Altaroc
Managers

Nordic Capital

Nordic Capital is an iconic management company and a pioneer of private equity in the Nordic countries. Its teams have gradually become highly specialized in four sectors: Technology, Healthcare, Financial Services, Services & Industrial Technology. Today, Nordic Capital is a leading player in the European upper mid-market and large cap segments, and also invests in North America in its two sectors of greatest expertise: Technology and Healthcare.
Nordic Capital
Strategy
Growth, Buyout
sectors
Technology and Software
-
Healthcare
-
B2B services
-
regional split
Europe
-
North America
-
In the selection universe
In the vintage(s)

Nordic Capital key figures

1989
year of inception
31 €bn
assets under management
10
global offices
+230
professionals
Source: Public data from companies’ websites and social media accounts. For more up-to-date information, we invite our investors to view the report made available on their space.

About Nordic Capital

Founded in 1989 in Stockholm, Nordic Capital is a leading private equity management company in the Nordic countries. Today, it is independent and majority-owned by its partners.

Operating mainly in Scandinavia and Northern Europe in general, Nordic Capital employs over 230 people (half of whom are dedicated to investment) in 10 offices (Copenhagen, Frankfurt, Helsinki, Jersey, London, Luxembourg, New York, Oslo, Seoul, Stockholm).

Since 2016, it has been headed by Kristoffer Melinder, who spent most of his career (25 years) at Nordic Capital. He has redefined the firm's strategy towards sector overspecialization, abandoning the historically underperforming sectors in favor of the best performers.

The platform currently manages more than €31 billion in private equity assets via two ranges of buyout funds: Nordic Evolution funds for company values from €50 million to €300 million, and Nordic Capital funds for company values from €300 million to €2 billion.

What sets Nordic Capital apart

An iconic company in Northern Europe

With 30 years' experience, Nordic Capital is a pioneer in private equity in the Nordic countries.

At the end of the 2008 economic crisis, the company began a first stage of sector specialization, gradually abandoning cyclical and underperforming sectors, and retaining only the best.

This sector specialization strategy intensified in 2016, gradually focusing on healthcare (around 40%), the technology and payments sector (around 40%) and financial services (around 20%).

Within these sectors, Nordic has prioritized some fifteen niche sub-sectors in which the team proactively seeks thematic investment opportunities.

Investment quality and discipline

Within its portfolio of majority and controlling shareholdings, Nordic systematically implements carefully timed transformation plans to accelerate development and value creation.

Given the large number of transactions executed in a very limited number of sectors, Nordic benefits from unique scale effects:

- The company has built up a considerable knowledge base, enabling it to rapidly identify value-creation levers ("pattern recognition").

- It capitalizes on a substantial in-house operational team (17 salaried members) and a network of top-quality external experts (100+ top-level contacts)

Nordic Capital Capital's high added value

Nordic Capital benefits from a proven infrastructure and distinct competitive advantages:

- Cutting-edge sector expertise: The company has gradually strengthened its sector approach, targeting growth sectors such as healthcare, financial services and technology, drawing on decades of experience, in-depth expertise and dedicated teams.

- Exceptional sourcing capabilities: Nordic Capital is renowned for its ability to source and secure first-class opportunities. Its reputation, particularly strong in Scandinavia and Northern Europe, and its long-standing relationships with management teams, make it a partner of choice for executives seeking strategic and operational support. Thanks to the industrial and methodical management of a proprietary, long-term and prioritized opportunity flow ("Shadow Portfolio"), Nordic succeeds in generating low-competition opportunities.

- Pan-European and global strategy: Nordic Capital stands out from local players thanks to its international network and its ability to support business leaders in cross-border development opportunities.

- An integrated approach to maximize value creation: Nordic Capital has set up an in-house operational team to transform its portfolio companies in key areas (digitalization, internal processes, ESG, external growth).

The differentiating factors presented reflect the opinions of the Altaroc investment team. Past performance is not a reliable guide to future results.

Focus on Nordic Capital funds

Nordic Capital XI

Selected fund
Fund(s) under selection
regional split
Northern Europe and North America
target sectors
Health, Technology, Payments and Financial Services
Diversification
Around 20 investments
Enterprise value
Between 300 M€ and 2 Mds€
Investment ticket
Between 200 M€ and 1 Mds€
Role
Majority or controlling positions
regional split
Northern Europe and North America
target sectors
Health, Technology, Payments and Financial Services
Diversification
Around 20 investments
Enterprise value
Between 300 M€ and 2 Mds€
Investment ticket
Between 200 M€ and 1 Mds€
Role
Majority or controlling positions

Nordic Capital Evolution II

Selected fund
Fund(s) under selection
regional split
Northern Europe
target sectors
Tech & payments, Healthcare, Financial services
Diversification
12-15 investments
Enterprise value
Between 50 m€ and 300 m€
Investment ticket
Less than €150m
Role
Majority or controlling
regional split
Northern Europe
target sectors
Tech & payments, Healthcare, Financial services
Diversification
12-15 investments
Enterprise value
Between 50 m€ and 300 m€
Investment ticket
Less than €150m
Role
Majority or controlling

Nordic Capital XII

Selected fund
Fund(s) under selection
regional split
North America (30%) - Europe (70%)
target sectors
Technology, Health and Financial Services
Diversification
12-15 investments
Enterprise value
Between 300 M€ and 2 Mds€
Investment ticket
Between €200 and €450 million
Role
Majority control
regional split
North America (30%) - Europe (70%)
target sectors
Technology, Health and Financial Services
Diversification
12-15 investments
Enterprise value
Between 300 M€ and 2 Mds€
Investment ticket
Between €200 and €450 million
Role
Majority control

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General Terms and Conditions

Dieser Bereich der Website von Altaroc Partners richtet sich ausschließlich an professionelle oder sachkundige Anleger.

Mit dem Zugriff bestätigen Sie, dass Sie ein professioneller Anleger im Sinne der Richtlinie 2014/65/EU und des Artikels L.533-16 des französischen Währungs- und Finanzgesetzbuchs sind, der über die erforderliche Erfahrung, das Wissen und die Fachkenntnisse verfügt, um eigenständige Anlageentscheidungen zu treffen und die damit verbundenen Risiken angemessen einzuschätzen; ein sachkundiger Anleger gemäß Artikel 423-49 der Allgemeinen Vorschriften der AMF; oder ein ausländischer Anleger, der nach dem Recht seines Wohnsitzlandes einer vergleichbaren Kategorie angehört, in der Lage ist, mindestens 100.000 Euro zu investieren und eine langfristige Anlagelösung sucht.

Die Fonds von Altaroc Partners bergen Risiken in Bezug auf Kapitalverlust und Liquidität und sind möglicherweise nicht geeignet für Anleger, die planen, vor Ablauf der empfohlenen Anlagedauer auszusteigen.

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Accedendo, confermate di essere un investitore professionale ai sensi della Direttiva 2014/65/UE e dell’articolo L.533-16 del Codice Monetario e Finanziario francese, con l’esperienza, le conoscenze e le competenze necessarie per prendere decisioni d’investimento autonome e valutare correttamente i rischi connessi; un investitore esperto come definito dall’articolo 423-49 del Regolamento Generale dell’AMF; oppure un investitore estero appartenente a una categoria equivalente secondo la normativa del proprio Paese di residenza, in grado di investire un importo minimo di 100.000 euro e interessato a un investimento a lungo termine.I fondi di Altaroc Partners comportano rischi di perdita del capitale e di liquidità, e potrebbero non essere adatti a investitori che prevedono di disinvestire prima del periodo di detenzione raccomandato.

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Cette partie du site Internet d’Altaroc Partners est réservée aux Investisseurs privés non professionnels au sens de la directive 2014/65/UE ainsi qu’aux investisseurs étrangers appartenant à une catégorie équivalente sur le fondement du droit du pays dont ils relèvent. Avant de consulter le site, nous vous prions de lire attentivement les informations présentes dans les mentions légales pour votre protection et dans votre intérêt. J’ai lu et j’accepte les modalités d’utilisation de ce site dès lors que je me connecte.

Cette partie du site Internet d’Altaroc Partners est réservée aux Investisseurs privés non professionnels au sens de la directive 2014/65/UE ainsi qu’aux investisseurs étrangers appartenant à une catégorie équivalente sur le fondement du droit du pays dont ils relèvent. Avant de consulter le site, nous vous prions de lire attentivement les informations présentes dans les mentions légales pour votre protection et dans votre intérêt. J’ai lu et j’accepte les modalités d’utilisation de ce site dès lors que je me connecte.

Cette partie du site Internet d’Altaroc Partners est réservée aux seuls investisseurs professionnels ou avertis.

En y accédant, vous confirmez être un investisseur professionnel au sens de la directive 2014/65/UE et de l’article L.533-16 du Code monétaire et financier, disposant de l’expérience, des connaissances et des compétences nécessaires pour prendre vos propres décisions d’investissement et évaluer correctement les risques encourus ; un investisseur averti tel que défini à l’article 423-49 du Règlement général de l’AMF, ou un investisseur étranger appartenant à une catégorie équivalente en vertu du droit de votre pays de résidence, susceptible d’investir un montant minimum de 100.000 euros et recherchant un placement de long terme.

Les fonds d’Altaroc Partners comporte des risques de perte en capital et de liquidité et pourrait ne pas convenir aux investisseurs qui prévoient de retirer leur apport avant la durée de placement recommandée. Avant de consulter le site, nous vous prions de lire attentivement les informations présentes dans les « mentions légales » pour votre protection et dans votre intérêt.

Cette partie du site Internet d’Altaroc Partners est réservée aux seuls investisseurs professionnels ou avertis.

En y accédant, vous confirmez être un investisseur professionnel au sens de la directive 2014/65/UE et de l’article L.533-16 du Code monétaire et financier, disposant de l’expérience, des connaissances et des compétences nécessaires pour prendre vos propres décisions d’investissement et évaluer correctement les risques encourus ; un investisseur averti tel que défini à l’article 423-49 du Règlement général de l’AMF, ou un investisseur étranger appartenant à une catégorie équivalente en vertu du droit de votre pays de résidence, susceptible d’investir un montant minimum de 100.000 euros et recherchant un placement de long terme.

Les fonds d’Altaroc Partners comporte des risques de perte en capital et de liquidité et pourrait ne pas convenir aux investisseurs qui prévoient de retirer leur apport avant la durée de placement recommandée. Avant de consulter le site, nous vous prions de lire attentivement les informations présentes dans les « mentions légales » pour votre protection et dans votre intérêt.

This section of the Altaroc Partners website is exclusively intended for private investors who are classified as non-professional under Directive 2014/65/EU, as well as international investors belonging to an equivalent category pursuant to the applicable regulations of their country of residence. Before accessing the website, please carefully review the information provided in the Legal Notice section, which has been prepared for your protection and benefit. By proceeding, I confirm that I have read and accept the terms and conditions of use for this website.

This section of the Altaroc Partners website is exclusively reserved for professional or qualified investors.By accessing this content, you confirm that you are either:

  • A professional investor as defined by Directive 2014/65/EU (MiFID II) and Article L.533-16 of the French Monetary and Financial Code, possessing the necessary experience, knowledge, and expertise to make your own investment decisions and properly evaluate associated risks;
  • A qualified investor as defined in Article 423-49 of the AMF General Regulation; or
  • An international investor belonging to an equivalent category under the laws of your country of residence, able to invest a minimum amount of €100,000 and seeking a long-term investment.

Funds managed by Altaroc Partners involve risks, including capital loss and liquidity constraints, and may not be suitable for investors planning to withdraw their investment before the recommended holding period.Before proceeding, please carefully review the information provided in the "Legal Notice" section for your own protection and benefit

This section of the Altaroc Partners website is exclusively reserved for professional or qualified investors.By accessing this content, you confirm that you are either:

  • A professional investor as defined by Directive 2014/65/EU (MiFID II) and Article L.533-16 of the French Monetary and Financial Code, possessing the necessary experience, knowledge, and expertise to make your own investment decisions and properly evaluate associated risks;
  • A qualified investor as defined in Article 423-49 of the AMF General Regulation; or
  • An international investor belonging to an equivalent category under the laws of your country of residence, able to invest a minimum amount of €100,000 and seeking a long-term investment.

Funds managed by Altaroc Partners involve risks, including capital loss and liquidity constraints, and may not be suitable for investors planning to withdraw their investment before the recommended holding period.Before proceeding, please carefully review the information provided in the "Legal Notice" section for your own protection and benefit

This section of the Altaroc Partners website is exclusively intended for private investors who are classified as non-professional under Directive 2014/65/EU, as well as international investors belonging to an equivalent category pursuant to the applicable regulations of their country of residence. Before accessing the website, please carefully review the information provided in the Legal Notice section, which has been prepared for your protection and benefit. By proceeding, I confirm that I have read and accept the terms and conditions of use for this website.

This website allows you to consult only the information related to the Funds that are subject to a public offering in the selected country. This website is not intended for individuals subject to jurisdictions where the publication or access to the website is prohibited due to their nationality or place of residence. Individuals accessing the website acknowledge that they are solely responsible for complying with the laws and regulations applicable in their country of residence and/or nationality.

This website is an informational platform designed to present the portfolio management activities of Altaroc Partners S.A., as well as the main characteristics of its Funds and services. No information or opinion expressed on this website constitutes a solicitation, an offer, or a recommendation to buy, sell, or transfer an investment, to engage in any other transaction, or to provide investment advice or services.

Before investing in a Fund, which by nature involves a risk of loss of the invested capital, we invite you to consult an investment advisor and to review the Key Information Document (KID), the prospectus, and any other supplementary information available on this website. A paper version can be requested from any authorized distributor or directly from the Management Company. These documents will be provided free of charge at any time upon request.

Please note that the information and documents provided do not take into account your personal investment objectives, strategy, tax status, risk appetite, or investment horizon. We recommend consulting your personal advisor for tailored investment advice.

Altaroc Partners S.A. reserves the right to modify the content of this website at its sole discretion and without prior notice.

Investors are reminded that past performance is not indicative of future results and is not constant over time. Our Funds do not offer any guarantee of returns or performance and involve a risk of capital loss. Past performance should not be the primary factor in your investment decision.

This website is not intended for citizens or residents of the United States of America or “U.S. Persons” as defined under “Regulation S” of the United States Securities Act of 1933. None of the Funds presented herein may be offered or sold, directly or indirectly, in the United States of America, to residents or citizens of the United States of America, or to “U.S. Persons.”

By choosing to access our website, you acknowledge having read and accepted these Terms and confirm that you are accessing this website in compliance with the laws and regulations of the jurisdiction or country in which you reside.

This website allows you to consult only the information related to the Funds that are subject to a public offering in the selected country. This website is not intended for individuals subject to jurisdictions where the publication or access to the website is prohibited due to their nationality or place of residence. Individuals accessing the website acknowledge that they are solely responsible for complying with the laws and regulations applicable in their country of residence and/or nationality.

This website is an informational platform designed to present the portfolio management activities of Altaroc Partners S.A., as well as the main characteristics of its Funds and services. No information or opinion expressed on this website constitutes a solicitation, an offer, or a recommendation to buy, sell, or transfer an investment, to engage in any other transaction, or to provide investment advice or services.

Before investing in a Fund, which by nature involves a risk of loss of the invested capital, we invite you to consult an investment advisor and to review the Key Information Document (KID), the prospectus, and any other supplementary information available on this website. A paper version can be requested from any authorized distributor or directly from the Management Company. These documents will be provided free of charge at any time upon request.

Please note that the information and documents provided do not take into account your personal investment objectives, strategy, tax status, risk appetite, or investment horizon. We recommend consulting your personal advisor for tailored investment advice.

Altaroc Partners S.A. reserves the right to modify the content of this website at its sole discretion and without prior notice.

Investors are reminded that past performance is not indicative of future results and is not constant over time. Our Funds do not offer any guarantee of returns or performance and involve a risk of capital loss. Past performance should not be the primary factor in your investment decision.

This website is not intended for citizens or residents of the United States of America or “U.S. Persons” as defined under “Regulation S” of the United States Securities Act of 1933. None of the Funds presented herein may be offered or sold, directly or indirectly, in the United States of America, to residents or citizens of the United States of America, or to “U.S. Persons.”

By choosing to access our website, you acknowledge having read and accepted these Terms and confirm that you are accessing this website in compliance with the laws and regulations of the jurisdiction or country in which you reside.

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