Nordax

Business Description

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 listed on Nasdaq Stockholm in 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 February 2018, Nordic Capital together with Sampo plc, launched a joint recommended mandatory cash offer to the shareholders in Nordax. The offer was completed in the beginning of April 2018 and Nordax was consequently delisted from Nasdaq Stockholm on April 24, 2018. For more information please see www.ndxintressenter.com

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

Sector

Financial Services

Key Information

Revenues 2020*, **

EUR 180 million

Employees

285

Ownership

Fund VIII

Head office

Stockholm, Sweden

Investment date

2017

* Reported, ** Operating Income