Orc Group AB successfully places a EUR 60 million five year inaugural Nordic High Yield bond

NOVEMBER 29 2012

On November 16, 2012 Orc Group AB ("Orc") successfully placed a five year EUR 60 million Senior Secured High Yield bond. The notes, maturing on November 27, 2017, will bear a fixed coupon of 8.5% (paid semi-annually) and be subject to incurrence based covenants only, consistent with international high-yield transactions. Listing of the notes on Nasdaq OMX Stockholm will take place within five months after settlement. Proceeds will be used to refinance existing loans related to Nordic Capital Fund VII's acquisition of Orc Group AB.

The transaction was well received by the market, as evidenced by a very strong demand with the offering  oversubscribed and closed already before completion of the investor road show.

"With this financing solution in place, Orc is geared to develop its business and to break new ground as one of the strongest global brands in the financial technology industry. Securing long-term financing in such short time following the launch of the bond issue transaction is a welcome and rare milestone, which reflects the great trust in Orc as a business partner and supplier, and as a quality investment," says Per E. Larsson, Chairman, Orc Group AB.

"We welcome the successful completion of this bond issue, which means that Orc has secured low leverage financing together with a firm commitment from our owners. This empowers our management team to continue developing and positioning Orc as a leading provider of technology and services for the global financial industry," says Torben Munch, CEO, Orc Group AB.

"Nordic Capital is very satisfied with the result of Orc's bond issue. Companies need financing solutions that are adapted to their specific characteristics and situation. For many companies, the bond market is an interesting complement to conventional bank financing and the high yield bond market is expected to play a more prominent role in the financing of private equity owned companies in the future. Nordic Capital believes a well-functioning Nordic bond market will provide companies with interesting new financing solutions and be beneficial for the Nordic economies in general. The Orc bond quickly became oversubscribed - a strong testimony to the investor community's confidence in Orc, and ultimately in Nordic Capital as an owner," says Mark Bulmer, Partner and Head of Banking, NC Advisory (UK) LLP, advisor to the Nordic Capital funds.

For more information, please contact:

Christine Blinke, Chief Marketing Officer, Orc Group AB
Tel: +46 709 01 02 01, christine.blinke@orc_group.com

Katarina Janerud, Communications Manager, NC Advisory AB
Tel: +46 709 69 69 99, katarina.janerud@nordiccapital.com

About Orc 
Orc is a leading provider of technology and services for the global financial industry. Since 1987, Orc delivers trading and market access solutions used by proprietary trading and market making firms, investment  banks, hedge funds and brokerage houses worldwide. Orc develops and provides  the tools needed for running profitable trading or brokerage businesses in today's competitive and ever-changing markets. With market presence in all major global financial centers, Orc provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions. Orc is owned by Nordic Capital Fund VII. www.orc-group.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 in Northern Europe and 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.