Nordic Capital is selling Mölnlycke Health Care to Apax Partners in a secondary buyout transaction. Financial details of the deal are undisclosed. Closing of the transaction is subject to the approval of European and US competition authorities. Nordic Capital backed the formation of Mölnlycke Health Care in 1997 through the simultaneous acquisition and structural merger between the clinical division of Swedish SCA and Finnish Tamro’s Kolmiset division. During Nordic Capital’s ownership, the company has evolved into a global player through extensive restructuring for improved profitability and has experienced substantial growth including the 2001 acquisition of Johnson & Johnson’s surgical care products, tripling the size of the business.