Barings Provides Financing to Nordlo Group
Barings, one of the world’s leading investment managers, today announced its role as co-lender in providing debt financing to support Nordlo Group, a leading Nordic provider of cloud and managed IT services and digital transformation. Nordlo Group was created by FSN Capital V through a three-way merger in 2018 and has since completed more than fifteen strategic add-ons. In July 2024, Nordlo Group was acquired by the continuation fund FSN Capital Confluence*.
Nordlo is a Nordic IT operations services provider that provides managed IT outsourcing, cloud services and process digitalization with a strong focus on customer satisfaction and business improvements to customers from a variety of industries as well as the public sector.
“We are delighted to be partnering with FSN Capital to support Nordlo in its next stage of growth.” said Somit Guha, Senior Director in Barings’ European Private Finance Group, “This transaction also demonstrates Barings’ ability to continuously develop relationships with top tier financial sponsors in the market. We look forward to collaborating with FSN Capital on this and future transactions.”
"This financing arrangement is a testament to Nordlo’s strong track record and provides ample room for Nordlo to execute its growth strategy. We are pleased to welcome Barings as our new lender to support Nordlo's future growth journey and look forward to our collaboration.” - Michael Gentili, Head of Capital Markets at FSN Capital Partners (investment advisor to FSN Capital Confluence)
About Barings
Barings is a $431+ billion** global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.
About FSN Capital
Established in 1999, FSN Capital Partners is a leading Northern European private equity firm and investment advisor to the FSN Capital Funds. FSN Capital Partners has a team of more than 100 professionals across Oslo, Stockholm, Copenhagen, and Munich. Our ethos, “We are decent people making a decent return in a decent way” defines our core values.
The FSN Capital Funds have more than €4 billion under management and make control investments in growth-oriented Northern European companies, to support further growth and to transform companies into more sustainable, competitive, international, and profitable entities. The FSN Funds are committed to being responsible investors and having a positive environmental and social impact across its portfolio while achieving market-leading returns.
Media Contacts
Barings@secnewgate.co.uk / Mediarelations@barings.com
*FSN Capital Confluence GP Limited acting in its capacity as general partner for and on behalf of each of FSN Capital Confluence L.P. and FSN Capital Confluence Invest L.P.
**As of September 30, 2024
