Nordic Capital has acquired Swiss enterprise software company Board International alongside its founders and management.
It is the sixth investment from Nordic Capital's €4.3bn Fund IX, which held a final close in May 2018.
The GP will take a majority stake in the buyout, with the founders and management remaining as significant shareholders.
Previous investor Grafton Capital has made an exit in the sale but will retain a small minority stake. Oliver Thomas, partner at Grafton, will step down from the board.
Nordic said it will support the firm's continued international expansion and invest in the organisation and technology platform.
UK-based growth equity firm Grafton Capital acquired a minority stake in Board in 2016 in exchange for a CHF 23.4m (£18m) investment.
Board was founded in 1994 and is dual-headquartered in Chiasso, Switzerland, and Boston, US. The company develops enterprise software that enables its customers to deploy business intelligence, corporate performance management and predictive analytics applications on a single platform. Its customers include Coca-Cola, Volkswagen, Puma and Toyota.
The firm employs 300 people at its operations in Switzerland, Italy, Germany, France, the UK, Spain, the Netherlands, Belgium, Denmark, the US, Mexico, Argentina, Dubai, Hong Kong, India, Japan and Australia,
Nordic Capital – Fredrik Näslund (partner).
Grafton Capital – Oliver Thomas (partner).
Board International – Giovanni Grossi (CEO, co-founder).
Equity – Goldman Sachs (corporate finance).
Company – UBS (corporate finance).
One Peak Partners and Morgan Stanley Expansion Capital invested €22m in Quentic in 2017
Sale ends a two-year holding period for Charme, which acquired the company via its third fund
GP provides equity to support the acquisition of the US-based telecommunications firm
Simon Pilcher will be responsible for overseeing the investment strategy governing the scheme's £64bn in assets