Cubera Private Equity

NORDIC SECONDARY SPECIALIST

EQT VI to list Terveystalo on Nasdaq Helsinki

Terveystalo is planning an initial public offering and a listing on Nasdaq Helsinki. The IPO has been oversubscribed.

Terveystalo (established in 2001) is headquartered in Helsinki and employs 6,800 healthcare professionals through a nationwide network of 17 hospitals and over 170 units. Since 2001 the company has made approximately 140 acquisitions. Today, the company is the Finnish market leader in occupational and private healthcare services, with around 500,000 occupational healthcare customers and 2.5 million doctor visits in 2015. EQT VI acquired the company in 2013.

 

Nordic Capital Fund VII lists Handicare on Nasdaq Stockholm

Handicare Group AB, a Nordic Capital Fund VII-backed global provider of mobility solutions for the disabled and elderly, today announced the successful listing of its shares on the Nasdaq Stockholm Exchange.

Nordic Capital Fund VII acquired Handicare in 2010. The Company’s offering encompasses a comprehensive range of straight and curved stairlifts, transfer, lifting and repositioning aids, vehicle adaptations and medical equipment. In 2016 Handicare reported revenues of 260 million and has ~1150 employees.

IK Fund 2007 to divest Schenck Process to Blackstone

IK Investment Partners announce that the IK 2007 Fund has reached an agreement with Blackstone to sell Schenck Process, a global market leader in measuring and process technology.

Headquartered in Darmstadt, Germany, Schenck develops and manufactures innovative solutions for a wide range of industrial processes including weighing, feeding, conveying and filtration. With over 2,300 employees’ worldwide and significant operations across Europe, North and South America, China, India and Australia, Schenck serves a diversified customer base across a variety of industries, including food, chemicals, mining and construction.

 

Nordic Capital Fund VII exits Tokmanni

Nordic Capital Fund VII has sold all of its remaining shares in Tokmanni Group Corporation, the largest general discount retail chain in Finland

After tracking the business for several years, Nordic Capital acquired Tokmanni in 2012.Over the last six years, Tokmanni’s revenues increased from EUR 650 mn (2011) to EUR 776 mn (2016). In the same period, the number of employees grew from 2,900 to 3,200 and Tokmanni opened 18 new stores.

In April 2016, Tokmanni was successfully listed on Nasdaq Helsinki at an equity value of approximately EUR 394 million.

FSN Capital III divests Vindora to Academedia

FSN Capital III has entered into an agreement to divest Vindora to AcadeMedia, Northern Europe´s largest education company.

Vindora is an education provider primarily active in the upper secondary segment, with a market leading position in apprentice based vocational education. Academedia  provides an educational offering spanning from pre-schools to adult education and operates approximately 550 units across Sweden, Norway and Germany.

FSN Capital's ownership period lasted nearly eight years.

Herkules III sold Enoro to Hansen Technologies in Australia

Herkules III and management shareholders in Enoro have signed an agreement to sell Enoro to the Australian Hansen Technologies.

Hansen Technologies is a publicly traded company on the Australian stock exchange that delivers customer care and billing solutions to the energy, utilities, Pay TV, and telecommunications industries worldwide.

Herkules III acquired Elis in 2010 with the ambition to create a Nordic software provider in the utilities sector. Two add-on acquisitions were made in 2011 and the company was rebranded Enoro in 2012.  Enoro is today providing customer information systems and meter and energy data management. The company has operations in Norway, Sweden, Finland, Switzerland, Germany and the Netherlands. 

FSN Capital III sells its majority shareholding in Lagkagehuset

Nordic Capital will acquire the entire FSN Capital's majority shareholding in Lagkagehuset along with the two founders, Ole Kristoffersen’s and Steen Skallebæk’s shares in Lagkagehuset.

Lagkagehuset is a bakery chain with 68 stores in Denmark and a presence in the UK. They sell their artisanal breads, cakes and pastries as well as other food, teas and coffee through large traditional bakeries to smaller urban food-to-go outlets. 

FSN acquired the company in 2008. The company reported revenues of DKK 665 million in 2016 and a total of 1,800 employees. The company grew by 20 per cent in 2016.

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