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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.

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.

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.

 

 

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