Nordic Capital sells stake in itself to Opac

Nordic Capital said the deal will facilitate further investment in the development of Nordic Capital's organisation and platform. The GP closed its latest fund on €4.3bn in May last year and recently announced its plans for further expansion in the US.

Opac is an investment firm based in Grand Rapids, Michigan. It is an independent affiliate of RDV Corporation and was set up to manage alternative investments.

The announcement follows a similar move by its competitor, BC Partners, which sold a minority stake to Blackstone Group in August.

Unquote explored the motivations behind, and conflicts inherent in, these kinds of transactions in a recent feature.

Evercore acted as financial adviser to Nordic Capital on the transaction, while Kirkland & Ellis provided legal advice.

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• Topics
• GPs
• Nordics
• Nordic Capital