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New Deal


Announced

Completed

Nordic Capital completed the disposal of the remaining stake in Nordnet for $421m.

Financials

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Transaction Value£297m
Consideration TypeCash
Capital Owned-
Capital Bid For9%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Public

banking services

Private Equity

Cross Border

banking

Banks

Completed

Acquisition

Disposal

Sweden

Minority

Friendly

online banking

Synopsis

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Nordic Capital, a private equity firm, completed the disposal of the remaining stake in Nordnet, an online banking firm, for $421m. “Under the private ownership of Nordic Capital and the Öhman Group, Nordnet has grown to become a driving force in the digital savings industry. Nordic Capital has supported us during this journey in a very professional way, with full focus on enhancing the customer experience. I want to thank Nordic Capital for their contribution to Nordnet’s development, and at the same time thank our close to 1.5m customers who trust us with their savings every day. Our promise to the Nordic savers remains the same – to build the best platform for savings and investments," Lars-Åke Norling, Nordnet CEO.

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