Nordic Capital has made its fifth investment through Fund IX to buy financial and economic research business Macrobond Financial.
The company’s management team and founders are also reinvesting in Macrobond.
Sweden-based Macrobond provides research systems and macroeconomic and financial time series data to organisations such as central banks, investment banks, hedge funds, corporates, asset managers and universities. Macrobond has 156 employees in offices in Europe, Asia and the United States.
Clients can access a database made of 50-million-time series, or imported information to improve visualisation and analysis of data.
“The demand of financial big data analysis and visualisation is increasing continuously and Macrobond’s management team has an outstanding proven track record in financial software analytics,” said Nordic Capital partner Fredrik Näslund.
“We look forward to working with them to expand Macrobond’s offering and its leadership as the platform of choice. With our long-term experience of accelerating growth in companies, we are confident that Nordic Capital is a great partner to support Macrobond on its growth journey.”
European private equity house Nordic Capital held a €4.3bn final close for its ninth flagship vehicle. The fund received a 70 per cent re-up rate and saw 20 per cent of the total fund supplied from sovereign wealth funds.
Earlier in the year, the firm acquired online payment provider Trustly from Bridgepoint for an estimated €3.5bn. The transaction was completed through Fund IX and sees Trustly’s management firm keep a significant share of the capital.
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