[ad_1]
(Reuters) – The European buyout group Nordic Capital has agreed to take a majority stake in the US health software company, ArisGlobal LLC, reported Sunday the Wall Street Journal, citing a person familiar with the case.
The transaction badesses ArisGlobal at $ 700 million (including £ 556.6 million), including debt, and comes as Nordic Capital plans to establish its first US office in the fall in New 39; increase investment in the US health sector, reported the newspaper https: //on.wsj.com/2IlLbW3.
The executive director of ArisGlobal, Sankesh Abbhi, will remain within the company in his current role after the transaction, according to the report, which would have added that Abbhi and his family would retain a minority stake in ArisGlobal.
Nordic Capital and ArisGlobal did not respond to a request for comment from Reuters on Sunday.
(Report by Kanishka Singh in Bengaluru, edited by Peter Cooney)
Source link
