Nordic Capital has sold Permobil to Investor AB. The transaction values the company at SEK5,500 million ($842 million).
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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.
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.
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.
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 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 [...]
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 [...]
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 [...]
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 [...]