Transactions

GP / Acquirer

Company

Nordic Capital agreed to acquire a majority stake in TradingHub, a leading trade surveillance technology platform for global financial institutions. Founded in 2010, TradingHub processes over 4 billion trades per day and serves major investment banks, asset managers, and hedge funds. Existing investor Summit Partners and co-founder Neil Walker retain minority positions.

GP / Acquirer

Company

Altor acquired a majority stake in Eltera, the leading Norwegian provider of electrical installation services. Founded in 2013, Eltera has grown to over 30 operating entities and more than 1,000 employees across Norway. The company operates a decentralised model combining local entrepreneurship with collective scale benefits.

GP / Acquirer

Company

Altor signed an agreement to acquire a majority stake in Evac, a global leader in integrated water and waste management systems for marine and land-based industries. Founded in 1979 and headquartered in Espoo, Finland, Evac operates the well-known brands Evac, Cathelco, and HEM. Evac management reinvested alongside Altor.

GP / Acquirer

Company

Nordic Capital acquired an 80% stake in Evosep, a Danish innovator of sample preparation and separation solutions for LC-MS-based proteomics. Founded in 2016 in Odense, Evosep's technology enables fast, high-throughput protein analysis for translational research and biopharma. Founders Ole Vorm and Matthias Mann remained invested. Minority shareholders Novo Holdings and EIFO fully divested.

GP / Acquirer

Company

Nordic Capital acquired BMLL, an independent provider of harmonised historical order book data and analytics. Founded in 2014 at the University of Cambridge, BMLL delivers Level 1–3 order-book data across global equities, ETFs, and futures. The deal was conducted alongside BMLL's management and minority shareholder Optiver.

GP / Acquirer

Company

Norvestor IX signed an agreement to acquire Norautron from Embron Group, a family-owned investment company controlled by the Broch family. Norautron, headquartered in Horten, Norway, is a full-service electronics manufacturer with 1,000+ employees across 6 countries, serving sectors including maritime, energy, defence, and healthcare. The Broch family retained a minority position.

GP / Acquirer

Company

EQT, together with co-investor First Kraft, completed a take-private of Fortnox, Sweden's leading provider of cloud-based business applications for SMEs, accountants, and auditors. Initially offered at SEK 44.5bn (~$4.5B), the final valuation reached approximately $5.5B. EQT acquired over 90% of shares by July 4, 2025, triggering compulsory redemption and delisting from Nasdaq Stockholm. The largest Nordic PE deal of 2025.

GP / Acquirer

Company

Altor Fund VI acquired a majority stake in IMBOX Protection, entering into a partnership with founder René Marker and the Grundtvig family. IMBOX is a Danish company specialising in shoe protection and care products. The founders continued as partners alongside Altor, with the firm supporting the company's international expansion ambitions.

GP / Acquirer

Company

EQT sold Karo Healthcare, one of Europe's leading consumer health platforms with a wide portfolio of OTC brands across Europe, to KKR for over €2.5 billion. One of the largest Nordic PE transactions of 2025 and a major exit for EQT, underscoring strong buyer appetite for high-quality Nordic consumer health assets.

GP / Acquirer

Company

Altor completed the divestment of Wrist, the global leader in marine supply, provisions, spare parts logistics, and budget management for the shipping industry. Wrist was sold to J.F. Lehman & Company, a US private equity firm specialising in aerospace, defence, and maritime sectors.