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)
