Nordic Capital signed an agreement to acquire a majority share in Board International SA through its Nordic Capital Fund IX.
Under terms of the agreement, Board International's management and founders will remain "significant" shareholders in the company, according to a Jan. 9 news release. Financial details were not disclosed.
Nordic Capital will continue to support Board International's international expansion through investments in the company and its cloud-based decision-making platform.
The transaction, which is expected to close in the first quarter following customary regulatory approvals, marks the sixth investment by Nordic Capital's €4.3 billion Fund IX, according to the news release.
Nordic Capital was advised by Goldman Sachs while Board International was advised by UBS.