APRIL 09 2014
Nordic Capital was awarded Exit of the Year at the "Private Equity 2014" awards, hosted by the Swedish Private Equity & Venture Capital Association on April 8 in Stockholm.
The successful deal was the sale of Permobil, the global leader in manufacturing of powered wheelchairs to Investor AB. The transaction valued the company at an enterprise value of SEK 5,500 million (EUR 655 million) of which 5,100 million cash and 400 million in a performance based potential future earn-out payment.
The jury stated;
"Through operational improvements and organic growth, combined with strategic acquisitions, the company has been able to transform itself from a family owned business to a global market leader. During the holding period, the company doubled its sales as well as improving its operating margin. The exit process was carried out in a short timeframe with great interest from both industrial and financial buyers."
It is the second time Nordic Capital has received the SVCA award for Exit of the Year. Prior to this, Nycomed won the same accolade in 2012.
For further information about Nordic Capital and Permobil please see www.nordiccapital.com .
About Nordic Capital
Nordic Capital private equity funds have invested in mid-market companies primarily in the Nordic region since 1989. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital enables value creation in its investments. Nordic Capital Funds invest in companies in northern Europe and in selected investment opportunities internationally. The most recent fund is Nordic Capital Fund VIII with EUR 3.5 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory companies in Sweden, Denmark, Finland, Norway, Germany and the UK.