Nordic Capital Advisors has expanded its Evolution investment advisory team, appointing Alfa Chan as a Partner. He joins as Nordic Capital continues to put its proven model to work in the mid-market, investing in innovative growth companies in its focus sectors to accelerate sustainable growth and expansion. Nordic Capital successfully closed Nordic Capital Evolution at the hard-cap of EUR 1.2 billion in June 2021, which has since made three investments.
Nordic Capital’s distinctive Evolution strategy addresses the most compelling segment in the Northern European mid-market. With a large and dedicated team operating within a well-constructed organisation and a strong pipeline of attractive opportunities, Nordic Capital Evolution has already announced three investments into high growth, high conviction mid-market companies in just six months within its focus sectors: artificial intelligence company Boost.ai; healthcare company Equipe Zorgbedrijven; and fintech Qred. The dedicated Evolution investment advisory team consists of eleven investment professionals and Alfa Chan will join the leadership of the team as one of three partners. The team combines experienced and longstanding Nordic Capital professionals with new external hires with proven mid-market experience.
Alfa Chan joins from Silverfleet Capital, where he spent 18 years and was a Partner with responsibility for investment activities in the healthcare sector. Prior to that, he worked at Credit Suisse in both private equity and leveraged finance. Alfa holds a MSc in Finance from the University of Cambridge and a BSc in Mathematics and Economics from the University of Warwick.
“With the Evolution strategy, Nordic Capital is able to apply its winning sector model and powerful investment platform to a broader size range of mid-market companies. These qualities, along with our strong commitment to our focus sectors including Healthcare, Technology & Payments and Financial Services, enables us to attract high calibre senior level executives like Alfa. I am very pleased to welcome him to our team,” said Kristoffer Melinder, Managing Partner, Nordic Capital Advisors.
“Alfa is a great addition to the Evolution team. He has highly relevant experience and joins at a time when we are seeing significant opportunities in the healthcare mid-market,” said Joakim Lundvall, Partner, Nordic Capital Advisors, who leads the Evolution advisory team.
“I have known Nordic Capital for many years and have always had the greatest respect for their experience and impressive history. It is therefore very exciting to become part of their advisor team, developing high quality investment opportunities in the mid-market and particularly within healthcare. The Evolution strategy has already resulted in a strong platform and an investment pipeline that includes many innovative growth companies with the potential to become leaders of the future,” said Alfa Chan.
On July 1, Nordic Capital announced the successful first and final close of Nordic Capital Evolution at just over EUR 1.2 billion raised in only three months. It was substantially oversubscribed at its hard cap and significantly exceeded its target. Focusing on control buyouts, Nordic Capital Evolution targets equity investments of between EUR 35 million and EUR 150 million in Northern European mid-market companies with an EV of EUR 50 million to EUR 300 million. It closely replicates Nordic Capital’s established strategy focusing on non-cyclical growth opportunities within the Healthcare, Technology & Payments and Financial Services sectors. Nordic Capital Evolution also continues Nordic Capital’s strong ESG focus. Having received the highest ESG rating from the UNPRI, Nordic Capital seeks to make a positive contribution to society by helping to build strong sustainable companies with responsible environmental, social and governance practices.