Nordic Capital’s portfolio company Nordax Bank AB has signed an agreement to acquire Svensk Hypotekspension AB (SHP). Through the acquisition of SHP, Nordax strengthens its position as a leading specialist bank and a challenger in the mortgage market. SHP has 13 employees with offices in Stockholm, Gothenburg and Malmö. By the end of 2017, lending amounted to SEK 3.5bn, distributed among more than 5,000 households. The purchase price of the company is undisclosed.
