Nordic Capital Said in Talks to Raise 3.5 Billion Euro Fund

  • Scandinavian fund could raise new pool of capital in 2017
  • Firm owns stakes in ConvaTec, Unilabs, Sunrise Medical

Scandinavian buyout firm Nordic Capital is in early talks with investors about raising about 3.5 billion euros ($3.94 billion) for its ninth fund next year, people familiar with the matter said.

The company will use the money to follow its current investment strategy, focused on the Nordic region and German-speaking countries as well as select targets in health care, said one of the people, who asked not to be identified because the information is private.

No final decisions have been made, and the target and timing may change depending on market conditions and the amount of capital deployed from previous funds, the people said. A representative for Nordic Capital declined to comment.

The target is in line with the buyout firm’s 2013 pool, which also raised 3.5 billion euros. Nordic had reduced the goal for its previous pool from 4 billion euros in the months leading up to the fundraising.

Current investments include the Swiss laboratory and services business Unilabs SA, wound care and hospital products developer ConvaTec Inc. and wheelchair and mobility manufacturer Sunrise Medical Inc.