-based healthcare software company Inovalon (NASDAQ: INOV) for $7.3 billion. [22] 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. [23]

Investment Funds

Select Exited Investments


Related Research Articles

<span class="mw-page-title-main">Leveraged buyout</span> Acquired control over a company by the purchase of its shares with borrowed money

A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition. This is done at the risk of magnified cash flow losses should the acquisition perform poorly after the buyout.

Private equity (PE) is stock in a private company that does not offer stock to the general public. In the field of finance, private equity is offered instead to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage, "private equity" can refer to these investment firms, rather than the companies in which they invest.

<span class="mw-page-title-main">Kohlberg Kravis Roberts</span> American investment manager

KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company. As of December 31, 2023, the firm had completed private equity investments in portfolio companies with approximately $710 billion of total enterprise value. Its assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively.

<span class="mw-page-title-main">3i</span> British multinational private equity and venture capital company

3i Group plc is a British multinational private equity and venture capital company based in London, England. 3i is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

<span class="mw-page-title-main">Blackstone Inc.</span> American alternative investment company

Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman Brothers. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate across the globe. Blackstone is also active in credit, infrastructure, hedge funds, secondaries, growth equity, and insurance solutions. As of May 2024, Blackstone has more than US$1 trillion in total assets under management, making it the world's largest alternative investment firm.

<span class="mw-page-title-main">TPG Inc.</span> American investment company

TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American private equity firm based in Fort Worth, Texas. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm invests in a range of industries including consumer/retail, media and telecommunications, industrials, technology, travel, leisure, and health care. TPG became a public company in January 2022, trading on the NASDAQ under the ticker symbol “TPG”.

Bain Capital, LP is an American private investment firm based in Boston, Massachusetts, with around $185 billion of assets under management. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, crypto, tech opportunities, partnership opportunities, special situations, and real estate. Bain Capital invests across a range of industry sectors and geographic regions. The firm was founded in 1984 by partners from the consulting firm Bain & Company. The company is headquartered at 200 Clarendon Street in Boston with 22 offices in North America, Europe, Asia, and Australia.

Terra Firma Capital Partners Ltd. (TFCP) is a UK-based private equity firm. Financier Guy Hands founded the firm in 2002 through the spin-off of Nomura Principal Finance Group. The firm, which traces its roots to the formation of its predecessor in 1994, has invested over €14 billion since inception.

Thomas H. Lee Partners, L.P. is an American private equity firm headquartered in Boston. The firm focuses on investing in middle market growth companies across various sectors, including financial technology, services, healthcare, technology, and business solutions.

Silver Lake Technology Management, L.L.C., is an American global private equity firm focused on technology and technology-enabled investments. Silver Lake is headquartered in Silicon Valley and New York, and has offices in London, Hong Kong, and Singapore.

<span class="mw-page-title-main">Thoma Bravo</span> American private equity firm

Thoma Bravo, LP is an American private equity and growth capital firm based in Chicago. It is known for being particularly active in acquiring enterprise software companies and has over $130 billion in assets under management as of 2023.

<span class="mw-page-title-main">Private equity in the 2000s</span>

Private equity in the 2000s represents one of the major growth periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital expanded along parallel and interrelated tracks.

Charterhouse Capital Partners is a London based private equity investment firm focused on investing in European mid-market companies valued between €200m and €1.5bn. The company targets investments across the services, healthcare, specialised industrials and consumer sectors.

<span class="mw-page-title-main">Francisco Partners</span> American private equity firm

Francisco Partners Management, L.P., doing business as Francisco Partners, is an American private equity firm focused exclusively on investments in technology and technology-enabled services businesses. It was founded in August 1999 and based in San Francisco with offices in London and New York City.

Avista Capital Partners is an American private equity firm headquartered in New York City focused on growth capital and leveraged buyout investments in middle-market companies in the domestic healthcare sector.

Lightyear Capital is a private equity firm focused on leveraged buyout and growth capital investments in financial services companies.

Worldpay Group plc was a payment processing company. It was formerly listed on the London Stock Exchange until 16 January 2018 when it was acquired by Vantiv. The combined company then took the name Worldpay, Inc. Worldpay, Inc. was acquired by FIS in July 2019 for $43 billion. In 2024, private-equity firm GTCR acquired a majority 55% equity interest in WorldPay.

<span class="mw-page-title-main">Genstar Capital</span> Private equity firm

Genstar Capital is a private equity firm that executes leveraged buyout transactions in middle-market companies based in North America. Founded in 1988, Genstar currently has approximately $33 billion in assets under management.

<span class="mw-page-title-main">Vista Equity Partners</span> American investment firm

Vista Equity Partners Management, LLC is an American private equity firm that invests in software, data, and technology-enabled businesses. With over $100 billion in assets under management (AUM), it is one of the largest private equity firms in the world. Vista Equity Partners has invested in hundreds of technology companies, including Citrix, SentinelOne, and Marketo, and has achieved many accolades in the space, most recently being named as 2023's Global Technology Private Equity Firm of the Year by Private Equity International.

<span class="mw-page-title-main">ECI Partners</span>

ECI Partners is a growth focused private equity group based in the UK and the US, first established by the Bank of England in 1976.

References

  1. ↑ "Nordic Capital: Our Approach".
  2. ↑ "PEI300".
  3. ↑ "Nordic Capital: About Us".
  4. ↑ "Nordic Capital completes one of the largest fundraises in Europe this year, closing Nordic Capital Fund XI at EUR 9 billion hard cap".
  5. ↑ "Nordic Capital Raises Europe's Largest Fund This Year".
  6. ↑ "Nordic Capital Confirms Talks to Buy IP Software Firm Anaqua for $3 billion". Bloomberg.com. 2024-11-18. Retrieved 2024-12-12.
  7. ↑ "Nordic Capital to acquire Max Matthiessen".
  8. ↑ "Nordic Capital Explores Options for $10 Billion Payment Firm Trustly".
  9. ↑ "Nordic Capital Explores Options for $10 Billion Payment Firm Trustly".
  10. ↑ "Trustly to Process $100 Billion Annually, Leading the Pay by Bank Surge".
  11. ↑ "Nordic Capital and CVC Capital Partners takes Hargreaves Lansdown private for $7 billion".
  12. ↑ "Nordic Capital Is Said to Weigh IPO of NOBA".
  13. ↑ "Nordic Capital to invest in leading digital payments network One Inc".
  14. ↑ "Nordic Capital Acquires US-based Data Analytics Company ActiveViam".
  15. ↑ "Nordic Capital Acquires Surgical Information Systems".
  16. ↑ "Nordic Capital acquires IntegriChain, the only fully integrated platform for pharma commercialization and market access".
  17. ↑ "Buyout group Francisco Partners to acquire Macrobond from Nordic Capital".
  18. ↑ "Nordic Capital Wins Exit of the Year for Macrobond at the Private Equity International Awards 2023".
  19. ↑ "Thermo Fisher Scientific Completes Acquisition of The Binding Site Group from Nordic Capital for $2.8 Billion".
  20. ↑ "Nordic Capital Nets 19x Return on The Binding Site Exit".
  21. ↑ "Equashield sells stake to Nordic Capital at $1.3 billion valuation".
  22. ↑ "Inovalon to be Taken Private by Nordic Capital in $7.3 Billion Deal".
  23. ↑ "Inovalon to be Taken Private by Nordic Capital in $7.3 Billion Deal".
  24. ↑ "Nordic Capital Funds".
  25. ↑ "Nordic Capital Funds".
  26. ↑ "Nordic Capital Funds".
  27. ↑ "Nordic Capital Funds".
  28. ↑ "Deal of the 20 Years » Financial News' 20th Anniversary Awards for Excellence in European Finance - Financial News' 20th Anniversary Awards for Excellence in European Finance". fn20.efnevents.com. Retrieved 2018-11-09.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.