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Nordic Capital agrees to buy majority stake in Lindorff

Nordic Capital has agreed to acquire a majority stake in Lindorff from Investor and Altor for 2.3 billion in euros. As a result of the transaction. Altor and Investor will retain a minority holding in Lindorff. Based in Oslo, Norway, Lindorff is a credit management service provider.

Nordic Capital to list components supplier Bufab – Reuters

Sweden’s Bufab, a supplier of components to the manufucturing industry, has applied for a listing of its shares on the Stockholm stock exchange, writes Reuters. Bufab, owned by private equity firm Nordic Capital, said up to 72.5 percent of its shares would be sold in the offering for 44 to 50 crowns per share, giving it a market capitalization of between 1.7 billion and 1.9 billion Swedish crowns ($262-286 million).

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Catch up on the latest after the weekend including Apollo tipping the scale with Fund VIII, a round-up of firms on the fundraising trail and find out whether private equity’s reputation has improved over the last five years.

Segulah team changes

Christian Sievert will be leaving Segulah in spring of 2014 to start his own investment company, backed by a cornerstone investor. He will remain partner of Segulah until the spring to conclude work for different portfolio companies in which he is involved. Segulah has also appointed a new senior member to the investment team, Henrik Lif, formerly at Nordic Capital and a one time CEO of one of Nordic Capital’s portfolio companies.

John Cannon Named Acting CFO of ConvaTec

ConvaTec, a privately-held developer and marketer of innovative medical technologies, has named John Cannon as acting chief financial officer of the company. Cannon succeeds Edward Borkowski, who has left the company, which is owned by Nordic Capital and Avista Capital Partners.

SafeRoad CEO Resigns

Jon Erik Engeset, president and CEO of SafeRoad, has resigned. Saferoad is a Nordic Capital portfolio company. Engeset will leave SafeRoad with effect from July 1st 2013.

Reuters – PPR to Sell Redcats units to Nordic Capital

French luxury and sports-brand group PPR said on Monday its Redcats mail order unit had agreed to sell Scandinavian brands Ellos and Jotex to Nordic Capital for an enterprise value of 275 million euros ($362 million), writes Reuters. The sale of home shopping brand Ellos and textile and decoration brand Jotex to the private equity fund should be completed in the coming months, writes Reuters.

Oregon Commits $400M To Several PE Strategies

The Oregon Investment Council, one of the nation’s largest private equity investors, committed $400 million across five funds since its previous meeting, according to the meeting minutes and the council’s spokesman, James Sinks. The new commitments are the first under the council’s new chief investment officer, John Skjervem, who began the job in November.

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.

CapMan Completes Exit from Discount Store Chain Tokmanni

Funds managed by the private equity group CapMan, based in Helsinki, have now exited from the Finnish discount store chain Tokmanni Group as, in late May, it was announced that they would. CapMan funds sold their equity stakes in Tokmanni to Nordic Capital Fund VII. PRESS RELEASE: Funds managed by CapMan have completed the exit from […]

Nordic Capital Acquires Stake in Consumer Financing Business

Nordic Capital Fund VII is to acquire 55 per cent of Resurs Bank, Solid Försäkringar, Reda Inkasso and Teleresurs. The sellers are the families Westin, Schröder and Paulson. The Bengtsson family will stay on as co-owner together with Nordic Capital and will retain its current 45 per cent ownership. PRESS RELEASE Nordic Capital Fund VII […]

Reuters – Nordic Capital Buys into Danish Sporting Goods

Private equity group Nordic Capital has bought Sport-Master, a Danish sporting goods chain, writes Reuters. No details were provided on the value of the deal. Reuters – Private equity group Nordic Capital said on Monday it has bought Sport-Master, Denmark’s largest sporting goods chain, continuing a string of recent deals in the region’s buoyant buyout […]

Confectioner Cloetta Acquires Leaf Holdings

Swedish confectioners Cloetta and Leaf International have merged to create a publicly traded company with sales of $843.5 million (SEK5.7bn). The new group will operate under the brand Cloetta, and investors in Cloetta will hold 42.4% of the combined entity while Leaf shareholders — the private equity groups Nordic Capital and CVC Capital — will […]

Cloetta and LEAF Close to Merger

Nordic confectionery company Cloetta has announced the terms of a rights issue of approximately SEK 1,050 million to finance a merger with confectionary business LEAF Holland. LEAF is backed by CVC and Nordic Capital. PRESS RELEASE The Board of Directors of Cloetta AB (publ) (“Cloetta” or “the Company”) has previously suggested that the extraordinary general […]

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