MAY 04 2017
Nordic Capital is very pleased to have won the 'Excellence in Procurement Award', a Private Equity International Operational Excellence Award, for its cross-portfolio initiative, Nordic Capital Procurement Optimisation ("NCPO"). Sponsored and led by Nordic Capital, NCPO is now a sustainable community of professionals working across Nordic Capital's portfolio companies, creating savings in procurement and building long term competitive advantage through effective sourcing and management of supplier relationships.
Bob Kickham, exclusive Industrial Advisor to Nordic Capital and Head of NCPO explains: "Since establishing NCPO seven years ago, Nordic Capital has created a virtuous cycle where consistent investment into capability and community building, a relentless pursuit of sharing best practices, and effective coordination of purchasing volumes across several categories has resulted in significant savings for its portfolio companies".
"NCPO is managed by Anne Christiansen, Procurement Manager & NCPO Coordinator, who ensures the onboarding of new Nordic Capital Portfolio into the various programs and frame agreements and therefore Anne is the focal point for managing relationships with suppliers and portfolio companies in relation to procurement", Bob Kickham continues.
The award was presented by Declan Feeney of procurement consultancy Efficio at the Private Equity International Operating Partners Forum Europe on May 3.He said: "The Nordic Capital NCPO approach of generating value across multiple companies stood out from the competition as thoroughly deserving of this award." The jury commented that "the NCPO modelhas delivered excellent results and impressive value creation. It has the scale to make it worth Nordic Capital devoting senior resource to it and is therefore sustainable long term"
In recent years, several initiatives have been launched across Nordic Capital's portfolio with the aim of accelerating the sharing of best practice and portfolio company learnings in order to accelerate operational development and support value creation.
"Nordic Capital is very proud to receive another operational excellence award and this time to be recognised as a leader in cross-portfolio procurement, thanks to the relentless efforts of a great team. NCPO is, as one of the cross-portfolio initiatives, one of the pillars in Nordic Capital's ownership excellence approach. This award is further testimony of Nordic Capital's ability to support its portfolio companies through committed ownership and a constant drive to achieve operational excellence," says Lars Terney, Partner, NC Advisory A/S, advisor to the Nordic Capital Funds.
Nordic Capital has previously won the Private Equity International Operational Excellence Award for its support of Thule in 2015, Permobil in 2013 and Nycomed in 2012. For further information about Nordic Capital, please visit www.nordiccapital.com.
Press contact:
Katarina Janerud,
Communication Manager,
NC Advisory AB, advisor to the Nordic Capital Funds
Tel: +46 8 440 50 69
e-mail: katarina.janerud@nordiccapital.com
For information regarding NCPO pleasecontact: anne.christiansen@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. The 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.