March 25, 2014 - Assignment

Nordea divests its stake in Nets Holding A/S

Nordea is divesting its 20.7% stake in Nets Holding A/S to a consortium consisting of funds advised by Advent International, ATP and Bain Capital.

Nets is  a Nordic provider of payments, card and information services. Nets has more than 2,800 employees in five countries and had in 2012 an annual turn over of more than 5,9 billion danish kronor. Nordea’s total proceeds of the divestment will be around DKK 3,500 million (approximately EUR 470 million).

The transaction is subject to customary regulatory approval and is expected to close in the second quarter of 2014.

Nordea was advised by Mannheimer Swartling. The firm’s team was led by Eva Hägg and Bo Söderberg.