For all media enquiries please contact Katarina Janerud, 
Communications Manager: 

Tel: +46 8 440 50 50 
Direct: +46 8 440 50 69 
Mobile: +46 709 69 69 99
Fax. +46 8 611 79 98 
e-mail:
katarina.janerud@nordiccapital.com  

Nordic Capital sells its holding in FinnvedenBulten AB

Mar 06, 2014

Nordic Capital Fund V ("Nordic Capital") has, through Finnveden S.à r.l, an indirectly owned company, sold its entire holding of 4 874 273 shares, corresponding to 23.2% of the shares in FinnvedenBulten AB ("FinnvedenBulten") to institutional investors. The transaction took place on March 5, and following the sale, Nordic Capital no longer holds any shares in FinnvedenBulten.

"It has been an exciting journey since Nordic Capital's acquisition in 2005. After many years of intensive industrial work, the company now has an attractive platform for continued growth. Nordic Capital has great confidence in FinnvedenBulten's management and board and their ability to continue to develop the company. It is very positive to be able to hand over the long-term majority ownership to Volito, which has increased its ownership to over 20%," says Ulf Rosberg, Senior Advisor, NC Advisory AB, advisor to the Nordic Capital Funds.

Nordic Capital acquired FinnvedenBulten in 2005 through a public offering from the then Stockholm Stock Exchange. The main purpose of the acquisition was to make major investments, as well as to further develop and refine the business, increasing the focus on growth. During Nordic Capital's ownership period FinnvedenBulten was consolidated following the divestment of two business areas; Bufab was established as an independent company and Finnveden Powertrain was divested. Post the consolidation, FinnvedenBulten, expanded organically and improved its geographic presence and was re-listed on NASDAQ OMX Stockholm in May 2011 as a profitable and competitive company.

 

Contact information:

Nordic Capital
Katarina Janerud, Communication Manager
NC Advisory AB, advisor to the Nordic Capital Funds.
tel. +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com

 

About Nordic Capital

Nordic Capital private equity funds have invested in mid-market companies primarily in the Nordic region since 1989. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital enables value creation in its investments. Nordic Capital Funds invest in companies in northern Europe and in selected investment opportunities internationally. The most recent fund is Nordic Capital Fund VIII with EUR 3.5 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory companies in Sweden, Denmark, Finland, Norway, Germany and the UK. Additional information about Nordic Capital is available at www.nordiccapital.com

About Nordic Capital Private Equity Funds

Since the start in 1989, Nordic Capital Private Equity Funds have invested in large and medium sized companies, primarily in Northern Europe. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital creates value in its investments. The funds invest in companies in Northern Europe and in selected investment opportunities internationally. They are based in Jersey, Channel Islands, and are advised by the NC Advisory companies in Sweden, Denmark, Finland, Norway, Germany and the UK. Additional information about Nordic Capital is available through its corporate website, www.nordiccapital.com

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