OCTOBER 12 2012
Nordic Capital clear winner for the development and transformation of Nycomed from a local to a global player, in the Operational Excellence Award announced by Private Equity International on October 8.
The judges were particularly impressed with the add-on acquisitions that were made to transform Nycomed into a leading global pharma company.
"The story is amazing. It's a clear winner", said judge Eric Ellul, Boston Consulting Group.
"The revenue growth, the margin growth - and I know there was some M&A involved - was just spectacular, a real transformation from a local player to a global player. They made some smart add-on acquisitions. They did some very hands-on operating work regarding efficiency gains and operation and sourcing, [plus] new launches. I just loved it", said judge Thomas Pütter, Ancora Finance Group.
"[Nordic Capital] went into pharma, which is an extremely difficult sector, and they improved multiple components of the business. I liked the unusual way they made acquisitions, some of which were three times the company's size", said judge Eli Talmor, Coller Institute of Private Equity.
"Nordic Capital spends a lot of time with the portfolio companies, identifying potential, helping and supporting the management team. Nordic Capital prides itself on being active and staying close to the execution in the portfolio companies", said Kristoffer Melinder, Managing Partner, NC Advisory AB, advisor to the Nordic Capital Funds.
For further information about Nycomed and other recent deals made by Nordic Capital, please see www.nordiccapital.com.
About Nordic Capital
Since the start in 1989, Nordic Capital Private Equity Funds have invested in large and medium sized companies, primarily in the Nordic region. Nordic Capital creates value in its investments, through committed ownership and by targeting strategic development and operational improvements. The funds invest in companies inNorthern Europeand in selected investment opportunities internationally. The most recent fund is Nordic Capital Fund VII with EUR 4.3 billion in committed capital, principally provided by international institutional investors, such as pension funds, asset managers and insurance companies. 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.