Nordic Capital related stories
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CVC To Buy Healthcare Firm from Apax, Nordic CapitalBuyout shop CVC plans to buy Capio Sanidad, a private healthcare unit of private equity backed European hospital group Capio, Reuters reported. Capio is currently owned by Apax and Nordic Capital. The deal, which may close this month, values Capio Sanidad at roughly 900 million euros ($1.2 billion).
- Lundbeck Buys Stake in PE-Owned Ambulance Service
The Lundbeck Foundation will pay 2.8 billion Danish crowns ($500.6 million) for a 36% stake in Danish ambulance services firm Falck, Reuters reported. The foundation, based in Copenhagen, is buying the stake from Falck’s private equity owners Nordic Capital Fund V, ATP Private Equity Partners and Folksam, Reuters said. The deal is expected to close by the end of the year.
- Apax in Exclusive Talks for Danish Company ISS
Beating out bids from rival buyout shops, Apax Partners is now in exclusive talks to buy Danish cleaning company ISS, Reuters reported. ISS is currently owned by Goldman Sachs and Swedish private equity firm EQT. The deal, valued at about $8.5 billion, could become Europe’s largest buyout since the credit crisis, Reuters said. ISS is one of the world’s largest facilities services companies, with more than 500,000 employees.
- Nordic Capital Buys Britax Childcare for $719 Million
Scandinavian private equity firm Nordic Capital paid 450 million pounds ($719.2 million) for Britax Childcare, a company owned by U.S. buyout shop the Carlyle Group, Reuters reported, citing an article in the Financial Times. Britax, a U.K.-based maker of child-safety car seats, was bought by the Carlyle Group five years ago for 230 million pounds.
- PE-Backed Nycomed Buys China's Techpool
Swiss drug maker Nycomed has acquired a majority stake in the Chinese pharmaceutical company Guangdong Techpool Bio-Pharma, Reuters reported. Nycomed paid roughly $210 million for a 51.34% stake in the Guangdong-based company. Zurich-based Nycomed is owned by four private equity firms: Nordic Capital, Credit Suisse's DLJ Merchant Banking, Coller International Partners and New York-based Avista Capital Partners.
- Nordic Capital wins in battle for Munters
Alfa Laval refused to raise its bid for Swedish climate control company Munters, thus leaving Nordic Capital, the other private equity firm in the bidding war, with victory. Nordic Capital had made an offer of 77 crowns per share, a total value of 5.7 billion crowns ($859 million), while Alfa Laval’s offer was 75 crowns. Munters shares fell 2.5 percent after the announcement.
- CapMan to sell off OneMed
Finnish investment firm CapMan intends to sell off OneMed, its medical supplies company. Potential buyers will be given information memorandums next week. Nordic buyout firms such as IK Investment Partners, Nordic Capital and EQT are likely to be interested by the sale. CapMan owns a 65.9 percent stake in OneMed.
- Cidron makes $787M bid for Munters
Cidron, a firm owned by private equity fund Nordic Capital VII Limited, bought Swedish engineering firm Munters for 5.4 billion crowns ($787 million), sweeping in ahead of another engineering firm, Alfa Laval. Cidron offered 73 crowns per share, more than Alfa Laval’s 68 crowns offer.