BlackRock et al invest in Nordic Capital-backed Trustly
BlackRock Private Equity Partners, Aberdeen Standard Investments, Neuberger Berman, Investment Corporation of Dubai and RSIC are becoming minority shareholders in Nordic Capital-owned Trustly, an online account-to-account payments provider.
Nordic Capital remains the majority shareholder in Trustly, which it acquired in 2018. The deal will bring in additional long-term capital to support the company as it continues to invest in its products, infrastructure and expand globally, according to Nordic Capital.
Citigroup Global Markets Limited acted as financial advisor in connection with the transaction. Oscar Berglund, CEO of Trustly, said he welcomes BlackRock and the other investors as minority shareholders in Trustly.
“With their support, we will double-down on developing the online banking payments solution that our merchants and billers and their customers love,” said Berglund.
He added: “At Trustly, we’re leveraging local bank-to-bank payment rails to build a global online banking payments network that enables people to pay directly from their bank accounts in a safe and convenient manner.”
Fredrik Näslund, partner at Nordic Capital Advisors, commented: “It is a testament to Trustly’s amazing success that Nordic Capital is able to attract such a consortium of world-class investors.”