Nordic Capital, the Sweden-based private equity firm, has acquired Resman AS, the Norway-based company, which provides downhole wireless inflow monitoring for oil wells, from group of vendors. The group of vendors include, Statoil Technology Invest AS, the Norway based private equity arm of Statoil ASA, Verdane Capital Advisors AS, the Norway-based private equity firm and Sintef Venture AS, the Norway private equity arm of SINTEF. Nordic Capital has made acquisition through its Sweden-based fund, Nordic Capital Fund VIII. Resman AS had generated revenues of NOK 210m (EUR 23.27m) for the year 2014 and has a workforce of approximately 65 people.
Nordic Capital seeks to invest in large and middle-market companies primarily in Northern Europe and the DACH region, selectively in European businesses from its core sectors and some cases in global healthcare businesses. It prefers to take majority ownership in its portfolio companies and usually holds its investments for 3 to 7 years. Nordic Capital invests in five core sectors, including healthcare, technology, financial services and payments, industrial goods and services and consumer and retail sectors.
Since inception it invested around EUR 12bn in approximately 100 companies as of May 2018. Nordic Capital funds have assets under management of approximately EUR 10bn. It is currently investing via Nordic Capital Fund VIII L.P., which closed in 2013 with EUR 3.5bn of capital commitments. In May 2017 it launched its ninth buyout fund, Nordic Capital Fund IX L.P., targeting EUR 3.5bn. The fundraising for its ninth fund closed in May 2018 at EUR 4.3bn. Limited partners in the fund include pension funds (35%), financial institutions and endowments (15%), fund-of-funds (15%), family offices (15%), and sovereign wealth funds (20%).
The active funds are based in Jersey and are advised by Nordic Capital’s advisory teams based in in Stockholm, Copenhagen, Helsinki, Oslo, Frankfurt and London.
Nordic Capital was founded in 1989 and is based in Stockholm, Sweden with seven offices across Europe.
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