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Direct Investment  + M&As  + Private Equity  |  July 10, 2023
Francisco Partners Buys Financial Data Company from Nordic Capital
Joe Palmisano
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 of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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