City Nordic Financial News
26.10 / 18:35
Q&A with Nordic Capital Advisors’ Kristoffer Melinder: Deals, price corrections and fundraising
Nordic Capital has just raised its largest-ever fund, tapping investors for €9bn.
20.11 / 14:53
Provident
Southern
exclusive
information
2020
Interviews
International
Ontario Teachers' Pension Plan to co-own financial advisor Max Matthiessen
Ontario Teachers’ Pension Plan (OTPP) agreed to acquire a co-control stake in Stockholm-based financial advisor Max Matthiessen from private equity firm Nordic Capital Ltd.
15.10 / 08:27
Platform
Election
Hargreaves Lansdown shareholders approve £5.4bn takeover despite some pushback
Harp Bidco, a private equity consortium comprised of CVC Capital Partners, Nordic Capital and Abu Dhabi Investment Authority, made several bids back in the summer for the platform group, with the HL's board eventually agreeing to an offer in August. Hargreaves Lansdown agrees to £5.4bn PE takeover offer Yesterday (14 October), an 87% majority of HL shareholders voted in favour of the deal. However, 13.4% of shareholders voted against the offer. Shareholders will now have to decide if they want to participate in Bidco's ‘alternative offer', whereby eligible HL shareholders may elect...
14.06 / 11:35
Platform
Nick Train: 'We should not have been surprised' at Hargreaves Lansdown bid
Last month the investment platform rejected a £4.7bn takeover bid from a private equity consortium, comprising of CVC Capital Partners, Nordic Capital, and Platinum Ivy, a subsidiary of Abu Dhabi's sovereign wealth fund. The consortium had approached Hargreaves Lansdown several times in the past regarding an offer, but no firm bid had been made until May. In the latest monthly factsheet of the trust, which has been a long-term shareholder of the company, Train said he was watching developments not just at HL, but «across the whole sector with interest». The manager argued that the maj...
23.05 / 08:33
Platform
BlackRock
Department
Hargreaves Lansdown rejects bid from private equity consortium
The consortium comprises of CVC Advisers; Nordic Capital XI Delta; SCSP (also known as Nordic Capital); and Platinum Ivy B 2018 RSC, a wholly-owned subsidiary of Abu Dhabi Investment Authority managed by its private equity investment department. Hargreaves said the consortium's second bid – which was made on 26 April 2024 — offered 985 pence per ordinary share in the platform – valuing the company at more than £4.6bn, based on the total number of shares at its annual general meeting in October 2023. Hargreaves Lansdown partners with BlackRock for multi-asset index funds launch HL's...
13.03 / 13:41
UPS
Provident
Reuters
Software
wellness
information
regulatory
Exclusive-Nordic Capital considers sale of regulatory tech firm Regnology, sources say
By Amy-Jo Crowley and Emma-Victoria Farr
17.02 / 08:15
markets
COST
Provident
Platform
Diversity
Relationships
acquires
Nordic Capital acquires fintech company Zafin
PE investor Nordic Capital has signed an agreement to acquire a majority share in Zafin, a provider of SaaS core modernisation and transformation solutions for financial institutions. The investment is made in close partnership with Zafin’s founders and management, who will reinvest in the company alongside Nordic Capital, the company said in a statement.
12.09 / 01:57
26.10 / 02:19
Q&A with Nordic Capital Advisors’ Kristoffer Melinder: Deals, price corrections and fundraising
Nordic Capital has just raised its largest ever fund, tapping investors for €9bn.
01.02 / 13:46
Deal
Stanley Capital swoops on pharma sector for fourth deal
Stanley Capital Partners has swooped on a US pharma company in the latest sign of buyout appetite for the healthcare sector, Financial News sister title Private Equity News can reveal.
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