Private Equity Insights

Private Equity Insights

Nordic Capital swoops on BWXT's medical isotopes business in $800m radiopharma bet

Nordic Capital has struck a deal to acquire BWX Technologies' medical business in a transaction valued at up to $800m.

Andreea Melinti's avatar
Andreea Melinti
Aug 04, 2026
∙ Paid

The agreement includes BWXT Medical and the stable medical isotopes business of Kinectrics.

BWXT will retain a meaningful minority stake in the divested business, continuing to supply specialised isotope and radiochemical expertise under a supply arrangement.

That structure gives Nordic Capital operational control while preserving a strategic link betwee…

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