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    Home»Deals»Nordic Capital Buys Stake in $3.6 Billion Drugmaker Leo Pharma
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    Nordic Capital Buys Stake in $3.6 Billion Drugmaker Leo Pharma

    March 23, 20211 Min Read
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    Nordic Capital, one of Europe’s most active private equity firms this year, agreed to invest 450 million euros ($535 million) in Danish dermatology firm LEO Pharma A/S.

    The investment firm is buying a minority stake in LEO Pharma, according to a statement Tuesday, which didn’t disclose financial terms. The deal values LEO Pharma at about 3 billion euros including debt, people familiar with the matter said, asking not to be identified discussion confidential information.

    LEO Pharma, a maker of topical medication for skin conditions, has been looking for a new investor since last year with the help of its advisers at Moelis & Co. The LEO Foundation will remain the majority shareholder of the company, according to the statement. A representative for Nordic Capital declined to comment on the valuation of the deal.

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    Source: Bloomberg

    By Jan-Henrik Foerster

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