M&A Deal Summary

Nordic Capital Acquires Foxway

On June 19, 2023, private equity firm Nordic Capital acquired information technology company Foxway from Norvestor Equity AS

Acquisition Highlights
  • This is Nordic Capital’s 9th transaction in the Information Technology sector.
  • This is Nordic Capital’s 56th transaction in Sweden.

M&A Deal Summary

Date 2023-06-19
Target Foxway
Sector Information Technology
Buyer(s) Nordic Capital
Sellers(s) Norvestor Equity AS
Deal Type Secondary Buyout

Target

Foxway

Vaxjo, Sweden
Foxway is a supplier of IT lifecycle management solutions for large corporations. Foxway enables large companies and institutions to manage their physical IT assets to maximizes their use and improve quality and efficiency. Foxway was founded in 2009 and is based in Vaxjo, Sweden.

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Buyer(S) 1

Buyer

Nordic Capital

Stockholm, Sweden

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 130 of 140
Sector (Information Technology) 9 of 10
Type (Secondary Buyout) 38 of 45
Country (Sweden) 56 of 59
Year (2023) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-19 corpuls

Kaufering, Germany

corpuls has been developing and manufacturing innovative high-end devices for emergency and intensive care medicine for more than 40 years. It develops defibrillators, monitoring devices, and chest compression devices for cardiac resuscitation, as well as digital solutions in telemedicine and quality management. corpuls was founded in 1982 and is based in Kaufering, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Macrobond

Malmo, Sweden

Macrobond is a provider of macroeconomic and financial time series data from primary and third-party sources with proprietary software focused on workflow efficiency. Macrobond was founded in 2008 and is based in Malmo, Sweden.

Sell -

Seller(S) 1

SELLER

Norvestor Equity AS

Oslo, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Norvestor Equity is an independent private equity group focused on opportunities throughout Norway and the nearby Nordic region. Norvestor generally looks to acquire control positions in businesses with strong market positions, clear potential for sales and earnings growth, and motivated management. Sectors of interest include engineering/technology, food/beverage, IT, telecommunications, maritime equipment, oil services, power/energy, retail, and services/outsourcing. The Firm's investment size is €10 to €45 million in companies with enterprise values of €20 to €125 million. Norvestor Equity is based in Oslo with an additional office in Stockholm.


DEAL STATS #
Overall 48 of 48
Sector (Information Technology) 6 of 6
Type (Secondary Buyout) 10 of 10
Country (Sweden) 12 of 12
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-16 Langer & Laumann

Steinfurt, Germany

Langer & Laumann specializes in aftermarket solutions for elevator doors, providing repair and maintenance kits for elevator door drives and control units. The company offers user-friendly solutions with easy installations and fast delivery, utilizing their exclusive database containing information on over 500 elevator models. In addition to the elevator sector, Langer & Laumann serves customers in the automated machine safety door and window segments. Langer & Laumann was founded in 1998 and is based in Steinfurt, Germany.

Buy -