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Nordic Capital

Europe, Hovedstaden, Denmark, Copenhagen

Description

Nordic Capital is a leading private equity investor with a strong focus on building stronger, sustainable companies across Northern Europe and internationally. Established in 1989, the firm primarily engages in majority ownership investments, targeting established businesses with significant growth potential rather than early-stage startups. Their strategic approach involves partnering with management teams to drive operational improvements, foster innovation, and facilitate international expansion, aiming for long-term value creation.

The firm's investment strategy is concentrated across four core sectors: Healthcare, Technology & Payments, Financial Services, and Industrial & Business Services. Within these areas, Nordic Capital seeks out companies that are market leaders or have strong competitive positions, often with complex operational or strategic challenges that can be addressed through active ownership. Their typical investment involves acquiring a controlling stake, enabling them to implement comprehensive transformation programs and leverage their extensive network and sector expertise.

Nordic Capital has a robust track record of successful fundraisings and deployments. For instance, their latest fund, Nordic Capital Fund XI, successfully closed at EUR 9 billion (approximately USD 9.7 billion), demonstrating significant investor confidence and substantial capital available for deployment. This substantial capital pool allows Nordic Capital to make significant equity investments, typically ranging from hundreds of millions to over a billion US dollars per transaction. The firm has invested over EUR 22 billion in more than 120 companies since its inception, underscoring its scale and long-term commitment to its investment philosophy. These investments are directed towards mature companies, often with enterprise values in the billions, reflecting their private equity buyout model rather than venture capital's early-stage focus.

Nordic Capital emphasizes a responsible and sustainable investment approach, integrating ESG (Environmental, Social, and Governance) considerations into their investment process and value creation initiatives. They work closely with portfolio companies to enhance their sustainability performance, believing that this contributes to both long-term financial returns and positive societal impact. Their extensive experience and deep sector knowledge position them as a preferred partner for businesses seeking strategic growth and transformation.

Investor Profile

Nordic Capital has backed more than 56 startups, with 3 new investments in the last 12 months alone. The firm has led 12 rounds, about 21% of its total and boasts 30 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Private Equity, Post Ipo Equity rounds (top funding stages).
  • Majority of deals are located in Sweden, United States, Denmark.
  • Strong thematic focus on Software, Health Care, Financial Services.
  • Led 1 rounds in the past year.
  • Typical check size: $100M – $1500M.

Stage Focus

  • Series Unknown (70%)
  • Private Equity (21%)
  • Post Ipo Equity (5%)
  • Non Equity Assistance (2%)
  • Secondary Market (2%)

Country Focus

  • Sweden (30%)
  • United States (18%)
  • Denmark (18%)
  • United Kingdom (13%)
  • Germany (11%)
  • Norway (5%)
  • The Netherlands (2%)
  • Canada (2%)
  • Switzerland (2%)

Industry Focus

  • Software
  • Health Care
  • Financial Services
  • Medical
  • Information Technology
  • Manufacturing
  • Biotechnology
  • Finance
  • Fintech
  • Payments
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Nordic Capital frequently co-invest with?

CORDET
Europe, England, United Kingdom, London
Co-Investments: 1
CVC Capital Partners
Europe, Luxembourg, Luxembourg, Luxembourg
Co-Investments: 1
HarbourVest Partners
North America, Massachusetts, United States, Boston
Co-Investments: 1
L Catterton Europe
Europe, Ile-de-France, France, Paris
Co-Investments: 1
Astorg
Europe, Ile-de-France, France, Paris
Co-Investments: 1
Novo Holdings
Europe, Hovedstaden, Denmark, Hellerup
Co-Investments: 1
Abu Dhabi Investment Authority
Asia, Abu Dhabi, United Arab Emirates, Abu Dhabi
Co-Investments: 1
Innovations Kapital
Europe, Vastra Gotaland, Sweden, Göteborg
Co-Investments: 1
Alliance VC
Europe, Oslo, Norway, Oslo
Co-Investments: 1
Ontario Teachers' Pension Plan
North America, Ontario, Canada, Toronto
Co-Investments: 1

What are some of recent deals done by Nordic Capital?

Minerva Imaging

Ølstykke, Hovedstaden, Denmark

Minerva Imaging is a contract research organization that provides molecular imaging services for drug development.

BiotechnologyMedicalPharmaceutical
Private EquityJun 10, 2025
Regnology Group

Frankfurt, Hessen, Germany

Regnology Group focuses on regulatory, tax reporting, supervisory software solutions, and financial services.

Information TechnologySoftware
Private EquityDec 20, 2024
Hargreaves Lansdown

Bristol, Bristol, City of, United Kingdom

Hargreaves Lansdown plc is a financial service company based in Bristol that sells funds and shares and related products.

FinanceFinancial ServicesStock Exchanges
Post Ipo EquityAug 9, 2024
One

Folsom, California, United States

One is a technology company that specializes in digital payment solutions for the insurance industry.

FinanceFinancial ServicesFinTechInsurTechPayments
Private EquityMar 14, 2024
Advanz Pharma

London, England, United Kingdom

Advanz Pharma is a pharmaceutical company focused on serving the needs of patients and healthcare providers.

Health CareHospitalPharmaceutical
Post Ipo EquityFeb 26, 2024
Hjo Installation

Hjo, Vastra Gotaland, Sweden

Hjo Installation is a local installation company specializing in energy efficiency, electricity, VS, and ventilation.

EnergyEnergy Efficiency
Series UnknownJul 18, 2023
Equashield

Port Washington, New York, United States

Equashield is a privately held medical device company that provides closed system transfer device for safe handling of hazardous drugs.

Health CareMedicalMedical DeviceRobotics
Secondary MarketOct 6, 2022
Amount Raised: $300,000,000
Riskpoint

Copenhagen, Hovedstaden, Denmark

RiskPoint is an underwriting agency that delivers value-adding insurance solutions.

Commercial InsuranceFinancial ServicesInsuranceProfessional Services
Private EquityJul 12, 2022
Qred

Stockholm, Stockholms Lan, Sweden

Qred provides accessible financing to small businesses using digital processes.

B2BFinancial ServicesFinTechPaymentsSmall and Medium Businesses
Private EquityApr 4, 2022
Amount Raised: $10,975,105
RLDatix

Toronto, Ontario, Canada

RLDatix is a software company focused exclusively on patient safety and quality improvement.

Health CareSoftware
Private EquityJan 10, 2022