APRIL 18 2012
Nordic Capital was awarded Nordic Deal of the Year at the 11th Real Deals Private Equity Awards, recognising the best of European private equity in 2011. The awards were held in London on April 17.
The analysis of the shortlisted nominees was conducted by a team from Cass Business School and the Jury declared that the sale of Point International ("Point") to VeriFone Systems, Inc., was the winner of the Nordic Deal of the Year award in close competition with another Nordic Capital deal; the Nycomed exit. This is the first time in the Real Deals Awards' history that one buyout house have had two nominees in the same category.
Under Nordic Capital Fund V's seven year ownership, Point expanded to become Europe's leading provider of electronic payment solutions. The outstanding growth of Point has been driven by a defined strategy for market leadership through investments.
"Point has had fantastic growth, with sales close to five times higher than at the time of acquisition and taken the position as the leader in advanced payment services in Europe. Nordic Capital has supported the management to make significant R&D investments and do strategic add-on acquisitions, creating value and sustainable growth opportunities, and thereby ensuring that Point remains a European leader in a field that has a tremendous growth potential", said Fredrik Näslund, Partner, NC Advisory AB, advisor to the Nordic Capital Funds at the time of the exit.
For further information about the exit of Point International and other recent deals made by Nordic Capital please see www.nordiccapital.com.