Moraviec named CEO of ConvaTec

ConvaTec said Thursday that Paul Moraviec was named CEO. Moraviec had been appointed Interim CEO in December. CovaTec, a medical products and technologies company, is owned by Nordic Capital and Avista Capital Partners.


Nordic Capital to buy Resman

Nordic Capital has agreed to acquire Resman, a Norwegian oil and gas company. The sellers are Statoil Technology Invest and Verdane Capital. No financial terms were disclosed.


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.

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