M&A Deal Summary

Nordic Capital and ATP Private Equity Partners Acquires Lindorff Group AB

On July 18, 2014, private equity firms Nordic Capital and ATP Private Equity Partners acquired business services company Lindorff Group AB from Investor AB, Sponsor Capital and Altor Equity Partners for 2.3B EUR

Acquisition Highlights
  • This is Nordic Capital’s 2nd and ATP Private Equity Partners’ 3rd transaction in the Business Services sector.
  • This is Nordic Capital’s 2nd and ATP Private Equity Partners’ 7th largest (disclosed) transaction.
  • This is Nordic Capital’s 6th and ATP Private Equity Partners’ 1st transaction in Norway.
Investment Fate
  • Lindorff Group AB merged with another company in 2017.

M&A Deal Summary

Date 2014-07-18
Target Lindorff Group AB
Sector Business Services
Buyer(s) Nordic Capital
ATP Private Equity Partners
Sellers(s) Investor AB
Sponsor Capital
Altor Equity Partners
Deal Type Secondary Buyout
Deal Value 2.3B EUR

Target

Lindorff Group AB

Oslo, Norway
website
Lindorff is a full-service European credit management service provider. The company offers information services, payment services, invoicing services, debt collection, and debt purchase. Lindorff was founded in 1898 and is based in Oslo, Norway.

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Buyer(S) 2

Buyer

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 12.5B EUR
SizeMega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets middle-market company investments located in Scandinavia and Northern Europe. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and has offices in Stockholm, Copenhagen, London, Oslo, and Helsinki.


DEAL STATS #
Overall 76 of 120
Sector (Business Services) 2 of 5
Type (Secondary Buyout) 15 of 35
Country (Norway) 6 of 11
Year (2014) 5 of 9
Size (of disclosed) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-19 GHD GesundHeits GmbH

Ahrensburg, Germany

GHD GesundHeits is a system-relevant, Germany-wide supply company in the areas of rehabilitation, auxiliary and pharmaceutical therapies. GHD operates as a truly integrated business including the production of medical supplies and compounded pharmaceuticals, and strong wholesale and logistics activities. GHD GesundHeits was founded in 1992 and is based in Ahrensburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 La Foir'Fouille SA

Castelnau-le-Lez, France

La Foir’Fouille is the French joint leader in the distribution of low-cost household goods and leisure products. La Foir'Fouille was founded in 1975 and is based in Castelnau-le-Lez, France.

Buy -
Buyer

ATP Private Equity Partners

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B EUR
SizeMega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.


DEAL STATS #
Overall 27 of 43
Sector (Business Services) 3 of 3
Type (Secondary Buyout) 11 of 17
Country (Norway) 1 of 1
Year (2014) 3 of 4
Size (of disclosed) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-12 Medical Park Saglik Hizmetleri A.S

Istanbul, Turkey

Medical Park Group is a private hospital chain in Turkey with over 1,400 physicians and 3,300 beds across 23 hospitals. Medical Park was founded in 1995 and is based in Istanbul, Turkey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-15 PetSmart, Inc.

Phoenix, Arizona, United States

PetSmart is a specialty retailer and provider of pet products and services in North America. The Company also offers a selection of services, including professional grooming and boarding, as well as training and day camp for dogs. PetSmart was formed in 1986 and is based in Phoenix, Arizona.

Buy $8.7B

Seller(S) 3

SELLER

Investor AB

Stockholm, Sweden

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1916
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Investor AB is a Northern European industrial holding company. Investor generates long-term returns by investing in companies with solid potential for value creation. Investor will consider opportunities in the US, Northern Europe and Asia. Investor AB is based Stockholm.


DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Norway) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-06 Gambro AB

Stockholm, Sweden

Gambro is a global medical technology company and a leader in developing, manufacturing and supplying products, therapies and services for In-center Care and Self Care hemodialysis, Peritoneal Dialysis, Renal Intensive Care and Hepatic Care. Gambro was founded in 1964 and has more than 8,000 employees, production facilities in 11 countries, sales subsidiaries in more than 40 and sales in more than 100 countries.

Sell $3.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-27 Hi3G Access AB

Stockholm,, Sweden

Hi3G Access AB an operator providing mobile voice and broadband services in Sweden and Denmark. The company has more than 2.7 million subscribers and is recognized for its high-quality network.

Buy -
SELLER

Sponsor Capital

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 582M EUR
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Sponsor Capital is a private equity group focused on acquiring and investing in Finnish companies looking to expand abroad. The Firm targets profitable, stable businesses with €15 to €150 million in revenue. Prospective transaction situations include buyouts, growth capital financings, restructurings, family successions, divestitures, and privatizations. Sponsor Capital was established in 1997 and is headquartered in Helsinki.


DEAL STATS #
Overall 12 of 21
Sector (Business Services) 2 of 3
Type (Secondary Buyout) 3 of 5
Country (Norway) 1 of 1
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-13 Suomen Lämpöikkuna Oy

Oulu, Finland

Suomen Lämpöikkuna and its services brand LämpöLux provide turnkey window and door renovations to household customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-15 Tikomet Oy

Jyväskylä, Finland

Tikomet Oy is a technology company specializing in manufacturing of hardmetal powder using recycled hardmetal scrap in zinc process.

Sell -
SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
SizeMega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 16 of 36
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 4 of 9
Country (Norway) 5 of 13
Year (2014) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-15 Sonion A/S

Roskilde, Denmark

Sonion is a development, manufacturing and sale of advanced micro acoustical and micro mechanical components and solutions. The company is a B2B provider for global manufacturers of hearing instruments, mobile handsets, headsets, earphones, and medical devices.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Nova Austral

Porvenir, Chile

Nova Austral is a Chilean salmon farmer and processor. The company’s operations are located in Chile, south of the Magallanes strait, making Nova Austral the southernmost salmon farmer in the world. Nova Austral’s production sites have excellent conditions for salmon farming, resulting in low mortality and a clean and healthy product. Annual production is 30k tons, primarily sold in the US market.

Buy -