Nordic Capital to Acquire Software Provider Board International

Nordic Capital is buying a majority stake in software maker Board International, expanding its portfolio of companies in the technology and payments sector.

Through the deal, the private-equity firm will support Switzerland and U.S.-based Board’s "continued international expansion through investment into the organization and its technology platform," it said in an emailed statement Wednesday. The transaction marks the sixth investment by Nordic Capital’s 4.3 billion-euro ($4.9 billion) Fund IX.