DECEMBER 19 2018
Nordic Capital is delighted to have won “Exit of the Year,” awarded by the Swedish Venture Capital Association (SVCA). The award ceremony took place on December 18 in Stockholm.
The award recognises Nordic Capital’s highly successful sale of Bambora, a global payment service provider, to Ingenico Group, a world-leading payment service provider company based in France. The deal, valued at EUR 1.5 billion, is one of the most successful payments transactions globally to date.
During its three-year ownership period, Nordic Capital helped Bambora grow into a global payments market leader, executing a carefully crafted acquisition strategy and making significant investment in products, capability and the organisational framework. During this time, the business expanded its operations into new markets including Norway, Denmark, Finland, the US, Canada, Switzerland, Australia and New Zealand, serving customers in over 70 markets, and the number of employees grew from 50 to more than 700 people at the time of the exit. These initiatives accelerated the business to reach the highest organic growth in the segment.
Fredrik Näslund, Partner at the Advisor to the Nordic Capital Funds, said: “Nordic Capital is very proud to have won this prestigious award, which is a great credit to the hard work and dedication of the team behind Bambora. It is an excellent example of entrepreneurial business innovation, and another great “Swedish Unicorn” leveraging strong local tech capabilities to create a global digital leader.”
Fredrik Näslund added: “Operational improvement is key to ownership excellence, which lies at the heart of Nordic Capital’s approach to value creation. Working in close collaboration with portfolio companies’ management teams, Nordic Capital contributes significantly in this area in order to create growth and value faster.”
Media contacts: Nordic Capital
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 13 billion in over 100 investments. The most recent fund is Nordic Capital Fund IX with EUR 4.3 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds and vehicles are based in Jersey and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital, please visit www.nordiccapital.com