Case Study
Thule (Nordic Capital)
Thule (Nordic Capital)
Nordic Capital faces a critical decision with its investment in Thule, a Swedish car accessory and roof box manufacturer. After a tertiary buyout in 2007, Thule breaches its loan covenants during the 2008 financial crisis. The case explores restructuring options, lender negotiations, and whether Nordic Capital should inject additional equity to save the investment.
Covenant breach
Financial restructuring
2008 crisis
Lender negotiations
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