Nordic Capital makes 3x money on Bufab

Bufab shares opened at SEK 55.5 on 4 December when Nordic Capital announced the completion of its sale of 7.6 million shares to institutional investors, implying a profit on the sale of around SEK 421m.

The GP's shares in Bufab had been held in its 2003-vintage Nordic Capital Fund V, the €1.5bn vehicle that acquired Bufab in 2005, when it bought Finnveden and delisted it from the Stockholm stock exchange.

Since Bufab was floated in February this year, its share price has grown by around 24%.

During Nordic Capital's ownership, Bufab reported average annual net sales growth of 7%, according to the GP.

Previous funding
Bufab was carved out of its parent, Finnveden, which the GP had taken private in early 2005. With Nordic Capital's backing, the company since acquired eight companies and created 11 new subsidiaries.

Nordic Capital listed Bufab on the Stocholm stock exchange in February 2014, in an IPO which valued the company at SEK 1.7bn.

Company
Bufab supplies components such as nuts and screws to the manufacturing industry, including products such as stock standard fasteners, special fasteners, turned and stamped parts.

Founded in 1977 and based in Värnamo, Sweden, Bufab operates in 23 countries and employs 750 people. Between 1990-2005 Finnveden became the owner of Bufab and the group acquired 17 companies.

People
Ulf Rosberg is a senior adviser to NC Advisory, the adviser to the Nordic Capital funds and a member of the Bufab board.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Industrials
• Nordics
• Exits
• Sweden
• Nordic Capital