Nordic Capital Acquires Majority Stake in Foxway
June 19, 2023
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).
- Buyers
- Nordic Capital, Norvestor (fund)
- Targets
- Foxway
- Sellers
- Norvestor VII, Other owners
- Industry
- IT Services
- Location
- Sweden
- Transaction Type
- Buyout
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