Nordic Capital Exits Falck

Private equity firm Nordic Capital has exited its 44% stake in Danish ambulance service group Falck to the Lundbeck Foundation, the owners of the Lego company and Falck management, Reuters reported. Previous plans for a Falck IPO have now been scrapped. Terms of the deal were not released. The Lundbeck Foundation, which controls Danish drugmaker Lundbeck, raised its stake in Falck to 58% from 36%. KIRKBI, a holding company of the Kristiansen family that owns the Danish toymaker Lego, becomes the second-biggest shareholder, with a 20 percent ownership, Reuters wrote.

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