Investor AB, the Wallenberg family’s publicly traded holding company, agreed to buy Swedish powered-wheelchair manufacturer Permobil for an enterprise value of 5.1 billion kronor ($783 million) from a Nordic Capital fund.
Nordic Capital, a Swedish buyout firm specializing in Scandinavian and German-speaking countries, raised about 1.7 billion euros ($2.2 billion) in the first close of its latest fund, said two people briefed on the matter.
Private equity companies say a decision by the Swedish Tax Agency to more than double duties on their carried interest will jeopardize Sweden’s status as an investment haven and could force advisory firms to fold.
Nordic Capital, a Swedish private- equity firm, told investors it will seek 25 percent less than the 4 billion euros ($5.2 billion) it initially targeted for its latest buyout fund, two people with knowledge of the talks said.
PPR SA, the owner of Gucci, said one of Swedish buyout firm Nordic Capital’s funds agreed to buy two units of its Redcats home-shopping business, bringing proceeds from selling the division’s parts to more than $1 billion.
Nordic Capital, a private-equity firm that invests in Northern Europe, is offering a 1.5 percent management fee for a buyout fund that seeks to raise 4 billion euros ($5.3 billion), according to a person briefed on the fundraising.
Providence Equity Partners Inc. is losing two managing directors, adding to at least three top departures last year, as the buyout firm struggles to raise a new fund less than half the size of its predecessor.
ProSiebenSat.1 Media AG, Germany’s biggest private broadcaster, has chosen Providence Equity Partners Inc., Nordic Capital and Discovery Communications Inc. for the next round in the sale of its Scandinavian businesses, according to two people familiar with the matter.