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Nordic Capital

Nordic Capital acquires controlling stakes in established, profitable businesses, from Stockholm, Sweden. It states a focus on software & internet, healthcare & life sciences, financial services and industrials & manufacturing.

Disclosed holdings14
Most recent fund2025filing since 2017
HeadquartersStockholm, Sweden
Largest single fundNot stated

Stated investment criteria

What Nordic Capital says it buys

Read from Nordic Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Transaction typesBuy-and-build1
OfficesCopenhagen, Oslo, Helsinki, Frankfurt, London, New York2

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Nordic Capital states that it takes majority or outright ownership. Nothing here is a commitment by Nordic Capital to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Nordic Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed21
Total capital raisedNot disclosed in filings
Largest single vehicleNot disclosed in filings
Filing history2017 to 2025
Smallest accepted commitmentNone stated
Filed fromJERSEY

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Nordic Capital is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised23 · $34bn gross
SEC adviser numberCRD 341354

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Portfolio

Disclosed holdings

Companies Nordic Capital lists on its own website. No investment years are published.

CompanyInvestedYears heldRecorded transaction
Advanz
Arisglobal
Autocirc
Cary Group
Cint
Iloq
Itiviti
Macrobond Stock 1
Max Matthiessen
Noba Bank Group
Nordnet
Sunrise Medical
The Binding
Vivecti Group

Compiled from Nordic Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Recorded transactions

Buying and selling

Deals in which Nordic Capital is named as buyer or seller in the transaction archive. 2 recorded exits, most recently in 2019. 3 recorded acquisitions.

CompanySideCounterpartyYearConsideration
ADVANZ PHARMABought2021$846m
Consilium Marine & SafetyBoughtConcejo2019$355m
The Ellos GroupSoldFNG2019$258m
Unifeeder A/SSoldDP World2018$744m
VizrtBoughtFSN Capital2014$302m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

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