Nordic Capital awarded Exit of the Year for Permobil
Apr 09, 2014
Nordic Capital was awarded Exit of the Year at the
"Private Equity 2014" awards, hosted by the Swedish Private Equity
& Venture Capital Association on April 8 in
Stockholm.
The successful deal was the sale of Permobil, the global
leader in manufacturing of powered wheelchairs to Investor AB. The
transaction valued the company at an enterprise value of SEK 5,500
million (EUR 655 million) of which 5,100 million cash and 400
million in a performance based potential future earn-out
payment.
The jury stated;
"Through operational improvements and organic growth,
combined with strategic acquisitions, the company has been able to
transform itself from a family owned business to a global market
leader. During the holding period, the company doubled its sales as
well as improving its operating margin. The exit process was
carried out in a short timeframe with great interest from both
industrial and financial buyers."
It is the second time Nordic Capital has received the SVCA
award for Exit of the Year. Prior to this, Nycomed won the same
accolade in 2012.
For further information about Nordic Capital and Permobil
please see www.nordiccapital.com
.
About Nordic Capital
Nordic Capital private equity funds have invested in
mid-market companies primarily in the Nordic region since 1989.
Through committed ownership and by targeting strategic development
and operational improvements, Nordic Capital enables value creation
in its investments. Nordic Capital Funds invest in companies in
northern Europe and in selected investment opportunities
internationally. The most recent fund is Nordic Capital Fund
VIII with EUR 3.5 billion in committed capital, principally
provided by international institutional investors such as pension
funds. 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.
About Nordic Capital Private Equity Funds
Since the start in 1989, Nordic Capital Private Equity Funds
have invested in large and medium sized companies, primarily in
Northern Europe. Through committed ownership and by targeting
strategic development and operational improvements, Nordic Capital
creates value in its investments. The funds invest in companies in
Northern Europe and in selected investment opportunities
internationally. They are based in Jersey, Channel Islands, and are
advised by the NC Advisory companies in Sweden, Denmark, Finland,
Norway, Germany and the UK. Additional information about Nordic
Capital is available through its corporate website, www.nordiccapital.com.
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