JANUARY 12 2016
Olof Faxander has joined the advisor to the Nordic Capital Funds as Operating Partner and will co-head of the Operations team alongside Lars Terney, Partner, NC Advisory A/S. Olof has substantial industrial experience, most recently as CEO of a large listed Swedish company, Sandvik. His experience and skills will enable him to play a key role in supporting Nordic Capital's portfolio companies to build strong and internationally competitive positions. Olof's primary objectives will be to support an accelerated value creation in existing portfolio companies, assist in evaluating new investment opportunities, and support the on-boarding of new portfolio companies that typically enter an intensive development phase.
"There are few leaders in his generation with the international and industrial leadership experience of Olof Faxander. We are delighted to have him as part of our team to strengthen the focus on operational excellence. He will play a key role in Nordic Capital's continuous efforts to support portfolio companies to become more competitive and successful", says Joakim Karlsson, Managing Partner, NC Advisory AB, advisor to the Nordic Capital Funds.
"This is a new role for me and I really look forward to taking a new perspective. In every industry, companies constantly need to adapt to changing business conditions, technological development and new demands from customers and consumers. I look forward to working with Nordic Capital to support active and committed ownership that creates companies that deliver long term success", says Olof Faxander.
Olof Faxander has had a long career in Swedish industry as CEO of Sandvik 2011-2015 and SSAB 2006-2011. Prior to that he was Executive Vice President in Outokumpu Group. He holds a M.Sc. in Engineering from the Swedish Royal Institute of Technology and a B.Sc. in Business from the Stockholm University.
Nordic Capital continues to expand and strengthen its Operations Team, who will support portfolio company boards and the advisor in operational development and value creation. This includes three new Operations Directors: Henrik Sandreus (Munters and Arthur D. Little); Martin Ekström from Luvata and Applied Value LLC; and Henrik Engsner (FSN, Spencer Stuart, Russell Reynolds, and McKinsey) with responsibility for Strategic HR and Talent Development in the portfolio companies.
Press contact:
Nordic Capital
Katarina Janerud, Communications Manager,
NC Advisory AB, advisor to the Nordic Capital Funds
tel: +46 8 440 50 50
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. For further information about Nordic Capital please see www.nordiccapital.com