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.

(Reuters) – Sweden’s Nordic Capital has bought Britax Childcare, a British maker of children’s car safety seats and pushchairs, for 450 million pounds ($719.2 million) the Financial Times reported on Monday.

It is the Scandinavia-based private equity group’s first buyout of a British company, and it saw off rivals Lion Capital, Clayton Dubilier & Rice and PAI Partners, the FT said, without citing sources.

Britax, which was bought by the Carlyle Group for 230 million pounds five years ago, has maintained strong sales, helped by tougher rules on the use of car seats, especially in emerging markets. Carlyle has made a 2.5 to three times return on its investment.

Rothschild advised Carlyle and Lazard advised Nordic Capital.

Nordic Capital could not be reached for comment.

(Reporting by Louise Heavens; Editing by Muralikumar Anantharaman)