Nordic Capital has signed an agreement to acquire fabricated copper products manufacturer Outokumpu Copper Products Oy from the Outokumpu Group, excluding the Tube and Brass division.
Outokumpu Copper had sales of €1.7bn in 2004 and employs 6,400 people. The company has 27 manufacturing sites in 13 countries.
Bo Söderberg, partner at Nordic Capital, said, ‘As an independent company we see good prospects for Outokumpu Copper to develop and grow going forward.’
‘Outokumpu Copper has good long-term customer relationships and great opportunities for growth, not least in the Asian markets and through new solutions of copper use that are being developed for future applications, including new markets created by stricter environmental standards,’ Söderberg added.
Nordic Capital focuses on investments in the Nordic middle-market arena. The firm has been very active in the first quarter of 2005. It joined forces with CVC Capital Partners to buy Amsterdam-based Leaf, the Sugar Confectionery division of the international food ingredients and confectionery company CSM, for approximately €850m.
Nordic Capital also signed an agreement to acquire the Swedish medical device company Atos Medical from Fisher Scientific International for $110m. Together with New York-based private equity firm Baker Capital Nordic Capital signed an agreement to sell their interest in C More Group, a premium pay-TV provider, to European media group SBS Broadcasting for €269.6m.
Copyright © 2005 AltAssets