{"id":24515,"date":"2023-06-19T09:32:34","date_gmt":"2023-06-19T13:32:34","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/nordic-capital-to-buy-majority-stake-in-swedens-foxway\/"},"modified":"2023-06-19T09:32:35","modified_gmt":"2023-06-19T13:32:35","slug":"nordic-capital-to-buy-majority-stake-in-swedens-foxway","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=24515","title":{"rendered":"Nordic Capital to Buy Majority Stake in Sweden&#8217;s Foxway"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230619-700912\" role=\"document\">\n<p>By Dominic Chopping<\/p>\n<pre><\/pre>\n<p>STOCKHOLM&#8211;Swedish private-equity firm Nordic Capital said Monday that it has agreed to buy a majority stake in Sweden-based IT services provider Foxway.<\/p>\n<p>Founded in 2009, Foxway recovers and remarkets IT devices and provides the infrastructure necessary to ensure a sustainable life-cycle. It sources, finances, and refurbishes over 1.5 million devices annually, reporting over 7.6 billion Swedish kronor ($713.3 million) in gross revenue in 2022.<\/p>\n<div class=\"paywall\">\n<p>&#8220;Foxway is uniquely positioned to benefit from secular tailwinds of increasing sustainability demands from customers, digitalisation trends, and the increasing economies of scale to drive growth and make a lasting positive impact,&#8221; Nordic Capital said.<\/p>\n<p>&#8220;Several recent high-profile customer partnerships, together with acquisitions completed in Spain, Sweden, Estonia, Norway, Denmark, Germany and the U.K., reinforce Nordic Capital&#8217;s belief in Foxway&#8217;s business model and long-term strategy.&#8221;<\/p>\n<p>Nordic Capital said that with Foxway&#8217;s management and alongside current owners Norvestor, it will support continued growth and international expansion.<\/p>\n<p>Financial terms weren&#8217;t disclosed.<\/p>\n<p>Completion is expected in the third quarter of 2023 and is subject to regulatory approvals.<\/p>\n<pre><\/pre>\n<p>Write to Dominic Chopping at dominic.chopping@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/nordic-capital-to-buy-majority-stake-in-sweden-s-foxway-ab06645?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Dominic Chopping STOCKHOLM&#8211;Swedish private-equity firm Nordic Capital said Monday that it has agreed to buy a majority stake in Sweden-based IT services provider Foxway. Founded in 2009, Foxway recovers and remarkets IT devices and provides the infrastructure necessary to ensure a sustainable life-cycle. It sources, finances, and refurbishes over 1.5 million devices annually, reporting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-24515","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nordic Capital to Buy Majority Stake in Sweden&#039;s Foxway | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Dominic Chopping STOCKHOLM--Swedish private-equity firm Nordic Capital said Monday that it has agreed to buy a majority stake in Sweden-based IT\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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