Nordic Capital to list Bufab

The offer, which includes around 55.5% of the company's shares, consists of two parts: one to the public in Sweden and one institutional offer. First day of trading is expected to be 21 February.

If the offer is used in full, including its over-allotment option, up to 72.5% of Bufab's shares will be sold in the offering for SEK 44-50 per share, giving the company a market capitalisation of between SEK 1.7-1.9bn.

Carnegie and Handelsbanken acted as joint lead managers and joint bookrunners.

Bufab supplies components such as nuts and screws to the manufacturing industry. Its product range includes stock standard fasteners, special fasteners, branded products, turned parts and stamped parts.

The company's net sales reached SEK 2bn with operating profit of SEK 201m in 2013. During the last 10 years, Bufab has reported an average annual turnover growth rate of 7%.

Founded in 1977 and based in Värnamo, Sweden, Bufab operates in 23 countries and employs around 750 people. Between 1990 and 2005 Finnveden became the owner of Bufab and the group acquired 17 companies.

Nordic Capital acquired Bufab via its fifth fund in 2004. With the buyout house's support, the group has acquired eight companies and started 11 new subsidiaries.

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• Nordics
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• Nordic Capital