Nordic Capital Fund VIII and Novo A/S announce the closing of the acquisition of ERT

Nordic Capital Fund VIII and Novo A/S announce the closing of the acquisition of ERT

Date
May 3, 2016

Following approval by the antitrust authorities in the US and Europe, Nordic Capital Fund VIII, (“Nordic Capital”), and Novo A/S today announce the closing of the acquisition of ERT from Genstar Capital for an enterprise value of USD 1.8 bn. Nordic Capital Fund VIII will control 70% of the institutional equity and Novo A/S will hold the remaining 30%.