Nordic Capital related stories
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Nordic Capital Plans to Exit Point InternationalBuyout shop Nordic Capital is planning to exit its investment in payment processing business Point International, Reuters reported. The firm hired JP Morgan to manage a sale. The company could fetch as much as 300 million euro ($434 million), Reuters estimated.
- Takeda Pharmaceutical Buys PE-Backed Nycomed for $13.6B
Japan’s largest drugmaker, Takeda Pharmaceutical Co., will pay $13.6 billion to buy private equity backed rival Nycomed, Reuters reported. Zurich-based Nycomed is majority owned by four private equity firms, led by Nordic Capital with 41%. Credit Suisse's DLJ Merchant Banking has 25.6%, Coller International Partners 9.7% and Avista 8.9%.
- Takeda In Talks to Buy PE-Backed Nycomed
Japanese drugmaker Takeda Pharmaceutical Co. is in talks to buy buy Swiss rival Nycomed in a deal that could reach about $14.2 billion, Reuters reported, citing a story by Bloomberg. Nycomed is owned by Nordic Capital and Credit Suisse Group AG's private-equity unit. A deal for the company could be announced as early as next week, Reuters said.
- Nordic Capital Files to List FinnvedenBulten
Nordic Capital has applied to list its portfolio company FinnvedenBulten, a Swedish auto parts maker, on the Stockholm stock exchange, Reuters reported. The value of the offering would be between 614 million and 695 million crowns ($92.6 million-$105 million), Reuters wrote. Nordic Capital acquired the company in 2005.
- Montana Capital Partners Launches
Newly formed Montana Capital Partners AG has launched to provide liquidity and asset management services for private equity investors, the firm announced Monday. Based in Baar, Switzerland, the firm's services will include liquidity solutions such as secondary investment programs and the creation of securitized structures and asset management services.
- 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.
- Nordic Capital Plans I.P.O. for Auto Parts Maker
Buyout shop Nordic Capital is planning to list Swedish auto parts company FinnvedenBulten, Reuters reported. The firm has brought on Swedish banks Handelsbanken and Carnegie to act as its financial advisers. An exact date for the initial public offering was not released.
- Danish Firm ISS Breaks Off Talks with Apax
ISS, a private equity-backed Danish outsourcing firm, has formally ended talks for an $8.5 billion buyout by private equity firm Apax, Reuters reported. Goldman Sachs and Swedish buyout firm EQT currently own ISS, and will opt for a share flotation instead of an acquisition, Reuters said.