Corestar Partners advises Nordic Capital on the acquisition of Euroline AB

Corestar Partners is pleased to announce that it acted as exclusive financial advisor to Nordic Capital Fund VIII (“Nordic Capital”) on the acquisition of Euroline AB (“Euroline”).
Nordic Capital private equity funds have invested in mid-market companies primarily in the Nordic region since 1989. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital enables value creation in its investments. Nordic Capital Funds invest in companies in northern Europe and in selected investment opportunities internationally. The most recent fund is Nordic Capital Fund VIII with €3.5 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory companies in Sweden, Denmark, Finland, Norway, Germany and the UK.
Euroline is a well-established provider of quick and secure card acquiring solutions in Scandinavia with a strong market position in eCommerce and Nordic Retail. Euroline has built a sophisticated portfolio of services that include simplification of payment processes, multi-currency support and risk management support. The company provides card acquiring services to SEB’s corporate customers, corresponding to volumes of approximately SEK 100 billion and over 200 million transactions per year. It is based in Stockholm, Sweden, and has approximately 50 employees.
Euroline offers businesses a simple and secure infrastructure for card transactions both online and in stores. Nordic Capital’s intention is to support Euroline’s further growth through the development of market leading local tailored services and to expand into new markets.
This transaction demonstrates Corestar Partners’ deep expertise in advising financial sponsors and companies in the payment service and acquiring sector, combining Corestar’s unmatched industry network with its unique industry knowledge.