Nordic Capital Grows Retail Portfolio With Europris Buy

Law360, New York (March 2, 2012, 3:48 PM EST) -- Private equity firm Nordic Capital said Friday it has agreed to buy Norwegian discount retailer Europris Holdings AS from IK Investment Partners LLP, the latest in a string of buyout firm deals across northern Europe.

Financial details of the transaction were not disclosed, though reports during ongoing talks pegged the value of the deal at between €400 million ($527.9 million) and €500 million. The companies did not immediately respond to requests for confirmation.

Europris operates about 200 stores — most in Norway, and a few in...
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