DECEMBER 04 2014
Nordic Capital Fund V ("Nordic Capital") has, through Bufab S.à.r.l, an indirectly owned company, sold its entire holding of 7,627,620 shares, corresponding to 20.0% of the shares in Bufab Holding AB ("Bufab" or the "Company"), to institutional investors. The transaction took place on December 4 and, following the sale, Nordic Capital no longer holds any shares in Bufab.
Bufab was acquired by Nordic Capital in early 2005 through a public offering for Finnveden which was listed on the Stockholm Stock Exchange at the time. Shortly thereafter, Bufab became a stand-alone company with an independent management and board of directors.
Under Nordic Capital's ownership, Bufab established a solid platform for sourcing and sales of C-Parts by expanding its presence from 10 to 23 countries. The Company has grown strongly with existing and new customers by offering its sourcing model, Supply Chain Partner. Over the last ten years, Bufab has reported average annual net sales growth of seven per cent.
"During its 10 year ownership period, Nordic Capital made significant investments in Bufab which enabled strong sales growth. At the same time, Bufab has been able to focus on its geographical expansion and delivering added value to its customers. Today, as a listed company, Bufab is well positioned with a solid platform for continued development and growth, both organically and through acquisitions," says Ulf Rosberg, Senior Advisor, NC Advisory AB, advisor to the Nordic Capital Funds and board member of Bufab.
Bufab was listed on NASDAQ Stockholm in February 2014 and since then the share price has increased by 24%.
Katarina Janerud, Communication Manager
NC Advisory AB, advisor to the Nordic Capital Funds
tel. +46 8 440 50 69
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