Nordic Capital wins Operational Excellence Award, for second consecutive year
Oct 07, 2013
Nordic Capital has won the EMEA upper mid-cap
award at the Private Equity International Operational Excellence
Awards for the second consecutive year. The Award, announced on Oct
4, 2013, is designed to recognise private equity managers' ability
to demonstrate their value creation credentials. Nordic Capital was
rewarded for its support of Permobil during its ownership
period.
"This was a lovely story - global expansion, the
professionalisation of a niche business...textbook stuff," said
Carol Kennedy, judge at the Operational Excellence
Award's.
"Nordic was the clear winner here, for the whole piece -
the philosophy, what they did to expand the business and also the
return they made," added Ludovic Phalippou, a member of the judging
panel.
During Nordic Capital's seven year ownership, Permobil was
transformed from a Swedish family run business into a global leader
in advanced power wheelchairs. Nordic Capital supported Permobil's
strategy of investing in product development, expanding into new
markets and improving its supply chain.
"We are delighted to have won this Award for a second
consecutive year and believe it is testament to Nordic Capital's
committed ownership approach and drive for operational excellence.
With support, as well as some patience, from the owners, the
management team was able to transform Permobil from a diamond in
the rough into a real jewel," said Fredrik Näslund, Partner, NC
Advisory AB, advisor to the Nordic Capital funds and previous board
member of Permobil.
For further information about Permobil and other recent
deals made by Nordic Capital funds, please visit
www.nordiccapital.com.
Contact information:
Katarina Janerud, Communications Manager,
NC Advisory AB, advisor to the Nordic Capital funds
Email: katarina.janerud@nordiccapital.com
Tel. +46 8 440 50 69
About Nordic Capital
Nordic Capital invests in medium and large companies,
primarily in the Nordic region and Germany, and in healthcare
companies globally. Since 1989, Nordic Capital has supported value
creation in its investments through committed ownership and by
targeting strategic development and operational improvements,
making Nordic Capital a leading presence in Northern European
private equity. Committed capital is provided by international
institutional investors, such as pension funds, asset managers and
insurance companies. The 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 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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