Cubera Private Equity

NORDIC SECONDARY SPECIALIST

Enoro sold 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.

EQT VI sells Færch Plast to Advent International

EQT VI sells Færch Plast, a provider of customized plastic packaging solutions for the food industry, to Advent International.

EQT VI acquired Færch Plast in 2014 with the ambition to drive continued organic growth, increase profitability through product optimization and explore M&A opportunities to gain immediate scale.

Færch Plast was founded in 1969 and is headquartered in Holstebro, Denmark. The Company is a provider of customized plastic packaging trays for the food industry and manufactures more than 5 billion trays annually. Færch Plast offers a full range of rigid plastic trays within Fresh Meat, Food-to-Go and Ready Meals, and today the Company has leading positions within its target segments across Europe. Færch Plast employs more than 1,100 people with local operations in more than 15 countries. creation initiatives driven under EQT VI’s ownership, Færch Plast has approximately doubled both revenue and EBITDA since the acquisition.

Nordic Capital VII and Avista announce sale and placing of shares in ConvaTec

Nordic Capital VII and Avista announce the proposed sale of a 19.95% shareholding in ConvaTec to Novo A/S, the investment holding company of the Novo Nordisk Foundation, and a proposed placing of approximately 375 million ordinary shares.

ConvaTec is a leading developer and marketer of innovative medical technologies. With four key business divisions: Advanced Wound Care, Ostomy Care, Continence and Critical Care (CCC) and Infusion Devices, ConvaTec support health care professionals from the hospital to the community health setting. The company has operations in over 100 countries serving consumers and health care professionals on six continents. ConvaTec Group Plc was listed on the London Stock Exchange in October 2016. 

Nordic Capital VII completes exit of Europris

Nordic Capital Fund VII has sold its remaining shares in Europris ASA, a leading Norwegian variety discount retailer, through an substantially oversubscribed bookbuilding.

Nordic Capital acquired Europris in 2012. Since then Europris has strengthened its market position in Norway through improved customer offerings, further rollout of approximately 40 stores during the ownership period and investments in the existing store portfolio. The company holds a strong low price position and has an efficient sourcing strategy with direct access to manufacturers.

 

 

Axcel IV completes exit of Nordic Waterproofing

Axcel IV and KIRKBI Invest have sold its remaining shares in Nordic Waterproofing, a leading provider in the waterproofing market in northern Europe, through an accelerated bookbuilding to Swedish and international institutional investors.

Nordic Waterproofing, in its current form, was established in 2011 by Axcel, by means of a merger of the Swedish and Danish waterproofing subsidiaries of Trelleborg AB’s and Lemminkäinen Oy’s roof installation businesses. The Company markets its products and solutions under nine brands, all with an extensive heritage, most of which are among the most established and well-recognized brands in waterproofing in their respective markets. Nordic Waterproofing is listed in the Mid Cap segment on Nasdaq Stockholm with the stock ticker NWG.

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