Nordic Capital, Sampo buy Nofi stake for €223m

The GP drew capital from €4.3bn buyout fund Nordic Capital IX, which held a final close in May last year.

Completion of the acquisition will occur in two tranches, the first 9.97% is expected to settle on 26 August 2019, and the remaining 7.50%, which is subject to approval by the Norwegian Financial Supervisory Authority, will be acquired once regulatory approval has been obtained.

Nordic and Sampo expect to respectively hold around 64% and 36% of the joint shareholding.

Company
Nofi was founded in 2007 and is headquartered in Oslo. The company is listed on the Oslo Børs and has a market cap of around NOK 11bn. It provides banking services through its digital platform, including personal loans, credit cards and current accounts. Nofi employs 84 people and has 1.6 million customers.

People
Nordic Capital – Christian Frick (partner).

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