Nordic Capital Rolls In $782M In Sale Of Wheelchair Co.

Law360, New York (March 27, 2013, 6:03 PM EDT) -- Sweden-based investment firm Investor AB has agreed to pay $782 million to buy powered-wheelchair company Permobil AB from private equity firm Nordic Capital, the parties announced Wednesday.

The deal also includes an additional payout to Nordic Capital of up to roughly $62 million in a performance-based future earn-out payment, according to Investor and Nordic Capital. The transaction, which requires the approval of competition regulators, is expected to close in the second quarter of 2013, the companies said.

“It has a strong product offering, leading market positions,...
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