NC Advisory AB wins final judgement over Tax Agency – Supreme Administrative Court denies leave to appeal
November 05 2014
Information regarding tax case:
The Swedish Supreme Administrative Court has denied the Swedish Tax Agency's leave to appeal. This confirms the previous clear ruling from the Administrative Court of Appeal in December 2013 that the company has paid tax in accordance with applicable law.
"The ruling by the Administrative Court of Appeal is clear, and we are pleased that we are now able to conclude these legal proceedings." says Joakim Karlsson, Managing Partner, NC Advisory AB, advisor to the Nordic Capital Funds.
"It is positive for Sweden that we now have a legal ruling in place that encourages private equity funds, their advisors as well as international investors to invest in Sweden. Sweden as a country has thereby demonstrated awareness of the private equity industry's value for building a stronger, more enterprising Sweden," adds Kristoffer Melinder, also Managing Partner at NC Advisory AB, advisor to the Nordic Capital Funds.
The court ruling at issue concerns fiscal years 2007-08.
Katarina Janerud, Communication
NC Advisory AB, advisor to the Nordic Capital Funds
tel. +46 8 440 50 69
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 19 billion in over 120 investments. The most recent entities are Nordic Capital X with EUR 6.1 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 and Norway. For further information about Nordic Capital, please visit www.nordiccapital.com.