APRIL 14 2023
The past twelve months have been turbulent, both geopolitically and financially. But, for Nordic Capital, 2022 also represents a year in which it made some impressive strides, including acquisitions of high-potential companies within its key markets and sectors, the successful exit of The Binding Site and sustainability achievements across the portfolio.
In addition, Nordic Capital closed its largest fund to date, Nordic Capital XI, at the hard cap of EUR 9 billion. The fundraising succeeded against a backdrop of intense competition, as investors handed a vote of confidence in Nordic Capital.
“Despite the challenging economic conditions, we have continued to see an interesting deal pipeline over the last twelve months. Going forward, the most successful PE funds will be those that take a specialist approach, understanding specific segments within their selected sectors and applying genuine operational expertise. Even in challenging conditions, companies and business models with strong growth drivers, scalable profitability and resilient operations will continue to be attractive,” said Kristoffer Melinder, Managing Partner, Nordic Capital Advisors.
Nordic Capital: Highlights 2022
- EUR 30 bn in Assets Under Management
- 8 new platform investments in key sectors during the year, deploying EUR 2.1 bn of capital
- > EUR 22 bn invested in over 130 companies since inception
Portfolio: Highlights 2022
- EUR 15 bn of revenue, generated by current portfolio companies
- 74,000 FTEs employed in portfolio companies (average organic employment growth rate of 4%)
- 87 % of portfolio companies now have a sustainability strategy in place
(Data as per Dec 31, 2022)
Sustainability achievements in the year
Nordic Capital is an active and engaged owner that works in close collaboration with its portfolio companies. The emphasis lies on supporting the portfolio companies to establish fundamental processes to enable sustainability integration across the business, and to apply a data-driven approach to ensure sustainability performance. With a continuous strive-to-drive progress to create lasting results, Nordic Capital is proud to share its 2022 achievements in the report.
Cautiously optimistic outlook
As Nordic Capital looks ahead to 2023, it is with a cautiously optimistic mindset. Belief in the transformative power of private equity to make lasting positive social and environmental impact is embedded in Nordic Capital’s culture and investment framework. There is a positive momentum across the portfolio which is well diversified and Nordic Capital is pleased to have both the expertise and experience to support and develop world-class companies.
“The ability to identify risks and opportunities early and to act quickly is really critical for successful business development. It requires a strong combination of deep sector specialism, operational capability and strong management. We believe that private equity has a critical role to play in building a sustainable world and driving change within business to benefit society and the planet. This will continue to be an important strategy element in 2023,” said Kristoffer Melinder.
To read more, please download the Nordic Capital Annual and Sustainability Review 2022
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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