Coller Capital and a unit of Goldman Sachs have backed a €2.5bn restructuring of a decade-old buyout fund managed by Nordic Capital in the largest so-called general partner-led restructuring ever to take place.
The deal involved Nordic transferring nine companies worth €4.4bn including debt from its 2008 vintage seventh fund into a new fund structure, enabling the firm to hold the assets for an additional five years and provide fresh capital to help the businesses grow, Nordic Capital’s managing partner Kristoffer Melinder told FN's sister publication Private Equity News in an interview.
