MARCH 02 2023
This year marks the 21st anniversary of the PEI Awards, the only honours within private equity decided solely by those who work in the industry and recognising the greatest achievements of firms within the sector.
Kristoffer Melinder, Managing Partner, Nordic Capital Advisors, comments:
“We are honoured that Nordic Capital has been recognised at the PEI Awards in three different categories. Despite many macro-economic challenges in 2022, Nordic Capital had a very strong year completing the close of Nordic Capital XI at the hardcap of EUR 9.0 bn as well as eight platform deals and completing four exits, including the landmark exit of The Binding Site. I would like to express my congratulations to the hard work of the entire team at Nordic Capital and gratitude to investors, peers and advisers in the industry for recognising these achievements.”
The judges commended Nordic Capital for the following achievements:
- Exit of the Year in EMEA
Nordic Capital won “Exit of the Year in EMEA” for its exit of The Binding Site, a global leader in specialty diagnostics. The sale of Binding Site was one of Nordic Capital’s most successful exits to date. The judges commented Nordic Capital for “Since Nordic Capital's acquisition 2011, The Binding Site grew fivefold. According to the firm, revenues grew from £40 million ($48 million; €45 million) to close to £200 million; and employees more than doubled from 500 in 2011 to more than 1,000 in 2022”.
- Fundraise of the Year in EMEA
Nordic Capital won “Fundraise of the Year in EMEA” following the successful close of one of the largest and fastest fundraises in Europe in 2022, Nordic Capital Fund XI at its EUR 9 billion hard cap. The judges commented Nordic Capital for “Nordic Capital was recognised in this category for its 11th flagship fund, which gathered €9 billion, exceeding its €8 billion target and raising around €3 billion more than its predecessor vehicle. The fund closed in just nine months and has a 100 percent re-up rate, with some 30 percent of commitments from new LPs, according to the firm”.
- Firm of the Year in the Nordics
Nordic Capital won “Firm of the Year in the Nordics”. The judges commended Nordic Capital: “For the second year in a row, Nordic Capital has taken the prize for Firm of the Year in the Nordic region. The firm reached a €9 billion final close for Fund XI last October, exceeding its €8 billion target for the flagship fund. Transaction highlights included the firm's acquisitions of Swedish vehicle glass repair and replacement provider Cary Group and Danish specialty insurer RiskPoint. The firm made 40 new hires over the past 12 months, including 18 to the investment team”.
Link to PEI full winners list: Private Equity International Awards 2022 | Private Equity International
Katarina Janerud, Communications Manager
Nordic Capital Advisors
Tel: +46 8 440 50 50
About Nordic Capital
Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested EUR 22 billion in over 130 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com
“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”
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