Year Founded: 1989
AUM: $26.6B | Dry Powder: $15.2B
Mäster Samuelsgatan 21, 9th floor, SE-111 44, Stockholm, Sweden
Founded in 1989, Nordic Capital is a private equity firm that seeks to invest in Europe and North America. Nordic Capital caters to the healthcare technology, payments and financial services, industrial and business services sectors
Key Contacts
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Klas Tikkanen
Chief Operating Officer
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Jesper Söderberg
Chief Financial Officer
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Kristoffer Melinder
Managing Partner
Investment Preferences
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Preferred Industries
Capital Markets/Institutions, Commercial Banks, Commercial Products, Commercial Services, Consumer Durables, Other Information Technology, Pharmaceuticals and Biotechnology, Services (Non- Financial), Software, Insurance, Other Financial Services
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Geographical Preference
Europe, North America
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Preferred Deal Types
Buyout/LBO, PE Growth/Expansion
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Other Investment Preferences
Long-Term Investor, Prefers majority stake, Prefers minority stake, Seeks ESG investments, Seeks Impact investments, Will syndicate
Investments By Year
Funds Closed
Size: $8.8B
Dry Powder: $8.8B
Details: The fund targets European IT, business product & service, industrial and fintech sectors
Size: $1.4B
Dry Powder: $1.1B
Details: The fund targets North European IT, healthcare & financial services sectors. It prefers investments between €35 to €150 million
Size: $7.2B
Dry Powder: $3.3B
Details: The fund targets healthcare, IT, B2B payments sectors. It prefers to invest in the Nordic countries
Investments By Industry
Investments By Region
Key Investments
In February 2023, Nordic Capital acquired AutoCirc, a Swedish provider of reused and recycled automotive spare parts, from Alder for an undisclosed amount. The acquisition aims to extend the lifecycle of auto parts in order to reduce costs as well as lower carbon emissions
In October 2022, Nordic Capital acquired Ascot Lloyd, an independent financial advisory firm, from Oaktree Capital Management. The financial details of the deal were not disclosed
In June 2022, Sortera, via its financial sponsors Nordic Capital and Ryk Group, acquired O’Donovan Waste Disposal for an undisclosed sum. O’Donovan is a provider of waste management and recycling services
In March 2022, Inovalon Holdings, a provider of medical cloud-based analytics and platforms was acquired by Insight Partners, Nordic Capital, 22C Capital, Mr. Keith Dunleavy, and other investors through a $7.3 billion public- to-private LBO. In support of the transaction, PNC, Blackstone Credit, Owl Rock Capital Corporation BDC, NMF SLF I BDC, and Apollo Global Management provided debt financing in the form of a $3.5 billion unitranche loan, a $15.26 million first-lien loan, a $1.63 million first-lien delayed drawn term loan, an undisclosed revolving credit line, and a term loan
In July 2021, LEO Pharma, a manufacturer of medicines received c.$534 million of development capital from Nordic Capital. The investment will support the company’s ambitious growth strategy and strengthen its position in medical dermatology
In March 2021, Sortera, a provider of waste management and disposal services was acquired by Nordic Capital and Ryk Group through an SBO for an undisclosed sum
In January 2021, Cytel, a developer of statistical medical data management software was acquired by Nordic Capital and Astorg (Paris) through a $1 billion LBO
In March 2020, SpaMedica, a provider of ophthalmic services was acquired by Ober Scharrer, via its financial sponsors Nordic Capital, Adams Street Partners, Palamon Capital Partners and PGGM through an approximately $383.93 million LBO
In December 2019, Crossway Holdings an operator of an offshore jack-up accommodation was acquired by Master Marine, via its financial sponsor Nordic Capital, through an LBO for an undisclosed sum
In August 2019, Nordax Group acquired Bank Norwegian, via its financial sponsors Sampo and Nordic Capital, through an estimated NOK15.15 billion public-to-private LBO
Other Details
Founded in 1989, Nordic Capital has over 30 years of investing experience. Till date, the firm has raised 12 fund and has invested €22 billion in 130+ companies & made 91 successful investment exits. Nordic Capital’s current portfolio consists of 48 companies that employs 74,000 people & generate €15 billion in revenues. The company currently employs 215 people based out of 10 offices in Europe & North America.
Nordic Capital’s typical investment ranges between $216.1 million – $2.2 billion. Its most recent open fund SPC XI Alpha is a buyout fund managed by Nordic Capital which was launched in July 2022.
Accent Equity Partners, Acino, AlpInvest Partners, ATP Private Equity Partners, Bure Equity, Capio, EG Software, Fidelio Capital, Hilding Anders, Kartesia, MPM Capital, Novo Holdings, Priveq Investment, Saferoad Holding AS, Thule Group, Unifeeder and Voima Ventures are some of the co-investors who invest alongside Nordic Capital.
Source: Pitchbook, Company Website, Press Release