Nordic Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Nordic Capital has acquired 27 companies. It has also invested in 4 others.

Nordic Capital’s most common sectors for investment arehealthcare services (10%) and medical products (9%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (50%) and secondary buyout (28%). In total, Nordic Capital has invested in 10 US states and 14 different countries. Its largest (disclosed) acquisition occurred in 2021 when it acquired Inovalon Holdings for $7.3B.

In the last 3 years, Nordic Capital has exited 7 companies. The Firm’s most common exit type is trade sale (33%). Nordic Capital’s largest (disclosed) exit occurred in 2011 when it sold Nycomed Pharma AG for $10.8B.

Join Mergr to view Nordic Capital’s full profile and discover more mega-sized private equity firms just like it.

M&A Summary

M&A Total Activity185
- M&A Buy Activity120
- M&A Sell Activity65
Total Sectors Invested 33
Total Countries Invested 14
M&A Buy/Sell Connections 60
M&A Advisors 21

Nordic Capital

Mäster Samuelsgatan 21, 9th floor,
Stockholm, SE-111 44
Sweden
+46 8 440 50 50
www.nordiccapital.com
info@nordiccapital.com

Transaction Criteria	Min	Max
Target Revenue	50	-
Target EBITDA	-	-
Investment Size	-	-
Enterprise Value	-	-
values in millions of EUR

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

Enterprise Value

values in millions of EUR

Year	≤ '16	'17	'18	'19	'20	'21	T
Buy (7.0/yr)	#	85	4	7	8	6	10	120
vol	$12.4B			$355M		$8.1B	$20.9B
Sell (2.6/yr)	#	52	6	2	1	-	4	65
vol	$18.3B	$1.7B	$744M	$258M		$2.4B	$23.4B
	185

Year

≤ '16

'17

'18

'19

'20

'21

Buy (7.0/yr)

120

vol

$12.4B

$355M

$8.1B

$20.9B

Sell (2.6/yr)

vol

$18.3B

$1.7B

$744M

$258M

$2.4B

$23.4B

185

Company	Date	Value	Type
Acino International AG	2021-09-16	-	Add-on Acquisition
Zurich, Czech Republic · www.acino.swiss
Qred AB	2021-09-13	-	Growth Capital
Stockholm, Sweden · www.qred.com
Inovalon Holdings, Inc.	2021-08-19	7.3B USD	Going Private
Bowie, Maryland · www.inovalon.com
Duco Technology Ltd.	2021-07-15	-	Growth Capital
London, United Kingdom · www.du.co
United Veterinary Care	2021-04-23	-	Secondary Buyout
Palm Beach Gardens, Florida · www.unitedveterinarycare.com
Itiviti AB	2021-03-29	2.4B EUR	Divestiture
Stockholm, Sweden · www.itiviti.com
MFEX Mutual Funds Exchange AB	2021-03-26	-	Add-on Acquisition
Stockholm, Sweden · www.mfex.com
LEO Pharma AS	2021-03-23	-	Growth Capital
Ballerup, Denmark · www.leo-pharma.com
Sort Group AB	2021-03-08	-	Secondary Buyout
Stockholm, Sweden · www.sortera.se
Boost.ai	2021-03-08	-	Buyout (LBO, MBO, MBI)
Stavanger, Norway · www.boost.ai
View All >>

Company

Date

Value

Type

Acino International AG

2021-09-16

Add-on Acquisition

Zurich, Czech Republic · www.acino.swiss

Qred AB

2021-09-13

Growth Capital

Stockholm, Sweden · www.qred.com

Inovalon Holdings, Inc.

2021-08-19

7.3B USD

Going Private

Bowie, Maryland · www.inovalon.com

Duco Technology Ltd.

2021-07-15

Growth Capital

London, United Kingdom · www.du.co

United Veterinary Care

2021-04-23

Secondary Buyout

Palm Beach Gardens, Florida · www.unitedveterinarycare.com

Itiviti AB

2021-03-29

2.4B EUR

Divestiture

Stockholm, Sweden · www.itiviti.com

MFEX Mutual Funds Exchange AB

2021-03-26

Add-on Acquisition

Stockholm, Sweden · www.mfex.com

LEO Pharma AS

2021-03-23

Growth Capital

Ballerup, Denmark · www.leo-pharma.com

Sort Group AB

2021-03-08

Secondary Buyout

Stockholm, Sweden · www.sortera.se

Boost.ai

2021-03-08

Buyout (LBO, MBO, MBI)

Stavanger, Norway · www.boost.ai

View All >>

Company	Acquired	Add-On/Sale	Date	#
eResearch Technology, Inc.	2016-03-08	BioClinica, Inc.	2020-12-10	5
Philadelphia, Pennsylvania · www.ert.com	Princeton, New Jersey · www.bioclinica.com
GHD GesundHeits GmbH	2014-06-19	Profusio GesundHeits GmbH Germany	2017-12-19	1
Ahrensburg, Germany · www.gesundheitsgmbh.de	Greven, Germany · www.profusio.de
Unilabs AB	2007-08-07	Alpha medical a.s.	2017-02-09	2
Geneva, Switzerland · www.unilabs.com	Martin, Slovakia · www.alphamedical.sk
eResearch Technology, Inc.	2016-03-08	Exco InTouch Ltd.	2016-12-08	4
Philadelphia, Pennsylvania · www.ert.com	Sawbridgeworth, United Kingdom · www.excointouch.com

Company

Acquired

Add-On/Sale

Date

eResearch Technology, Inc.

2016-03-08

BioClinica, Inc.

2020-12-10

Philadelphia, Pennsylvania · www.ert.com

Princeton, New Jersey · www.bioclinica.com

GHD GesundHeits GmbH

2014-06-19

Profusio GesundHeits GmbH Germany

2017-12-19

Ahrensburg, Germany · www.gesundheitsgmbh.de

Greven, Germany · www.profusio.de

Unilabs AB

2007-08-07

Alpha medical a.s.

2017-02-09

Geneva, Switzerland · www.unilabs.com

Martin, Slovakia · www.alphamedical.sk

eResearch Technology, Inc.

2016-03-08

Exco InTouch Ltd.

2016-12-08

Philadelphia, Pennsylvania · www.ert.com

Sawbridgeworth, United Kingdom · www.excointouch.com

Sector	Current #	Value	All-time #	Value
Healthcare Services	9 (17%)	-	12 (10%)	1.9B (9%)
Medical Products	5 (10%)	846M (9%)	10 (8%)	4.9B (24%)
Software	8 (15%)	302M (3%)	9 (8%)	302M (1%)
Life Science	2 (4%)	-	7 (6%)	414M (2%)
Manufacturing	-	-	7 (6%)	-
Information Technology	3 (6%)	7.3B (77%)	6 (5%)	7.3B (35%)
Consumer Products	1 (2%)	719M (8%)	6 (5%)	2.2B (10%)
Business Services	3 (6%)	-	5 (4%)	2.6B (12%)
Financial Services	2 (4%)	-	5 (4%)	260M (1%)
Distribution	1 (2%)	-	5 (4%)	-
Retail	3 (6%)	-	5 (4%)	-
Automotive	1 (2%)	-	4 (3%)	-
Consumer Services	1 (2%)	-	4 (3%)	-
Internet Software and Services	4 (8%)	-	4 (3%)	-
Safety/Security	2 (4%)	355M (4%)	3 (3%)	355M (2%)
Apparel/Textiles	1 (2%)	-	3 (3%)	231M (1%)
Food	1 (2%)	-	3 (3%)	-
Metals/Mining	1 (2%)	-	3 (3%)	-
E-Commerce	1 (2%)	-	2 (2%)	310M (1%)
Environmental	1 (2%)	-	2 (2%)	-
Marine	1 (2%)	-	2 (2%)	-
Transportation	-	-	2 (2%)	-
Packaging	-	-	1 (1%)	140M (1%)
Building Materials	-	-	1 (1%)	-
Chemicals	-	-	1 (1%)	-
Electrical Equipment	-	-	1 (1%)	-
Energy Services and Equipment	1 (2%)	-	1 (1%)	-
Furniture	-	-	1 (1%)	-
Machinery	-	-	1 (1%)	-
Marketing	-	-	1 (1%)	-
Media	-	-	1 (1%)	-
Publishing	-	-	1 (1%)	-
Staffing	-	-	1 (1%)	-
Total	52	$9.5B	120	$20.9B

Sector

Current #

Value

All-time #

Value

Healthcare Services

9 (17%)

12 (10%)

1.9B (9%)

Medical Products

5 (10%)

846M (9%)

10 (8%)

4.9B (24%)

Software

8 (15%)

302M (3%)

9 (8%)

302M (1%)

Life Science

2 (4%)

7 (6%)

414M (2%)

Manufacturing

7 (6%)

Information Technology

3 (6%)

7.3B (77%)

6 (5%)

7.3B (35%)

Consumer Products

1 (2%)

719M (8%)

6 (5%)

2.2B (10%)

Business Services

3 (6%)

5 (4%)

2.6B (12%)

Financial Services

2 (4%)

5 (4%)

260M (1%)

Distribution

1 (2%)

5 (4%)

Retail

3 (6%)

5 (4%)

Automotive

1 (2%)

4 (3%)

Consumer Services

1 (2%)

4 (3%)

Internet Software and Services

4 (8%)

4 (3%)

Safety/Security

2 (4%)

355M (4%)

3 (3%)

355M (2%)

Apparel/Textiles

1 (2%)

3 (3%)

231M (1%)

Food

1 (2%)

3 (3%)

Metals/Mining

1 (2%)

3 (3%)

E-Commerce

1 (2%)

2 (2%)

310M (1%)

Environmental

1 (2%)

2 (2%)

Marine

1 (2%)

2 (2%)

Transportation

2 (2%)

Packaging

1 (1%)

140M (1%)

Building Materials

1 (1%)

Chemicals

1 (1%)

Electrical Equipment

1 (1%)

Energy Services and Equipment

1 (2%)

1 (1%)

Furniture

1 (1%)

Machinery

1 (1%)

Marketing

1 (1%)

Media

1 (1%)

Publishing

1 (1%)

Staffing

1 (1%)

Total

$9.5B

120

$20.9B

State/Country	Current #	Value	All-time #	Value
Sweden	12 (23%)	355M (4%)	51 (43%)	4.7B (22%)
Denmark	7 (13%)	-	13 (11%)	-
United States	7 (13%)	7.3B (77%)	11 (9%)	11.4B (54%)
	Florida	2 (4%)	-	2 (2%)	-
	Maryland	1 (2%)	7.3B (77%)	1 (1%)	7.3B (35%)
	Texas	1 (2%)	-	1 (1%)	-
	Pennsylvania	1 (2%)	-	1 (1%)	-
	Michigan	1 (2%)	-	1 (1%)	-
	Massachusetts	1 (2%)	-	1 (1%)	-
	New Jersey	-	-	1 (1%)	4.1B (20%)
	Ohio	-	-	1 (1%)	-
	New York	-	-	1 (1%)	-
	Indiana	-	-	1 (1%)	-
Norway	6 (12%)	302M (3%)	11 (9%)	2.9B (14%)
Germany	6 (12%)	-	7 (6%)	-
United Kingdom	5 (10%)	719M (8%)	6 (5%)	719M (3%)
Switzerland	3 (6%)	-	6 (5%)	-
Finland	2 (4%)	-	4 (3%)	-
Netherlands	2 (4%)	-	4 (3%)	-
France	1 (2%)	-	3 (3%)	-
Canada	1 (2%)	846M (9%)	1 (1%)	846M (4%)
	Ontario	1 (2%)	846M (9%)	1 (1%)	846M (4%)
Czech Republic	-	-	1 (1%)	414M (2%)
China	-	-	1 (1%)	-
Italy	-	-	1 (1%)	-
Domestic	12 (23%)	355M (4%)	51 (43%)	4.7B (22%)
Cross-border	40 (77%)	9.2B (96%)	69 (58%)	16.3B (78%)
Total	52	$9.5B	120	$20.9B

State/Country

Current #

Value

All-time #

Value

Sweden

12 (23%)

355M (4%)

51 (43%)

4.7B (22%)

Denmark

7 (13%)

13 (11%)

United States

7 (13%)

7.3B (77%)

11 (9%)

11.4B (54%)

Florida

2 (4%)

2 (2%)

Maryland

1 (2%)

7.3B (77%)

1 (1%)

7.3B (35%)

Texas

1 (2%)

1 (1%)

Pennsylvania

1 (2%)

1 (1%)

Michigan

1 (2%)

1 (1%)

Massachusetts

1 (2%)

1 (1%)

New Jersey

1 (1%)

4.1B (20%)

Ohio

1 (1%)

New York

1 (1%)

Indiana

1 (1%)

Norway

6 (12%)

302M (3%)

11 (9%)

2.9B (14%)

Germany

6 (12%)

7 (6%)

United Kingdom

5 (10%)

719M (8%)

6 (5%)

719M (3%)

Switzerland

3 (6%)

6 (5%)

Finland

2 (4%)

4 (3%)

Netherlands

2 (4%)

4 (3%)

France

1 (2%)

3 (3%)

Canada

1 (2%)

846M (9%)

1 (1%)

846M (4%)

Ontario

1 (2%)

846M (9%)

1 (1%)

846M (4%)

Czech Republic

1 (1%)

414M (2%)

China

1 (1%)

Italy

1 (1%)

Domestic

12 (23%)

355M (4%)

51 (43%)

4.7B (22%)

Cross-border

40 (77%)

9.2B (96%)

69 (58%)

16.3B (78%)

Total

$9.5B

120

$20.9B

Type	Current #	Value	All-time #	Value
Buyout (LBO, MBO, MBI)	16 (31%)	-	59 (49%)	231M (1%)
Secondary Buyout	23 (44%)	1.0B (11%)	33 (28%)	5.1B (24%)
Divestiture	4 (8%)	355M (4%)	11 (9%)	5.0B (24%)
Going Private	3 (6%)	8.1B (86%)	6 (5%)	10.6B (51%)
Growth Capital	3 (6%)	-	4 (3%)	-
Consolidation	1 (2%)	-	3 (3%)	-
Stake Purchase	1 (2%)	-	2 (2%)	-
PIPE	-	-	1 (1%)	-
Recapitalization	1 (2%)	-	1 (1%)	-
Total	52	$9.5B	120	$20.9B

Type

Current #

Value

All-time #

Value

Buyout (LBO, MBO, MBI)

16 (31%)

59 (49%)

231M (1%)

Secondary Buyout

23 (44%)

1.0B (11%)

33 (28%)

5.1B (24%)

Divestiture

4 (8%)

355M (4%)

11 (9%)

5.0B (24%)

Going Private

3 (6%)

8.1B (86%)

6 (5%)

10.6B (51%)

Growth Capital

3 (6%)

4 (3%)

Consolidation

1 (2%)

3 (3%)

Stake Purchase

1 (2%)

2 (2%)

PIPE

1 (1%)

Recapitalization

1 (2%)

1 (1%)

Total

$9.5B

120

$20.9B

Type	Total #	Value
Secondary Sale	15 (23%)	3.7B (16%)
Trade Sale	14 (22%)	976M (4%)
IPO	13 (20%)	-
Trade Sale - Public Company	12 (18%)	16.3B (70%)
Sold to Management	5 (8%)	-
Merger	4 (6%)	-
Divestiture	1 (2%)	2.4B (10%)
Bankruptcy	1 (2%)	-
Total	65	$23.4B

Type

Total #

Value

Secondary Sale

15 (23%)

3.7B (16%)

Trade Sale

14 (22%)

976M (4%)

IPO

13 (20%)

Trade Sale - Public Company

12 (18%)

16.3B (70%)

Sold to Management

5 (8%)

Merger

4 (6%)

Divestiture

1 (2%)

2.4B (10%)

Bankruptcy

1 (2%)

Total

$23.4B

Financial	Deals
Goldman Sachs Investment Banking Division	4
Citigroup Investment Banking	2
Carnegie Investment Bank AB	2

Financial

Deals

Goldman Sachs Investment Banking Division

Citigroup Investment Banking

Carnegie Investment Bank AB

Legal	Deals
White & Case LLP	5
Accura Advokatpartnerselskab	3
Kirkland & Ellis LLP	2

Legal

Deals

White & Case LLP

Accura Advokatpartnerselskab

Kirkland & Ellis LLP

buy	#	Total
> $1B	5	$17.4B
$100M to $1B	9	$3.6B
TOTAL	$20.9B
Largest	Inovalon Holdings, Inc. $7.3B (2021-08-19)

buy

Total

> $1B

$17.4B

$100M to $1B

$3.6B

TOTAL

$20.9B

Largest

Inovalon Holdings, Inc.
$7.3B (2021-08-19)

sell	#	Total
> $1B	6	$19.1B
$100M to $1B	9	$4.2B
< $100M	1	$78M
TOTAL	$23.4B
Largest	Nycomed Pharma AG $10.8B (2011-05-19)

sell

Total

> $1B

$19.1B

$100M to $1B

$4.2B

< $100M

$78M

TOTAL

$23.4B

Largest

Nycomed Pharma AG
$10.8B (2011-05-19)

		Deals
Acquired from
Investor(s)	27%	32 (27%)
Strategic(s)	8%	10 (8%)
Exited to
Investor(s)	23%	15 (23%)
Strategic(s)	40%	26 (40%)

Deals

Acquired from

Investor(s)

32 (27%)

Strategic(s)

10 (8%)

Exited to

Investor(s)

15 (23%)

Strategic(s)

26 (40%)

Nordic Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary

Nordic Capital

Investment Criteria

M&A Summary

Buy vs Sell

Most Recent M&A

Portfolio M&A

M&A by Sector

Acquisitions By Geo

Acquisitions by Deal Type

Exits by Deal Type

Top M&A Advisors

Deal Values

M&A Connections

Investor Summary

Investor Type

Size

PE Assets

Established

Specialist/Generalist

Leadership

Morgan Olsson

Robert Andreen

Kristoffer Melinder

Joakim Karlsson

Jesper Söderberg

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Product

Company

Legal

Nordic Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary

Nordic Capital

Investment Criteria

M&A Summary

Buy vs Sell

Most Recent M&A

Portfolio M&A

M&A by Sector

Acquisitions By Geo

Acquisitions by Deal Type

Exits by Deal Type

Top M&A Advisors

Deal Values

M&A Connections

Investor Summary

Investor Type

Size

PE Assets

Established

Specialist/Generalist

Leadership

Morgan Olsson

Robert Andreen

Kristoffer Melinder

Joakim Karlsson

Jesper Söderberg

Subscribe to unlock this and 169,252 investor and company profiles

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What's Mergr?

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

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Ready to try?

Product

Company

Legal

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