Nordic Capital awarded Nordic Deal of the Year
April 18 2012
Nordic Capital was awarded Nordic Deal of the Year at the 11th Real Deals Private Equity Awards, recognising the best of European private equity in 2011. The awards were held in London on April 17.
The analysis of the shortlisted nominees was conducted by a team from Cass Business School and the Jury declared that the sale of Point International ("Point") to VeriFone Systems, Inc., was the winner of the Nordic Deal of the Year award in close competition with another Nordic Capital deal; the Nycomed exit. This is the first time in the Real Deals Awards' history that one buyout house have had two nominees in the same category.
Under Nordic Capital Fund V's seven year ownership, Point expanded to become Europe's leading provider of electronic payment solutions. The outstanding growth of Point has been driven by a defined strategy for market leadership through investments.
"Point has had fantastic growth, with sales close to five times higher than at the time of acquisition and taken the position as the leader in advanced payment services in Europe. Nordic Capital has supported the management to make significant R&D investments and do strategic add-on acquisitions, creating value and sustainable growth opportunities, and thereby ensuring that Point remains a European leader in a field that has a tremendous growth potential", said Fredrik Näslund, Partner, NC Advisory AB, advisor to the Nordic Capital Funds at the time of the exit.
For further information about the exit of Point International and other recent deals made by Nordic Capital please see www.nordiccapital.com.
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.