The remaining shareholding was sold on June 5, 2019, and the book-building generated large investor interest with the book multiple times oversubscribed.
Nordic Capital Fund VII acquired a majority stake in Resurs in 2012 with one of the founding shareholders, the Bengtsson family, remaining a significant minority owner. Since then, the business expanded both in terms of size and geographic reach, both through organic growth and acquisitions, developing into a modern and market leading consumer finance company.
During Nordic Capital’s holding period, Resurs has more than quadrupled in size and transformed itself from being a predominantly Swedish niche player into a leading Nordic full-service consumer finance group with strong presence in all four countries. Resurs was listed on NASDAQ OMX Stockholm in April 2016 and Nordic Capital Fund VII remained one of the largest shareholders in the company until its final sell down.
“Resurs has been with Nordic Capital for seven years and has had a fantastic journey establishing itself as a leading consumer finance provider in the Nordic region during a period when the financial services industry is going through transformational changes on the back of new regulations, technological developments and changing consumer behaviours. As a result, the importance for companies like Resurs of constantly developing in order to respond to these changes is continuously increasing. During its ownership, Nordic Capital has supported Resurs’ transformation from a local family-owned business to a fast-growing Nordic champion with a focused product portfolio and a strengthened competitive position. Since the public listing in 2016, the company has continued to develop very positively and it is now time to hand over to new and existing owners as Resurs continues its journey,” says Christian Frick, Partner and Head of Financial Services at the Advisor to the Nordic Capital Funds.
Resurs has, since its foundation in 1977, established itself as a leading partner for sales-driving payment and loyalty solutions in retail and e-commerce, and subsequently built a customer base of over 5.5 million private customers across the Nordic region.
Financial Services is one of Nordic Capital’s core sectors with 8 platform investments made in the sector since 2004 and close to EUR 1.9 billion of equity capital deployed to date. The Resurs shareholding divestment follows a period where the Nordic Capital Funds and vehicles have maintained a high level of recent transactional activity, to include four new platform investments completed since the beginning of 2019 through its most recent fund, Nordic Capital Fund IX.
About Nordic CapitalNordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services and in addition, Industrial Goods & Services and Consumer. Key regions are the Nordics, Northern Europe and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 14 billion in over 100 investments. The most recent fund is Nordic Capital Fund IX with EUR 4.3 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds and vehicles are based in Jersey and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital, please visit www.nordiccapital.com