OREANDA-NEWS. October 07, 2014. In the summer, investment company Nordic Capital acquired credit management firm Lindorff. The purchase was largely financed by a bond issue, worth SEK 13 billion. Nordea headed the record transaction alongside Deutsche Bank and Goldman Sachs.

- It is the biggest high-yield deal ever done in the Nordics, and Nordea was the only Nordic bank involved. It shows that we are the leading Nordic bank on the capital market right now, comments Peter Dalmalm, Head of Markets in Stockholm.

The bond issue was completed at the end of July, and Nordea received orders totalling SEK 5 billion, despite the vacation period among investors. The deal was the result of close collaboration between several Wholesale Banking units: Investment Banking, which initiated and arranged the deal, and Markets which, alongside Investment Banking, conducted the bond issue.

Corporate and Institutional Banking also played a key role in Norway, where Lindorff has been a customer for many years. The excellent relationship they have built up was fundamental to the deal.

The transaction was initiated by Nordea Investment Bank in dialogue with the purchaser, Nordic Capital.

- This deal’s a milestone for us – it’s such a large, important transaction, and it also highlights the stellar collaboration between different parts of Wholesale Banking. When we work like this, we’re at our best, says Rolf Andersch, Head of Nordea Corporate & Leveraged Finance.
The vendor was Swedish venture capital firms Investor and Altor, both of which are retaining minority holdings in Lindorff.