Nordic Capital related stories
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SLIDESHOW: Top 10 European Buyout Funds Investing in U.S. 2010-NowThere were only a handful of U.S. buyouts completed by the largest European buyout funds in 2010/2011, but we thought it might be interesting to see who was active and who had money to invest. pe.HUB takes a look at the most active European buyout funds investing in the US in the last year, in order of largest fund size, based on data from Thomson Reuters.
- Second Round Bids Due for Europris
Second round bids are due for Norway-based discount retail store Europris. The company, owned by IK Investment Partners, has attracted interest from buyout shops Nordic Capital and Warburg Pincus. Europris could reportedly fetch 400 million euros ($546.2 million) and 500 million, Reuters reported Monday.
- Advent, Bain in Running for Point International
Advent International and Bain Capital are in the running to buy Point International, a payments company owned by Nordic Capital, Reuters reported Tuesday. The two private equity firms have teamed up on a bid. The company is expected to fetch roughly 700 million euros ($930 million), and final bids are expected this month.
- Nordic Capital Completes €9.6bn Nycomed Deal
Nordic Capital Funds V and VI just completed the sale of Nycomed A/S to listed Japanese Takeda Pharmaceutical in a €9.6bn transaction. The deal excludes the US based dermatology and topical generics unit Fougera, which is being retained by the Nordic Capital-lead owner group.
- Kinetic Concepts Deal Falls Apart
An attempt by private equity-backed ConvaTec to buy U.S. wound-care firm Kinetic Concepts has collapsed, Reuters reported Friday, citing a report in Dagens Industri. The deal reportedly fell apart when a pharmaceutical firm that had agreed to buy one of Kinetic's daughter companies as part of the deal pulled out. In August, sources told Reuters that Kinetic Concepts had received a takeover bid from ConvaTec, which is owned by Nordic Capital and Avista Capital Partners LLC.
- Convatec’s Bid for Kinetic Worth $6.3B
Medical technology company Convatec has bid more than $6.3 billion for medical device company Kinetic Concepts Inc., Reuters reported, citing the Swedish daily Dagens Industri. Apax Partners announced a $5 billion offer for Kinetic last month. When including debt, that debt was worth about $6.3 billion, Reuters said. Convatec jumped into the race during the so called “go-shop period.” Convatec is backed by private equity firms Nordic Capital and Avista Capital Partners.
- ConvaTec Tops Apax Bid for Kinetic Concepts
ConvaTec Inc., a company backed by Avista Capital Partners and Nordic Capital, has bid for medical device company Kinetic Concepts, Reuters reported, citing Bloomberg. The bid exceeds the existing $5 billion bid made by a group of investors led by buyout giant Apax Partners, Reuters wrote. Apax announced a $68.50-a-share offer for Kinetic last month. Under a so-called “go-shop” period, Kinetic had 40 days to seek higher offers, Reuters said.
- BC Partners to Buy Com Hem in $2.6B Deal
Buyout shop BC Partners will pay 17 billion crowns ($2.6 billion) to buy Swedish cable company Com Hem, Reuters reported. BC Partners apparently beat out rival bidder Cinven. Com Hem is currently owned by private equity investors Carlyle Group and Providence Equity Partners.
- EQT Buys Atos From Nordic Capital
Buyout shop EQT acquired Atos, a supplier of medical rehabilitation products for patients who’ve undergone the surgical removal of the larynx. EQT bought the company from Nordic Capital. Terms of the sale were not released.
- Nordic Capital Drops Out of Com Helm Race
Nordic Capital has dropped out of the running to buy Swedish cable television operator Com Hem, Reuters reported. Buyout shop CVC dropped out earlier in the process. Final bids are due this week, and Cinven and rival BC Partners are expected to table binding bids for the cable firm, Reuters wrote. The company is expected to fetch as much as 18 billion Swedish Crowns ($2.7 billion), Reuters said.