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 Stockholm on 17 June 2015 with the IPO several times oversubscribed and priced at the top of the range. Vision Capital sold down its remaining shareholding in Nordax in three tranches; in addition to the sale of shares announced yesterday, Vision Capital previously sold a 13.5% stake on 14 September 2016 and a 9% stake on 15 November 2016.

ENDS

For further information, please contact:

Brunswick Group

London: Tom Burns/Alison Kay

+44(0)20 7404 5959

Notes to Editors:

About Vision Capital

Vision Capital is an international investment group which invests as an active owner of mid-sized businesses in Europe and North America, always seeking to create sustainable value, and has recently launched its Principal Finance business, providing flexible capital to funds and owners of portfolios. Vision Capital has specialist expertise and experience in both the dynamics of private equity funds and the strategic development of companies. The firm has a history of innovation in private equity, having pioneered a number of different types of investment transactions since its foundation in 1997.  Vision Capital’s 16 portfolio companies have combined revenues of approximately $3.5bn and over 20,000 people worldwide.