Nordic Capital secures Munters

The acceptance period for remaining shares has been extended to 4 November. The offer of SEK 77 per share values the company at approximately SEK 5.7bn. Nordic Capital won the deal following a bidding war with rival industry buyer Alfa Laval.

An initial offer of SEK 68 per share was placed by Alfa Laval, which was beaten by Nordic Capital's SEK 73 offer. A subsequent increase in the share price by Alfa Laval led to Nordic Capital increasing the offer to SEK 77. The increased bid was subject to 50% accepting the offer. Nordic Capital is looking to acquire the remaining share capital in the extended acceptance period.

The transaction is financed with equity from Nordic Capital Fund VII and debt from Swedbank.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com

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• Topics
• Nordics
• Industrials
• Buyouts
• Sweden
• Nordic Capital