Nordic Capital's Falck share sale ends IPO deliberations

The investor sold 36% of Falck's shares to The Lundbeck Foundation in December 2010. Prior to the partial sale in December, Nordic Capital and the other owners had intended to list the company. Following the sale to Lundbeck Foundation, IPO plans were still said to be alive, with a potential listing date in 2011. These deliberations have now ended with the current owners looking to be long term shareholders.

Nordic Capital and ATP Private Equity acquired a majority stake in Falck in 2004 following a public tender offer. The offer of DKK 60 per share put the acquisition price at approximately DKK 5.3bn. Nordic Capital owned just short of 80% of the share capital, with ATP holding an 11% stake. In 2005, Nordic Capital sold approximately 5% of its stake to Folksam.

Under Nordic Capital ownership, Falck's revenue has doubled and the company has expanded from operating in 10 countries to 31.

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