Nordic Capital is a privately owned company headquartered in Sweden. Founded in 1989, and employing approximately 290 individuals, the firm operates primarily in capital markets through its private equity funds. Nordic Capital's investment strategy focuses predominantly on Northern Europe, targeting selective industries such as Healthcare, Tech & Payments, and Financial Services.
Nordic Capital united Qred and Liberis on June 23, 2026, creating a global small and medium-sized business (SMB) financing powerhouse. This initiative aims to address a multi-trillion-dollar financing gap for SMBs, which form the backbone of the global economy, representing over 99% of European enterprises and driving nearly half of all private-sector employment in the United States, amidst a scaling back of conventional commercial lending by traditional banks. Earlier on June 23, Willkie advised FTV Capital on the sale of its portfolio company Liberis, a global embedded finance platform, to Nordic Capital, facilitating the planned combination with Qred, a prominent European digital small business bank. This follows Nordic Capital's acquisition on June 22 of Vestum's pump and water technology business, Flowa, for SEK6.5 billion (€590 million); Vestum had created Flowa earlier this year by segmenting businesses from its Flow Technology division. On June 19, Latham & Watkins advised Nordic Capital on its acquisition of Liberis and further investment in Qred, setting the stage for the creation of this combined SMB financing platform.
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