Nordic Capital looks formore FinTech deals amid slowdown

Nordic Capital, a private equity firm with about USD 15bn in assets, is getting pickier amid a downturn, but it sees no let-up in investments.

"Our investment pipeline is very strong," said Klas Tikkanen, the company’s chief operating officer. "We have an incredible amount of investment opportunities." The big opportunities right now are popping up in Sweden, where a depressed krona has cheapened up assets after over the last year seeing more opportunities in continental Europe, according to Tikkanen.

The fund’s major focus is on financial technology companies, areas where there’s strong underlying growth and technological shifts.
“There are a lot of inefficiencies in the financial system and the banks,” he said. “The banks’ mandate from legislators is about stability, and that doesn’t always go well with being the most efficient.”

Its portfolio includes payment company Trustly, which is one the “stars” of its portfolio. Tikkanen said it’s looking for a “couple” of add on investments for Trustly, and also to expand it both geographically and sector wise. Nordic Capital is currently avoiding the cyclical markets, raw material-driven sectors and retail, he said.

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