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Direct Investment  + M&As  + Private Equity  |  July 10, 2023
Francisco Partners Buys Financial Data Company from Nordic Capital
By: Joe Palmisano

Francisco Partners Buys Financial Data Company from Nordic Capital

Francisco Partners, a global investment powerhouse that specializes in partnering with tech businesses, agreed to purchase software and financial data company Macrobond from rival buyout firm Nordic Capital after being in its portfolio for five years.

Financial terms of the deal, which is expected to close in the third quarter, were not disclosed.

Macrobond was founded in 2008 in Malmö, Sweden, with the vision of becoming the global platform of choice for financial and economic research. The company’s offering combines a comprehensive and accessible database with over 300 million macro and financial time series and powerful analytics capabilities.

The company has more than tripled its annual contract value during Nordic’s ownership and is currently trending at 34% LTM ACV growth.

Macrobond founder Tomas Liljeborg will continue as CEO and retain a significant equity share in the company.

Nordic Capital has invested €5.8 billon in 24 tech and payment companies since 2001, including Trustly, Cint, Siteimprove, Signicat, Conscia and Regnology.

The Macrobond sale comes a few months after Nordic Capital announced the record-breaking exit of specialty diagnostics company Binding Site.

Moelis & Company served as financial advisor and Paul Hastings served as legal advisor to Francisco Partners. Arma Partners, PWC and White & Case advised Nordic Capital and Macrobond.

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Inside The Story

Francisco PartnersNordic Capital

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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