Nordics
European PE fundraising forges ahead amidst macro uncertainty
Unquote explores LP preferences, GP behaviour and the challenges ahead in what many expect to be a record fundraising year
European Q1 deal value drops amid market volatility
Buyouts in the first quarter fell to EUR 62bn, the lowest level since the recovery from the pandemic started
SEB Private Equity sells Norcospectra to Accent
Commercial interiors business is expected to expand via add-ons and develop its digital offering
Ganni sponsor L Catterton appoints Lazard to explore sale
Denmark-headquartered online fashion retailer could come to market in H2 2022, Mergermarket reported
Altor in early dual-track preparations to exit Transcom
Rothschild is mandated as sale adviser for the Swedish BPO group, while JP Morgan will advise on IPO track
Clearwater Multiples Heatmap: UK and Ireland deals pass 14x mark in Q4
With PE buyouts in Europe shattering records again in 2021, average multiples continued to move up in Q4
Accent exits Motum to Mitsubishi Electric
Sale of Swedish elevator services group marks the 12th exit from the Accent Equity 2012 fund
Kempen reaches EUR 245m final close for second PE fund
Fund has made two co-investments and five partnership deals so far, Kempen's Sven Smeets told Unquote
Specialist healthcare funds on track for another record year
GPs raised EUR 4.4bn with swelling need for healthcare investment but could face challenges in keeping a disciplined deployment
Adelis launches majority stake sale of Knightec
GP is being guided by Carnegie in the exit from the Swedish technology consultancy
The Bolt-Ons Digest – 1 April 2022
NorthEdge's Correla; LDC's Omniplex; QPE's Encore; Cinven's Barentz, Tenzing's Jeffreys Henry, and more
Segulah sells NVBS Rail Group to Ratos
Exit sees NVBS acquire Finland-based Ratatek; the group's EV is EUR 103m with a 9.4x EBITDA multiple
FSN readies IT consultancy Nordlo for exit
Danske Bank is among advisers in the upcoming auction, which could see the Sweden-based asset marketed off EUR 25m-30m EBITDA
Hg invests in EQT, TA backed IFS and WorkWave
EQT VIII exits majority of its positions and reaps 3x money after two years invested in the cloud software companies
Azalea holds USD 100m first close for sustainability fund-of-funds
Fund-of-funds will invest in managers focused on ESG and positive environmental and social impact
IK Partners invests in Sitevision
IK Small Cap III will hold minority stake while founders will reinvest and remain majority owners
Trill Impact set for venture fund following Domin appointment
Alex Domin has joined the Stockholm-headquartered impact investor as co-head of ventures
Altor Equity acquires minority stake in Svea Solar
GP becomes lead investor in the Swedish cleantech with purchase of all shares owned by Axel Johnson-backed Axsol
EMK Capital gears up for third fund
European mid-market investor held a final close for its predecessor fund in 2020 on EUR 1.5bn
Turning to powder: European take-privates take pause
Public to private transactions are off to a slow start this year but lower prices on stock markets could encourage dealmaking again
One Peak gears up for fund III
European growth technology firm held a final close for One Peak Growth II in 2020 on EUR 443m
The Bolt-ons Digest – 18 March 2022
KKRтS Biosynth Carbosynth, Agilitasт Cibicom, Apaxтs Graitec, Cairngorm's Verso, Altor's Trioworld, and more
GRO Capital holds EUR 600m final close for Fund III
B2B software-focused fund is more than twice the size of its EUR 255m, 2018-vintage predecessor
Nordic M&A to withstand mounting macro and geopolitical pressures - panel
Restructurings, take-privates and US interest on the rise, while Q1 2022 buyouts are likely to drag behind