MARCH 03 2021
The Financial Times has named Nordic Capital’s Trustly and Signicat in its list of fastest growing companies in Europe. Now in its fifth year, “The FT 1000: Europe’s Fastest Growing Companies 2021” is a list of the top 1,000 companies in Europe that have achieved the highest percentage growth in revenues between 2016 and 2019. The minimum average growth rate required to be included in the ranking this year was 35.5 per cent.
Kristoffer Melinder, Managing Partner, Nordic Capital Advisors commented: "We are hugely proud that two of Nordic Capital’s portfolio companies have been recognised on this list, testament to the strength and growth of the businesses that Nordic Capital backs. Both Trustly and Signicat are great examples of how Nordic Capital builds businesses to become leading players in their markets and we are delighted to be a part of their growth journey.”
Trustly is the world’s leading online account-to-account payments provider and has partnerships with merchants across Europe. Nordic Capital acquired the business in 2018 and has since enabled the business to expand internationally as well as through investment in products and infrastructure. In June 2020, the business announced a strategic minority investment by a consortium of investors to support further growth and expansion.
Signicat, the Trusted Digital Identity company, is one of only eight Norwegian companies named in this prestigious list. For the past fourteen years, Signicat has averaged 40% organic growth year on year whilst also expanding its operations through the acquisitions of Norwegian trust services provider Idfy in 2019 and the leading Dutch identity specialist Connectis in 2020. The two acquisitions have enabled Signicat to take a strategic foothold in Europe to create the most comprehensive digital identity platform in the European market.
The FT 1000 list is compiled jointly with Statista, a German company specializing in consumer and market data, which processes all the data reported by companies through strict and formal vetting procedures. The minimum average growth rate required to be included in the ranking this year was 35.5 per cent compared to 38.4 per cent minimum growth in 2020 and 37.7 per cent in 2019. The full list of the 2021 FT 1000 rankings can be found here.
Press contact:
Nordic Capital
Katarina Janerud, Communications Manager
Nordic Capital Advisors
Tel: + 46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com
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 more than EUR 16 billion in over 110 investments. The most recent fund is Nordic Capital Fund X with EUR 6.1 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, Denmark, Finland, Norway, Germany, the UK and the US. For further information about Nordic Capital, please visit www.nordiccapital.com
Footnote: “Nordic Capital” refers to any, or all, Nordic Capital branded funds and vehicles and associated entities. Nordic Capital is advised by several non-discretionary sub-advisory entities, any or all of which is referred to as “Nordic Capital Advisors”.