Nordic Capital sells 8.75% stake in Resurs for SEK 980m

The GP will retain a 26.18% stake in Resurs following the placement, which saw 17.5 million shares sold at SEK 56 apiece via an accelerated bookbuilding process.

The partial divestment comes nine months after Resurs listed in Stockholm with a valuation of SEK 11bn.

Resurs' share price has remained relatively consistent with the SEK 55 price the stock was introduced at in its IPO, which originally saw Nordic Capital reaping SEK 2.36bn. The GP, management and the Bengtsson family sold a combined 37.3% stake in Resurs in the flotation with no new shares issued.

Nordic Capital remains invested in Resurs via its 2007-vintage Nordic Capital VII fund, which held a final close in November 2008 on €4.3bn. The firm has agreed to a 90-day lock-up period in relation to its remaining stake in the business as part of the sale.

Carnegie and Morgan Stanley acted as joint bookrunners in the latest placement.

Previous funding
Nordic Capital took a 55% stake in Resurs through an MBO from the founding Paulson family in July 2012.

Company
Headquartered in Helsingborg and founded in 1977, Resurs is a retail finance company facilitating consumer loans and insurance products, among other offerings, through a network of partners.

Operating across the Nordic region, the company had a loan portfolio of SEK 18.2bn at the end of 2015 and posted an operating income of SEK 2.37bn in the 2015 financial year.

People
Resurs – Jan Samuelson (chairperson); ​Kenneth Nilsson (CEO).

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• Topics
• Exits
• Nordics
• Financials
• Sweden
• Nordic Capital
• Partial sale