Altaroc
Managers

Nordic Capital

Nordic Capital a Fund manager specializing in mid-market companies in Europe
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
Healthcare
-
Services
-
regional split
Europe
-
North America
-
Nordic Capital a Fund manager specializing in mid-market companies in Europe

Nordic Capital key figures

1989
year of inception
31 €bn
of assets under management
10
global offices
+230
professionals
Data as of April 1, 2021. Source: public data from companies' websites and social media accounts. For more up-to-date information, we invite our investors to consult the reports available in their investor relations section.
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.

Spotlight on the Nordic Capital funds Nordic Capital Altaroc portfolios

Nordic Capital XI

Odyssey 2021
Selected fund
regional split
Northern Europe, North America
target sectors
Health, Technology, Payments and Financial Services
Diversification
~ 20 investments
Enterprise value
Between 300 M€ and 2 Mds€
Investment ticket
Between €200 million and €1 billion
Role
Majority or controlling positions

Nordic Capital XII

Odyssey 2025
Horizon 2025
Selected fund
regional split
North America, Europe
target sectors
Technology, Health and Financial Services
Diversification
12 - 15 investments
Enterprise value
Between 300 M€ and 2 Mds€
Investment ticket
Between 200 m€ and 450 m€
Role
Majority or controlling positions

Videos from the Fund manager Nordic Capital

Discover the new Vintage Altaroc Odyssey 2025

Discover the Vintage Altaroc Horizon

Odyssey 2024
Odyssey 2025
Horizon 2024
Horizon 2025
Odyssey 2024
Odyssey 2025
Horizon 2024
Horizon 2025
Odyssey 2021
Odyssey 2025
Horizon 2025
Europe
North America
Healthcare
Services
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