Stockholm, November 25, 2014
PRESS RELEASE - NAXS Nordic Access Buyout Fund AB (publ)
This announcement is not an offer of securities for sale in the United States nor in any other country, and securities may not be offered or sold in the United States absent registration or an exemption from registration under U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. Nor does it constitute or form part of, and may not be used for the purposes of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities by any person in any jurisdiction, nor shall it or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment to do so, in which (i) such offer or invitation is not authorised; or (ii) in which the person making such offer or invitation is not qualified to do so; or (iii) to any person to whom it is unlawful to make such offer or invitation.
The divestment of Perten by Valedo Partners Fund I AB (Valedo I) is the latest exit in NAXS’ portfolio. Perten, which is headquartered in Stockholm, is a leading supplier of advanced analytical instruments for quality control of food, grain, flour and feed. The company was acquired by PerkinElmer Inc, a company listed on the NYSE.
Valedo I acquired a majority stake in Perten in 2010. Under the fund’s 4-year ownership, the company doubled in size through successful investments in product development and geographical expansion, and generates an annual turnover in excess of EUR 50 million with sales in more than 100 countries. The net purchase price of the transaction is approximately USD 266m. The total original fund size of Valedo I was approx. USD 135m. The transaction is subject to customary closing conditions.
The divestment of Perten tops a successful string of recent exits in NAXS’ portfolio, showcasing the increasing maturity of NAXS’ holdings. Amongst the recently announced exits were the divestments of Evidensia (a Valedo II portfolio company) and Trizetto (a Apax Europe VII portfolio company) in September, of Vizrt and Norman (both FSN Capital III portfolio companies) in November, while Nordic Capital announced that the Thule Group will be listed on the NASDAQ Stockholm on November 26, and FSN Capital III recently announced it was considering a listing of Troax.
Contact information
Lennart Svantesson, CEO
Telephone: +46 73 311 00 11
This press release and further information is available on the Company’s website: www.naxs.se
NAXS Nordic Access Buyout Fund AB (publ)
Corp. Reg. No. 556712-2972
Grev Turegatan 10
114 46 Stockholm, Sweden
Tel: +46 8 611 33 25, E-mail: info@naxs.se
NAXS is an investment company listed on the NASDAQ OMX Stockholm exchange and focusing on investments in Nordic buyout funds. The objective is to make the Nordic private equity market accessible for a broader public while offering liquidity through the Company's market-introduced shares
