Nordic Capital, the Nordic private equity firm headquartered in Stockholm, has hired former Morgan Stanley managing director Christian Dyvig as a partner.
Danish national Dyvig will be based at the firm’s Copenhagen office and will be responsible for coordinating the firm’s Danish activities. He joins Nordic Capital after more than ten years in the mergers and acquisitions team at Morgan Stanley where he headed up the bank’s Nordic and most recently the German activities. Dyvig also spent five years at Danish law firm Kromann Reumert.
The appointment comes as Nordic Capital is looking to expand its presence in the regional market following the final close of its Nordic Capital V fund in April, which received commitments totalling E1.5bn.
The fund, which received commitments from 60 institutions from 13 countries, will invest in mid-market buyout opportunities across the Nordic region.
“Nordic Capital is poised for substantial growth across all industries on the heels of our recently successfully closed Fund V,” said Robert Andreen, managing director of Nordic Capital. “Dyvig’s long, successful international banking career and his Danish network are a standout blend, and will give us an even better position from which to grow our business.”
Nordic Capital, which was set up in 1989, currently has E1.5bn available for investment with a team of 22 investment professionals. Nordic is one of Scandinavia’s three leading large-cap buyout houses along with Industri Kapital, which is currently fundraising, and EQT, which is expected to come back to market for a new fund next year.