NORDIC MEZZANINE IS A LEADING EUROPEAN INDEPENDENT PROVIDER OF MEZZANINE FINANCE FOR BUYOUTS, GROWTH AND CAPITAL RESTRUCTURING.

INVESTMENT CRITERIA


Nordic Mezzanine focuses on mid-market transactions with an enterprise value between EUR 50 and 500 million. Focus regions are the Nordic Countries, Germany, Austria, Switzerland, the Netherlands and Belgium. The typical investment in a single transaction ranges between EUR 10 to 40 million.

Current portfolio companies

Barona, Finland

Investment made: December 2012


Barona is a multiservice company and its operations comprise recruitment services, outsourcing services, accommodation services and executive search. Annually Barona recruits around 10,000 employees and accommodates tens of thousands of people. Barona has also carried out the most significant outsourcing projects in its field. The company is today the largest human resources provider in Finland as well as one of the biggest employers. Barona also operates in Russia, Poland, Sweden and Estonia. Nordic Mezzanine arranged and underwrote the mezzanine loan for the transaction and is also an equity investor in the company, alongside the current management of Barona.

Wer liefert was? Service GmbH, Germany

Investment made: August 2012


WLW is the market leading online supplier search engine in the German speaking countries providing commercial suppliers a platform to present their products or services and enabling commercial purchasers to easily find them. The company was acquired by Paragon Partners in February 2012. Nordic Mezzanine invested in the equity of WLW on a minority basis.

Almondy, Sweden

Investment made: May 2012


Almondy is a Swedish bakery business producing almond-based cakes with different toppings and fillings. It is the leading Nordic company in the frozen cakes segment, with significant sales also outside the Nordic countries, in e.g. Germany and the UK. Segulah III L.P. is the main shareholder, together with management, since June 2008. In May 2012 Nordic Mezzanine provided a mezzanine loan in connection with a partial refinancing of the senior debt in Almondy. Nordic Mezzanine was the mezzanine arranger and is the sole mezzanine lender in the company.

Environmental Solutions Europe Holding B.V., The Netherlands 

Investment made: July 2010


Environmental Solutions Europe is the European co-market leader in manufacturing of plastic waste handling containers and related services, selling to municipal authorities and commercial waste collection providers. Stirling Square Capital Partners acquired the company together with management in July 2010. Nordic Mezzanine arranged and underwrote the Mezzanine financing for the transaction and is sole Mezzanine lender.

Powerlines Group, Austria

Investment made: December 2008

Powerlines is one of Europe's leading independent providers for planning, installation and maintenance of catenary systems for railways and mass transit (metro, tram, trolley-bus). Further activities include transmission, cable and telecommunications infrastructure. Headquartered in Vienna, Powerlines has operations in Austria, Germany and Scandinavia. The company was acquired by Gilde Buyout Partners and the management of Powerlines in December 2008. Nordic Mezzanine acted as mezzanine lead arranger and is the mezzanine facility agent.

Gunnebo Industrier, Sweden

Investment made: August 2008


Gunnebo Industrier develops, manufactures and distributes chain and lifting components and fastening systems for heavy lifting equipment as well as fastening products. In addition, the business includes traction devices and telescopic ladders. The company was acquired from the Stockholm Stock exchange in August 2008 by Segulah III L.P. and Segulah IV L.P. Nordic Mezzanine was the mezzanine lead arranger in the transaction and acts as mezzanine facility agent.

Almondy, Sweden

Investment made: July 2008

Almondy is a Swedish bakery business producing almond-based cakes with different toppings and fillings. It is one of the leading Nordic companies in the frozen cakes segment, with significant sales also outside the Nordic countries, in e.g. Germany and the UK. Segulah III L.P. acquired the company in June 2008. Nordic Mezzanine acted as lead mezzanine arranger and is the sole mezzanine investor in the transaction.

Euroflorist, Sweden

Investment made: September 2007

EuroFlorist is a leading European flowers-by-wire operator headquartered in Malmö, Sweden. Litorina Kapital, a Swedish private equity firm, acquired the company together with the management of EuroFlorist in September 2007. Nordic Mezzanine arranged and underwrote the whole mezzanine loan for the transaction and is also an equity investor in the company.

CTS Consulting, Finland

Investment made: August 2007

CTS is among the biggest Finnish providers of technical consulting services in pulp and paper, energy and petrochemistry. The management acquired the company from ÅF Group of Sweden in August 2007. Nordic Mezzanine underwrote the mezzanine loan for the transaction and became a minority shareholder through its equity investment.

Novagraaf, The Netherlands

Investment made: June 2007

Novagraaf is a leading European provider of outsourced management services related to corporate intellectual property ("IP"), headquartered in Amsterdam, The Netherlands. Gilde Buy Out Partners, a Dutch private equity firm, acquired the company from Alpinvest and Halder in June 2007. Nordic Mezzanine participated in the mezzanine debt of the transaction.

time:matters, Germany

Investment made: December 2006

time:matters is a specialist logistics company based in Germany. Aheim Capital led the acquisition of a majority stake in the company, formerly a wholly-owned subsidiary of Lufthansa Cargo AG. Nordic Mezzanine acted as mezzanine lead arranger and was appointed mezzanine facility agent in the transaction.

Saunatec, Finland

Investment made: November 2006

Saunatec is a sauna and steambath manufacturer headquartered in Helsinki, Finland. ABN AMRO Capital acquired the company from Sponsor, a private equity company based in Finland in November 2006. In the add-on acquisition in 2008, Saunatec acquired the Swedish company, Tylö AB, involved the same financing parties as in the original acquisition.

Nordic Mezzanine acted as mezzanine arranger and was appointed mezzanine facility agent in the transaction.

Kwintet, Denmark

Investment made: 2006

Kwintet is a manufacturer of workwear, corporate wear and personal protective equipment. Kwintet is the market leader in its field in Europe. Industri Kapital acquired the company in 2006 from Axcel, a private equity company based in Denmark. Nordic Mezzanine participated in the club of lenders providing mezzanine finance for the transaction in mid 2006.

Sport Group, Germany

Investment made: May 2006

Sport Group is a provider of outdoor sport and recreational surface systems with a leading market position in Germany and a strong position in its market segment across Europe. The main products include artificial turf, tracks and playgrounds. Industri Kapital acquired the company from another private equity company ECM of Germany. Nordic Mezzanine participated as one of two mezzanine investors in the transaction in mid 2006.