Nordic Capital – COVID-19 Update
The global corona virus outbreak COVID-19 is, first and foremost, a humanitarian challenge. Our top priority is to ensure the safety and well-being of Nordic Capital and portfolio company employees, as well as our investors, our portfolio company customers and other stakeholders. As a healthcare investor, we are particularly conscious of ensuring the safety of health workers and patients. We are also fully supportive of government action to contain the pandemic and protect people.
At Nordic Capital, we have taken all possible precautionary measures. Our employees are working from home and we have restricted business travels and large gatherings. We encourage the use of video conferencing systems and other technological platforms to stay connected and are replacing physical meetings with virtual meetings. Having implemented these changes, our team remains fully operational and we are well prepared to meet the demands of the crisis. We have also taken the decision to replace our Annual Investor Meeting with a live streaming event to facilitate safe and close dialogue with our investors.
During our more than 30 years, Nordic Capital has been through several downturns and we are well resourced to meet new challenges with robust action plans. However, COVID-19 of course presents an unprecedented situation that now needs our full focus. Nordic Capital has a responsibility to its portfolio companies, and we are doing our utmost to support them. The coronavirus and its impact pose a critical issue for the boards and management of those companies who are taking all possible steps to safeguard their employees, operations, and the interests of their stakeholders, in line with advice from the WHO, relevant governments and health authorities. We expect and urge our portfolio companies to put safety first, protect the interests of their employees, customers and business contacts and take all necessary precautions to prevent the further spread of the virus.
All portfolio companies are actively assessing the impact on their own businesses and making contingency plans accordingly and Nordic Capital, as an active owner, is working to support their short- and long-term performance and prepare them for a more uncertain business environment. This work includes in-depth assessments on a regular basis, allocating analytical and operational resources, sharing best practices and ensuring that precautionary actions are prioritised across the portfolio.
We recognise that this is a very challenging time for many people across the world and we stand alongside our community as we together work to weather this storm until it passes.