Nordic Capital could resume Falck IPO plans

The success of Danish jewellery maker Pandora’s $2 billion IPO could prompt Nordic Capital to resume its plans for an IPO for Falck, a Danish ambulance service, in 2011, according to Reuters. Nordic Capital owns 71.9 percent of Falck shares, with the private equity arm of Denmark’s largest investor, ATP, also involved. The previous Falck IPO plans were scuppered by nervous investors.

(Reuters) – Owners of Danish ambulance service company Falck could resume preparations for an initial public offering of stock in 2011, the main shareholder Nordic Capital’s managing partner Lars Terney told Reuters.

Nordic Capital owns 71.9 percent of Falck shares.

Terney’s remarks followed Danish jewellery maker Pandora’s successful $2 billion IPO and debut on the Copenhagen stock exchange on Tuesday.

Terney said Falck’s owners, which include the private equity arm of Denmark’s largest investor, pension fund ATP, and the management, are still assessing options for exiting Falck, which will depend on how the company and equity markets perform.

“An IPO process of Falck may be reinitiated some time during 2011 — as mentioned before: Nordic Capital is in no hurry and won’t exit Falck unless conditions are right,” Terney said.

Nervous investors, spooked by the European public debt crisis, in June forced Nordic Capital to shelve indefinitely Falck IPO plans which would have put the company on the Copenhagen bourse before the summer holidays.