Secondary Buyout • Environmental

Nordic Capital Acquires Sortera Group

On March 8, 2021, private equity firm Nordic Capital acquired environmental company Sortera Group from Summa Equity

Acquisition Context
  • This is Nordic Capital’s 2nd transaction in the Environmental sector.
  • This is Nordic Capital’s 52nd transaction in Sweden.

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M&A Deal Summary

Date March 8, 2021
Target Sortera Group
Sector Environmental
Buyer(s) Nordic Capital
Sellers(s) Summa Equity
Deal Type Secondary Buyout

Target Company

Sortera Group

Stockholm, Sweden
Sortera Group is a niche operator in the waste management sector. Sortera’s main offering is heavy duty builder bags in which building material waste can be placed unsorted or sorted. Containers are also offered as an alternative or supplement to the bags. Sortera Group was founded in 2006 and is based in Stockholm, Sweden.
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Buyer Overview 1

Buyer

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 Context for Buyer #
Overall 114 of 142
Sector: Environmental 2 of 2
Type: Secondary Buyout 33 of 46
Country: Sweden 52 of 59
Year: 2021 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Boost.ai

Sandnes, Norway

Boost.ai provides a no-code conversational AI platform, with a strong focus on customer service and support, that helps bridge the digital gap between brands and their customers, through the use of tailored AI-powered chatbots to meet the demand of large enterprises. Boost.ai was founded in 2016 and is based in Sandnes, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 LEO Pharma

Ballerup, Denmark

LEO Pharma engages in medical dermatology with a robust R&D pipeline, a wide range of therapies, and a pioneering spirit. LEO Pharma supports people in managing their skin conditions. LEO Pharma was founded in 1908 and is based in Ballerup, Denmark.

Buy -

Seller Profile 1

SELLER

Summa Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2016
PE ASSETS 14.0B SEK
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Summa Equity is a private equity firm that looks to invest €10 to €50 million per transaction and pursues growing companies with significant business relations in the Nordic region. Summa Equity was formed in 2016 and is headquartered in Stockholm, Sweden.


Deal Context for Seller #
Overall 2 of 8
Sector: Environmental 1 of 1
Type: Secondary Buyout 1 of 2
Country: Sweden 2 of 5
Year: 2021 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 Sengenics

Singapore, Singapore

Sengenics is an operator of functional proteomics company that leverages its patented KREX technology to discover autoantibody biomarker signatures for prediction of drug response and severe immune-related adverse events (irAEs). KREX can also be used to identify autoantibody biomarkers that may be used to diagnose cancer, autoimmune, neurodegenerative, or infectious diseases with higher sensitivity and specificity than conventional diagnostic tests. Sengenics was founded in 2008 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 EcoOnline

London, United Kingdom

EcoOnline is a SaaS company developing software creating safer and sustainable workplaces while ensuring compliance and environmental sustainability. EcoOnline was founded in 2000 and is based in London, United Kingdom.

Sell -