Nordic Capital has entered into a conditional agreement to sell its remaining shares in Saferoad

May 16 2018

Cidron Triangle S.à r.l. (“Cidron”), a company indirectly controlled by Nordic Capital Fund VII1), has entered into a conditional agreement with WR Start Up 225 AS (the “Offeror”), a company indirectly controlled by FSN Capital, for all of Cidron’s shares in Saferoad Holding ASA (publ.) (“Saferoad”) in connection with the Offeror’s launch of a recommended voluntary cash offer to acquire all shares in Saferoad (the “Offer”). Cidron agrees to sell its 19,480,645 shares (approximately 29.2%) to the Offeror for a purchase price of NOK 26 per share2), subject to completion of the Offer. Under Nordic Capital’s ownership, Saferoad has transformed into a European market leader in the attractive road safety and infrastructure solutions space now active in more than 20 countries in Europe.

Nordic Capital Fund VII acquired Saferoad in September 2008. During Nordic Capital’s ownership, Saferoad has transformed into a European market leader in the Road Safety and Road Infrastructure space now active in more than 20 countries. Saferoad was listed on the Oslo Stock Exchange in May 2017.

1) Nordic Capital Fund VII refers to Nordic Capital VII Limited, acting in its capacity as General Partner of Nordic Capital VII Alpha, L.P. and Nordic Capital VII Beta, L.P., together with associated co-investment vehicles.

2) Which amount shall be adjusted for any dividend or other leakages.

 

Press contact:

Katarina Janerud, Communications Manager
Advisor to the Nordic Capital Funds
Tel: +46 8 440 50 50 e-mail: katarina.janerud@nordiccapital.com

About Nordic Capital

Nordic Capital is a leading private equity investor in the Nordic region 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 proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 12 billion in close to 100 investments. The Nordic Capital Funds are based in Jersey and are advised by advisory companies, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com