Nordic Capital acquires MFEX

The GP followed the development of MFEX for a few years before negotiating a primary buyout together with management. It deployed the capital from its eighth fund, which held a final close on its hard-cap of €3.5bn in December 2013.

Fund VIII continues the strategy of Nordic Capital's previous vehicles, focusing on mid-market companies in the Nordic region and the rest of Europe. Launched in 2012, the vehicle hit a first close on €1.7bn in February 2013, exceeding its expected €1.5bn first-close target. According to unquote" research, the fund was deployed at approximately 62% as of March this year.

The sponsor is currently on the fundraising trail for Fund IX with a target touted in the vicinity of its previous fund, as previously reported by unquote".

Company
Founded in 1999, MFEX provides infrastructure for mutual fund distribution, facilitating access between fund companies and distributors in Europe. It connects 800 fund companies from 40 legal domiciles to 100 distributors from 30 countries. The platform claimed to have €72bn assets under administration as of July 2017. It is headquartered in Stockholm and has offices in Paris, Geneva, Singapore and Umeå.

People
NC Advisory – Christian Frick (partner).
MFEX – Oliver Lagerström, Olivier Huby (co-CEOs).

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• Topics
• Buyouts
• Nordics
• Financials
• Nordic Capital
• Sweden