19 June 2014
Gernandt & Danielsson advised Nordic Capital in its acquisition of Euroline
Nordic Capital Fund VIII (“Nordic Capital”) has reached an agreement with SEB to acquire Euroline AB (“Euroline”), a leading provider of card acquiring solutions with a strong market position in eCommerce. The acquisition is subject to approval by the relevant authorities and obtaining necessary permits.
Euroline is a well-established provider of quick and secure card acquiring solutions in Scandinavia with a strong market position in eCommerce and Nordic Retail. Euroline has built a sophisticated portfolio of services that include simplification of payment processes, multi-currency support and risk management support. The company is based in Stockholm, Sweden, and handled volumes of SEK 100 billion in 2013.
Gernandt & Danielsson advised Nordic Capital with a team consisting of Partners Carl Westerberg and Krister Skoog (M&A), Niclas Rockborn (regulatory) and Andreas Holmqvist (employment), Counsel Rolf Larsson (competition law), Senior Associate Corinne Ekman and Associates Johanna Lindholm and Björn Dahlén (M&A).