Annual and Sustainability Review 2023 | Nordic Capital

Nordic Capital Annual and Sustainability Review 2023

MAY 16 2024

Despite the challenging macroeconomic landscape and continuing geopolitical turmoil, 2023 was a testament to Nordic Capital’s resilience and innovation.

In spite of the global economic slowdown in 2023, which gradually showed signs of recovery towards the year-end, Nordic Capital successfully navigated exits and deals with a balanced approach. The year witnessed its continued robust performance, marked by seven platform acquisitions and three divestments. By adopting a subsector mindset, Nordic Capital maintains its place at the forefront of the industry, collaborating with the world’s most exciting companies and attracting top talent globally. At the close of 2023, the portfolio consisted of 52 companies, and the Nordic Capital team comprised over 230 individuals across fund and advisory teams.

In 2023, Nordic Capital continued to focus on its subsector specialism, which has proven successful in navigating volatile market conditions and maintaining industry leadership. Key milestones from the year include an organic EBITDA growth of 20% (like-for-like growth over the prior year across all funds and vehicles). Additionally, Nordic Capital promoted 24 individuals and four new partners across its fund and advisory teams.

Furthermore, Nordic Capital's commitment to responsible investment and sustainability strategies has continuously been a key priority. Nordic Capital believes responsible business practices are essential for long-term success and value creation. Noteworthy achievements in 2023 include developing training programmes, ethical guidelines and policy frameworks to ensure the responsible integration of AI technologies and increased focus on decarbonisation. Additionally, Nordic Capital achieved recognition among the top 10% performers in UN PRI reporting modules

”Recent years have brought uncertainty and challenges to all businesses. However, we are pleased to maintain strong momentum, leveraging our deep sector expertise and extensive experience, which are invaluable in times of uncertainty” said Kristoffer Melinder, Managing Partner, Nordic Capital Advisors.

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