Bure sells Nordic Capital shareholdings….

Bure Equity has signed an agreement to sell all of its holdings in Nordic Capital Funds II, III and IV. The total consideration for the transaction is expected to result in a gain over book value of Skr 146m. Following the deal, the firm's net debt will be significantly reduced on the parent company level to Skr 425m, and then further reduced to Skr 245m as the transaction is completed through three additional instalments to be paid out over the following 12 months. The purchase price has not been disclosed. Bure will have no outstanding commitments towards Nordic Capital, but will retain a shareholding of approximately 8% in Mölnlycke Healthcare and an approximate 10% stake in Elmo Leather. These holdings, with a total book value of Skr 191m, were acquired in parallel with Nordic Capital's funds and are to be divested.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• GPs
• Nordics
• Healthcare