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Nordic Capital Plans I.P.O. for Auto Parts Maker

Buyout shop Nordic Capital is planning to list Swedish auto parts company FinnvedenBulten, Reuters reported. The firm has brought on Swedish banks Handelsbanken and Carnegie to act as its financial advisers. An exact date for the initial public offering was not released.

(Reuters) – Private equity group Nordic Capital is nearing a listing of Swedish auto parts maker FinnvedenBulten, a source with knowledge of the process said.

“The process is underway, and it (an initial public offering) is not far off,” the source told Reuters on Thursday.

The source said Nordic Capital, which declined to comment, had lined up Swedish banks Handelsbanken and Carnegie to act as its financial advisers in the process. The banks also declined to comment, while Finnveden was not immediately available.

(Reporting by Sven Nordenstam)