- Norvestor first invested in Foxway in January 2019
- Nordic Capital is a private equity investor based in Stockholm, Sweden
- Norvestor is a private equity firm focusing on mid-market buyouts in the Nordic region
Nordic Capital has signed an agreement to acquire a majority share in Foxway, a European provider of circular IT services.
No financial details of the transaction were disclosed.
Foxway is based in Stockholm, Sweden. The company reported over SKr 7.6 billion (€651.07 million; $711.62 million) in gross revenue in 2022.
“With a focus on M&A, expansion, and further investments in operational excellence, Foxway will be in a strong position to help accelerate an industry-wide sustainable transformation,” said Joakim Andreasson, MD, Nordic Capital Advisors.
Nordic Capital will, in partnership with Foxway’s management and alongside its current owners Norvestor, support continued growth, and international expansion, according to a release.
Norvestor first invested in Foxway in January 2019.
The transaction is expected to be completed in the third quarter of 2023 and is subject to relevant regulatory approvals.
Nordic Capital is a private equity investor with a focus on healthcare, technology & payments, financial services, and selectively, industrial & business services sectors. The firm is based in Stockholm, Sweden.
Norvestor is a private equity firm focusing on mid-market buyouts in the Nordic region. The firm has offices located in Oslo, Stockholm, Helsinki, and Luxembourg.
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