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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

  • Klas Tikkanen

    Chief Operating Officer

  • Jesper Söderberg

    Chief Financial Officer

  • Kristoffer Melinder

    Managing Partner

Investment Preferences

  • 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

  • Geographical Preference

    Europe, North America

  • Preferred Deal Types

    Buyout/LBO, PE Growth/Expansion

  • Other Investment Preferences

    Long-Term Investor, Prefers majority stake, Prefers minority stake, Seeks ESG investments, Seeks Impact investments, Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

Nordic Capital XI
Vintage: 2022

Size: $8.8B

Dry Powder: $8.8B

Details: The fund targets European IT, business product & service, industrial and fintech sectors

Nordic Capital Mid-Market Evolution Fund
Vintage: 2021

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

Nordic Capital Fund X
Vintage: 2020

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

Source: Pitchbook

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