Nordic Capital Plans FinnvedenBulten IPO

Private equity group, Nordic Capital, is seeking to list auto components maker, FinnvedenBulten.

Private equity group, Nordic Capital, is seeking to list auto components maker, FinnvedenBulten, The Wall Street Journal reports. Swedish banks Handelsbanken and Carnegie are serving as financial advisers for the process. The offer includes about 54% of the shares in the company, with an over-allotment option not exceeding 15% of the shares included in the offer. The company estimates the shares to price at $7.31 to $8.91. The total value of the offering is estimated at $85.3-96.7 million.

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