Nordic Capital sells final Europris shares for NOK 1.9bn

Nordic Capital's exit returned more than 3x money to the fund, unquote" understands.

The accelerated bookbuilding run by Carnegie and DNB Markets saw Nordic Capital dispose of 54.6 million shares at NOK 35 apiece, held by Nordic Capital Fund VII through NC Europris Holding.

Nordic Capital's exit marks the end of a five-year investment in Europris, which it acquired in an SBO in 2012.

Previous funding
Nordic Capital most recently sold Europris shares in March 2016, when it realised a NOK 780m block of shares equivalent to 12%.

Europris was listed on the Oslo Stock Exchange in June 2015, in an IPO that valued the company at NOK 7.2bn.

The GP bought Europris in an SBO from IK Investment Partners three years prior, which saw the vendor reap 2.3x money.

Company
Europris is a Norwegian discount broadline retailer headquartered in Fredrikstad and founded in 1992.

Advisers
Vendor – Advokatfirmaet Selmer DA (legal).

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