Nordic Capital Acquires Majority Stake in ActiveViam

Viking Global Investors Acquires Majority Stake in Voyado

December 3, 2024

Cloud & SaaS

Affiliates of Viking Global Investors have acquired a majority stake in Voyado, a Swedish retail-focused customer experience SaaS platform, in a deal intended to accelerate product development and expand Voyado's presence in the UK. Voyado has grown rapidly (32% average annual growth since 2022), is profitable, and was valued at SEK 3.5 billion (~£270 million) at the time of the transaction.

Nordic Capital Acquires Majority Stake in Zafin

February 12, 2024

Cloud & SaaS

Nordic Capital has signed an agreement to acquire a majority share in Zafin, a Vancouver-based provider of SaaS core modernization and transformation solutions for banks. The investment, made in partnership with Zafin's founders and management who are reinvesting, is intended to accelerate Zafin's growth and product/platform roadmap to expand its global footprint in banking technology.

Nordic Capital Acquires Majority Stake in Siteimprove

September 3, 2020

Software

Nordic Capital has agreed to become the majority owner of Siteimprove, a Copenhagen-based SaaS company that provides website experience, accessibility and digital marketing optimisation tools. Siteimprove's founder and CEO Morten Ebbesen will remain a significant minority shareholder and Summit Partners will divest its holding; Nordic Capital intends to support the company's international growth and product development.

Nordic Capital Acquires Majority Stake in Foxway

June 19, 2023

IT Services

Nordic Capital has signed an agreement to acquire a majority share in Foxway from Norvestor VII and other owners, with completion expected in Q3 2023 subject to customary closing conditions. Nordic Capital will partner with Foxway management and alongside Norvestor to support continued growth, international expansion and Foxway’s focus on circular IT services; Foxway is a Sweden‑headquartered provider of device refurbishment, asset recovery and lifecycle services with over 1,000 employees and SEK ~7.6bn in revenue (2022).

Hg-backed Visma Attracts New Investors in €19bn Equity Transaction

December 21, 2023

Software

Hg-backed software group Visma expanded its shareholder base in a transaction valuing the company at EUR 19 billion, welcoming around 20 new investors and raising over €1bn from new investors plus roughly €3bn of new investment from existing shareholders. Named new investors include Altaroc, Jane Street, NPS and the NYC Retirement System, while existing/co-investors providing further capital include Hg, ICG, TPG and Visma management to support continued international expansion and product innovation.

Nordic Capital Acquires Majority Stake in BRP Systems

May 21, 2024

Cloud & SaaS

Nordic Capital has agreed to acquire a majority stake in BRP Systems, a Nordic SaaS ERP platform serving the fitness industry, from Valedo Partners. The partnership with BRP's management will focus on accelerating product development, targeted European expansion and value-accretive add-on acquisitions to support continued growth.