Nordic Capital Fund V has sold its entire holding of 7,627,620 shares in Bufa Holding (20.0%, to institutional investors. Nordic Capital no longer holds any shares in the company.
Bufab was acquired by Nordic Capital in early 2005 through a public offering for Finnveden which was listed on the Stockholm Stock Exchange at the time. Shortly thereafter, Bufab became a stand-alone company with an independent management and board of directors.
Under Nordic Capital’s ownership, Bufab established a solid platform for sourcing and sales of C-Parts by expanding its presence from 10 to 23 countries. The Company has grown strongly with existing and new customers by offering its sourcing model, Supply Chain Partner. Over the last ten years, Bufab has reported average annual net sales growth of seven per cent.
“During its 10 year ownership period, Nordic Capital made significant investments in Bufab which enabled strong sales growth. At the same time, Bufab has been able to focus on its geographical expansion and delivering added value to its customers. Today, as a listed company, Bufab is well positioned with a solid platform for continued development and growth, both organically and through acquisitions,” says Ulf Rosberg, Senior Advisor, NC Advisory AB, advisor to the Nordic Capital Funds and board member of Bufab.
Bufab was listed on NASDAQ Stockholm in February 2014 and since then the share price has increased by 24%.
