Vision Capital realises 5.2x return on its investment in Nordax
Vision Capital yesterday announced that it has fully realised its investment in Nordax Group AB (publ) (“Nordax”), a leading niche bank in the Nordic region. The placement of its remaining shareholding in the company crystalises a 5.2x return on the investment. Vision Capital acquired a majority stake in Nordax in July 2010. During Vision Capital’s ownership, Nordax successfully implemented several important strategic initiatives to improve its business, including expansion into Germany and obtaining a banking licence from the Swedish FSA. Nordax successfully listed on Nasdaq