Nordic Capital related stories
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New Mexico SIC Commits $150M To Nordic, EnCapThe New Mexico State Investment Council, the agency that manages the state’s $16 billion “permanent endowment,” agreed to plow $150 million into two private equity funds at its November meeting. The commitments included a $75 million pledge to Energy Capital Partners’ EnCap Energy Capital Fund IX LP and an equal amount to Nordic Capital’s Nordic Capital Fund VIII LP.
Swedish Investors Face Tax CrackdownAt least eight Swedish and global firms face tax probe, as the country wants to enact a tax of 55% of investment bonuses
- Reuters – ProSieben Expecting Two Bids for Nordic TV Channels
ProSiebenSat.1 is expecting two bids for its Nordic TV channels, valued at more than 1 billion euros ($1.3 billion), Reuters reported, citing five people familiar with the situation said. Rival TV group Discovery Communications and private equity group Providence Equity Partners are expected to table bids for ProSieben's Scandinavian assets, including Sweden's Kanal 9, Norway's TV Norge, and Kanal 4 in Denmark, the people said.
- Reuters - Swedish Buyout Bosses Face Tax Crackdown
Sweden is widening a probe into the tax affairs of private equity dealmakers, as part of a clampdown which has already led to bills for hundreds of millions of dollars of back taxes, writes Reuters. The Scandinavian country has become the largest private equity market in Europe in recent years, relative to the size of its economy, with deals worth almost $5 billion agreed in 2011.
- KKR-Backed ProSieben Attracts Three Offers
ProSieben has attracted three offers worth more than €1.3 billion euros ($1.7 billion) for its Nordic TV channels, sister news service Reuters reported in late October, which may help to reduce the group’s debt. The bidders are private equity firms Nordic Capital and Providence Equity Partners as well as cable network Discovery Communications, Reuters wrote.
- Reuters - ProSieben Attracts Three Offers
ProSieben has attracted three offers worth more than 1.3 billion euros ($1.7 billion) for its Nordic TV channels, Reuters reported on Wednesday, which may help to reduce the group's debt. The bidders are private equity firms Nordic Capital and Providence Equity Partners as well as cable network Discovery Communications, Reuters wrote.
- Reuters - ProSieben Attracts Three Offers for TV Channels
ProSiebenSat.1 has attracted three offers worth more than 1.3 billion euros ($1.7 billion) for its Nordic TV channels, which may help to reduce the group's debt, writes Reuters. The bidders are private equity firms Nordic Capital and Providence Equity Partners as well as cable network Discovery Communications.
- Reuters – Synsam On the Block
The owners of Nordic optician chain Synsam are launching a sale of the company which could fetch around 500 million euros, sources familiar with the matter told Reuters. They said international private equity firms were likely to be interested in Synsam, but that local players EQT and Nordic Capital might also consider bidding for it, Reuters wrote.
- LP Scorecard: GTCR, Doughty Hanson Lead Way For Washington State
Top buyout performers for the $84 billion Washington State Investment Board private equity portfolio span vintages as recent as the 2002 Fortress Investment Fund II and Charterhouse Capital Partners VII to as old as the KKR 1982 Fund, according to Washington’s Private Equity IRR report as of March 31, 2012.
- Avista Rides Energy And Health Care To Success
Two chestnuts often repeated at conferences are the need for private equity shops to specialize and also shift gears when an industry changes. Avista Capital Management, a New York-based mid-market growth capital firm, has fully embraced both since the day in 2005 that its seven top executives left Credit Suisse DLJ Merchant Banking Partners.