MARCH 04 2024
Private Equity International announced that Nordic Capital has been honoured with the prestigious "Exit of the Year in EMEA" award at the PEI Awards 2023. During Nordic Capital's ownership, Macrobond achieved remarkable growth and sustainability enhancements.
Nordic Capital became the majority owner of Macrobond in 2018 and during a five-year ownership period, the Company underwent impressive transformation, evolving from a founder-led Nordic-centric organisation into a leading global technology platform.
Founded in 2008 in Malmö, Sweden, Macrobond set out to become the global platform of choice for financial and economic research. To enhance productivity and collaboration, Macrobond developed a leading workflow tool for time series, combining a comprehensive and accessible database with 300+ million macro and financial time series and powerful analytics capabilities for its customers.
Nordic Capital's strategic approach, characterised by its commitment to long-term investment, culminated in the successful exit of Macrobond from Nordic Capital IX in 2023.
PEI Awards, which is now in its 22nd year, is highly regarded within the industry and celebrates notable achievements in Private Equity.
Emil Anderson, Partner at Nordic Capital Advisors, said: "During Nordic Capital's ownership, Macrobond saw its annual contract value (ACV) more than triple, resulting in a remarkable 34% year-on-year growth. This impressive expansion can be attributed to Macrobond's unique blend of software excellence, comprehensive data offering and top-tier user experience, resulting in seamless workflows that set it apart from competitors. Nordic Capital's hands-on approach, deep understanding of the tech landscape and ability to drive global expansion have played essential roles in the company's growth”.
Kristoffer Melinder, Managing Partner at Nordic Capital Advisors, said: “The successful exit of Macrobond, despite the challenging market conditions, underscores Nordic Capital's strength in achieving strong tech exits. This award is an excellent testament not only to Nordic Capital, but also to the collective achievements of Macrobond’s management and our investment advisory team."
For the complete list of PEI Award winners, please visit: PEI Awards 2023: Winners (privateequityinternational.com)
About Nordic Capital
Nordic Capital is a leading sector-specialist private equity investor 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 long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested EUR 23 billion in 140 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com.
“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors.”
Media contacts:
Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com
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