Investment Summary

Nordic Capital Exits Cary Group

On September 23, 2021, invested in automotive company Cary Group from Nordic Capital

Investment Highlights
  • This is transaction in the Automotive sector.
  • This is transaction in Sweden.
Investment Fate
  • Cary Group was sold to a consortium of financial buyers in 2022.

Investment Summary

Date 2021-09-23
Target Cary Group
Sector Automotive
Sellers(s) Nordic Capital
Deal Type IPO

Target

Cary Group

Stockholm, Sweden
Cary Group provides repair and replacement services to automotive glasses. Cary Group was formed in 1947 and is based in Stockholm, Sweden.

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Seller(S) 1

SELLER

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 31.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. 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 is based in Stockholm, Sweden.


DEAL STATS #
Overall 69 of 80
Sector: Automotive M&A 4 of 4
Type: IPO M&A Deals 14 of 14
Country: Sweden M&A 38 of 41
Year: 2021 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-16 Acino

Zurich, Czech Republic

Acino is a pharmaceutical company focused on developing, manufacturing and marketing well-proven and innovative pharmaceuticals in novel drug delivery forms. Acino was founded in 1836 and is based in Zurich, Czech Republic.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Bank Norwegian

Fornebu, Norway

Bank Norwegian is a fully digital bank that provides simple and competitive products to the retail customer market with a strong offering in personal loans, credit cards, and savings. Bank Norwegian was founded in 2007 and is based in Fornebu, Norway.

Sell -