Nordax Group AB (publ) is a leading niche bank in Northern Europe focusing on large, long duration personal loans and deposit accounts.

Nordax was established in 2003 and is listed on Nasdaq Stockholm since June 2015. It has approximately 120,000 loan customers and 28,000 savings customers and is operating from a centralised platform in Stockholm.

In October 2017, Nordic Capital Fund VIII acquired 9.96% of the listed shares in Nordax thereby becoming the largest shareholder in Nordax. In addition the Fund entered into call option agreements which entitled Nordic Capital Fund VIII to acquire an additional 12.44% of the shares in Nordax. These call option agreements were exercised on February 8, 2018.

Nordic Capital has a strong experience in the financial services sector and sees Nordax as an interesting company with strong potential going forward.

On February 8, 2018, Nordic Capital Fund VIII and Sampo plc, through NDX Intressenter AB, announced a joint recommended public cash offer to the shareholders in Nordax Group AB (publ) to acquire all outstanding shares in Nordax. For more information please see

Key Information

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Revenues 2017*

EUR 149 million

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Head office

Stockholm, Sweden

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Investment date


* Gross Income