Nordic Capital sells its holding in FinnvedenBulten AB
Mar 06, 2014
Nordic Capital Fund V ("Nordic Capital") has, through
Finnveden S.à r.l, an indirectly owned company, sold its entire
holding of 4 874 273 shares, corresponding to 23.2% of the shares
in FinnvedenBulten AB ("FinnvedenBulten") to institutional
investors. The transaction took place on March 5, and following the
sale, Nordic Capital no longer holds any shares in
FinnvedenBulten.
"It has been an exciting journey since Nordic Capital's
acquisition in 2005. After many years of intensive industrial work,
the company now has an attractive platform for continued growth.
Nordic Capital has great confidence in FinnvedenBulten's management
and board and their ability to continue to develop the company. It
is very positive to be able to hand over the long-term majority
ownership to Volito, which has increased its ownership to over
20%," says Ulf Rosberg, Senior Advisor, NC Advisory AB, advisor to
the Nordic Capital Funds.
Nordic Capital acquired FinnvedenBulten in 2005 through a
public offering from the then Stockholm Stock Exchange. The main
purpose of the acquisition was to make major investments, as well
as to further develop and refine the business, increasing the focus
on growth. During Nordic Capital's ownership period FinnvedenBulten
was consolidated following the divestment of two business areas;
Bufab was established as an independent company and Finnveden
Powertrain was divested. Post the consolidation, FinnvedenBulten,
expanded organically and improved its geographic presence and was
re-listed on NASDAQ OMX Stockholm in May 2011 as a profitable and
competitive company.
Contact information:
Nordic Capital
Katarina Janerud, Communication Manager
NC Advisory AB, advisor to the Nordic Capital Funds.
tel. +46 8 440 50 50
e-mail: katarina.janerud@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. Additional information about
Nordic Capital is available at www.nordiccapital.com
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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