Nordics
KKR invests $100m in Nordic Bioscience
GP is investing from Health Care Strategic Growth Fund, which held a final close in November 2017 on $1.2bn
Summa-backed Olink files for US IPO
Olink has been backed by Summa Equity since March 2019 and increased its revenues by 16.7% in 2020
Nordic players await distressed carve-out uptick
Carve-out activity in the Nordic region hit a three-year low last year, but was still propped up mainly by corporates divesting healthy assets
Saga holds first close on €600m for eighth fund
GP started raising its latest fund in late September 2020 and plans to continue fundraising into Q2 of 2021
Sofinnova Crossover Fund closes on €445m
Fund focuses on investments in later-stage biopharma and medtech companies that need capital to scale up
OTPP, KKR to buy Caruna from First Sentier Investors, Omers
Following deal completion, KKR and Ontario Teachers' will each own 40% in the company, followed by AMF Pension with 12.5%, and Elo Mutual Pension Insurance Company with 7.5%.
Biotech market provides dose of optimism
In the past year, the biotech market has seen buoyant activity, reaching record levels of investments
Beyond Black holds first close for Pledge Fund I
Following the €20m first close, the Berlin-based VC aims to launch a larger cleantech-focused fund
Monterro buys e-health software provider Bliksund
Company is looking to expand in Sweden, Denmark and the UK first, but also further abroad
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Global PayTech Ventures invests €4m in Subaio
Deal is Global PayTech’s first investment and will help Subaio expand into new European markets
Norvestor acquires Finnish water management firm Envera
Norvestor partner Per-Ola Baalerud said in the press report that the GP aims to increase Envera’s turnover five-fold within four to five years
No need to panic about high dry powder as PE market comes roaring back, says Bain
Appetite remains high for deal-making and exits, according to Bain & Company’s 2021 Global Private Equity Report
Hiro Capital invests $15m in three gaming studios
Funding will help the studios expand their development pipelines and accelerate global growth
Partners Group buys Parmaco from Terra Firma-led group
Vendors reportedly sought a valuation of between €800m-1bn for the company
Capidea buys toy company Maki from Industri Udvikling
Industri Udvikling had backed Maki since August 2017 and owned a 40% stake
Left Lane Capital leads €8.2m series A for Memmo.me
Swedish platform allows users to request personalised video messages from celebrities
Midroc New Technology leads €9m round for CorPower Ocean
Wave energy startup has so far raised €38m in equity and public investments
Lugard Road invests $73m in Investcorp-backed Ageras
Transaction reportedly gives the company a valuation of around $244m
Tikehau closes T2 Energy Transition Fund on €1.1bn
Fund targets European companies operating in the clean energy production, low-carbon transport and energy efficiency segments
Multiples Heatmap: average pricing hits 11x in busy Q4
Healthcare, financial services and TMT assets continue to drive valuations up, while Nordic and UK regions see highest multiples
Skylake Capital holds first close, makes first deal
Debut fund leads a $3m round in UK-based deep-learning startup Mindtrace
Longship to buy Norwegian company Gexcon
Purchase price could be around €29.2m, according to a local press report
IK, ICG to acquire minority stake in Norwegian firm Formue
Deal reportedly values the company at €292m
