Private Equity Firm Financial Services

Nordic Capital

Stockholm, Stockholm County, Sweden

Nordic Capital is a leading international private equity investor and subsector specialist dedicated to building stronger, more sustainable businesses through operational improvement and transformative long-term growth in partnership with management teams.

Focus Areas
Healthcare, Technology & Payments, Financial Services

Tracked deals

29

29 tracked deals across 2019-2026.

Recent pace

5

5 tracked deals announced in the last 12 months.

Deal mix

Buyout

23 buyout · 2 divestiture · 2 growth capital

Nordic Capital Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Nordic Capital. 1 2019 3 2020 4 2021 3 2022 2 2023 5 2024 8 2025 ~4 est. 3 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 29 tracked deals for Nordic Capital.

  • Buyer
    Nordic Capital
    Target
    BWXT Medical, Kinectrics stable medical isotopes business
    Seller
    BWX Technologies, Inc. (BWXT)
    Location
    Canada

    BWX Technologies, Inc. (BWXT) has entered into a definitive agreement to sell its medical business to Nordic Capital for up to $800 million. The transaction includes BWXT Medical and Kinectrics’ stable medical isotopes business, and BWXT expects the deal to close by the end of 2026 subject to regulatory approvals.

  • Buyer
    Nordic Capital XI, Nordic Capital Evolution I, Verdane
    Target
    Liberis, Qred
    Seller
    Blenheim Chalcot
    Location
    Sweden
    Type
    Buyout

    Nordic Capital announced an agreement to acquire Liberis, an embedded finance platform for SMBs, and to further invest in Qred, a digital small-business bank, combining the two into a single global SMB financing platform. The combined group is expected to have ~600 employees, revenues exceeding EUR 250 million, and an active SMB customer base of more than 53,000, with access to ~11.5 million addressable merchants across 17 countries.

  • Buyer
    Tecomet, Orchid Orthopedic Solutions, Charlesbank, Nordic
    Target
    Tecomet, Orchid Orthopedic Solutions
    Industry
    Medical Devices
    Location
    United States
    Type
    Buyout

    Charlesbank-backed Tecomet and Nordic-backed Orchid Orthopedic Solutions have completed their merger to create a scaled global manufacturing platform serving medical device customers. The combination brings together manufacturing capabilities across orthopedic and related medtech end markets.

  • Buyer
    Regnology, Nordic Capital
    Target
    Moody's Regulatory Reporting & ALM Solutions business
    Seller
    Moody's
    Industry
    Software
    Location
    Hesse, Germany
    Type
    Buyout

    Regnology, backed by Nordic Capital, signed an exclusive agreement to acquire Moody's Regulatory Reporting & ALM Solutions business. The acquisition expands Regnology’s regulatory reporting, risk, finance, and large-bank ALM capabilities across more than 50 jurisdictions and is intended to strengthen Regnology’s unified “all-in-one” regulatory and risk platform.

  • Buyer
    Nordic Capital
    Target
    BMLL
    Seller
    Optiver
    Industry
    Data & Analytics
    Location
    United Kingdom
    Type
    Buyout

    Nordic Capital has agreed to acquire BMLL, an independent provider of harmonized historical order book data and analytics for global capital markets. The deal, made alongside BMLL management and minority shareholder Optiver, is intended to accelerate BMLL’s expansion, deepen venue coverage and historical depth, and enhance its multi-asset analytics suite.

  • Buyer
    Surgical Information Systems (SIS), Nordic Capital
    Target
    Surgical Notes
    Seller
    Capstreet
    Type
    Buyout

    Surgical Information Systems (SIS), owned by Nordic Capital, acquired Surgical Notes from Capstreet (Capstreet IV) with the transaction completed on November 15, 2024. Surgical Notes, headquartered in Dallas, Texas, provides ASC-focused revenue cycle management, coding, transcription and document management services; Capstreet had owned the company since 2019 and helped scale the business via technology development and add-on acquisitions.

  • Buyer
    Nordic Capital, Permira
    Target
    Bavarian Nordic A/S
    Industry
    Biotechnology
    Location
    Denmark
    Type
    Buyout

    Bavarian Nordic A/S has accepted a takeover offer valued at DKK 19 billion (about $2.99 billion) from a consortium of Nordic Capital and Permira. Shareholders will receive an all-cash offer of 233 Danish kroner per share, and the deal is expected to close in the fourth quarter of 2025 subject to regulatory approvals and acceptance conditions.

  • Buyer
    Soltech Energy Sweden AB (publ), Nordic Capital
    Target
    Sesol Group AB
    Seller
    Nordic Capital
    Industry
    Renewable Energy
    Location
    Sweden
    Type
    Buyout

    Soltech Energy Sweden AB (publ) has signed an agreement to acquire 100% of Sesol Group AB, a solar energy company. The purchase price will be paid with newly issued Soltech shares, making Nordic Capital the company’s largest shareholder with roughly 30% ownership post-transaction. The deal is subject to regulatory approvals and approval by an Extraordinary General Meeting.

  • Buyer
    Nordic Capital
    Target
    Arcadia
    Type
    Buyout

    Arcadia, a healthcare data platform, entered into a strategic partnership with Nordic Capital in which Nordic Capital will become the majority owner of Arcadia. The investment is intended to accelerate Arcadia’s growth by expanding its predictive insights, AI-powered analytics, and actionable intelligence for providers, payers, and government organizations.

  • Buyer
    CVC, Nordic Capital, Platinum Ivy (ADIA)
    Target
    Hargreaves Lansdown
    Seller
    Public shareholders of Hargreaves Lansdown
    Location
    United Kingdom
    Type
    Buyout

    A consortium led by CVC and Nordic Capital, with Platinum Ivy (a wholly-owned subsidiary of ADIA), has completed the acquisition of Hargreaves Lansdown and the company has been delisted from the London Stock Exchange. The consortium said it will partner with management to accelerate Hargreaves Lansdown’s transformation plan, investing in technology, digital channels and service enhancements to improve the client proposition and drive growth in the UK wealth market.

  • Buyer
    Nordic Capital
    Target
    Anaqua
    Seller
    Astorg
    Industry
    Cloud & SaaS
    Type
    Buyout

    Nordic Capital has acquired a controlling interest in Anaqua from Astorg. The private equity investor said it will support Anaqua's global expansion and further development of its AQX and PATTSY WAVE IP management software and services to drive growth and capability enhancements.

  • Buyer
    Regnology, Nordic Capital
    Target
    AGILE (VERMEG's regulatory reporting division)
    Seller
    VERMEG
    Industry
    Software
    Location
    Netherlands

    Regnology has acquired VERMEG's regulatory reporting division, AGILE, and will integrate the solution into the Regnology Platform to expand its regulatory reporting capabilities and international footprint. The deal transfers AGILE’s suite—used by 150+ banks globally—into Regnology’s cloud-native offering, while VERMEG refocuses on collateral management and insurance solutions.

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