Nordics
Texas retirement fund commits €40m to Nordic Capital VIII
The Texas County & District Retirement System (TCDRS) has committed тЌ40m to Nordic Capital's latest vehicle.
Sentica's Citec in new bolt-on
Sentica Partners portfolio company Citec has acquired Norwegian oil and gas company M7 Offshore.
ISS appoints Sir Charles Allen ahead of revived IPO
Danish facilities group ISS, backed by EQT and Goldman Sachs, has appointed Sir Charles Allen as chairman, suggesting the firm may once again revive plans for an IPO.
EQT to appeal tax decision
As expected, EQT Partners will appeal the Swedish tax authority's decision to tax carried interest as income, presenting some of the firm's staff with a SEK 670m tax bill.
Alliance Venture and Springfondet merge
Norwegian early-stage investment firms Alliance Venture and Springfondet have merged to form Alliance Venture Spring.
EQT loses battle in income tax war
EQT and a number of its employees will receive a tax bill of SEK 670m, according to Swedish newspaper Dagens Industri.
Ratos reports SEK 820m net profit for H1
Listed private equity firm Ratos made an SEK 820m profit before tax for the first half of 2013, compared with an SEK 16m loss in H1 2012.
Target Partners et al. invest €6m in Falcon
Target Partners has led a тЌ6m funding round for Falcon Social, a Danish firm developing a social media management software-as-a-service (SaaS) platform.
HgCapital buys e-conomic
HgCapital has acquired e-conomic, a Denmark-based software-as-a-service (SaaS) accounting business for SMEs.
Öresund and Creades exit Klarna shares
Investment Уresund and Creades have sold their shares in Swedish online payment company Klarna Holding for SEK 172m.
Christian Brønden joins Industriens Pension
Danish pension fund Industriens Pension has appointed Christian Raaby BrУИnden as director of private investments.
Exact Invest backs Danmagi
Exact Invest has invested in Danmagi, a Danish cloud-based guest internet provider.
Industrifonden and Zobito back inRiver
Industrifonden and Zobito have invested SEK 20m in Swedish software company inRiver.
Industrifonden et al. back SEK 10m round for Foap
Industrifonden and Maxwell Ventures have taken part in a SEK 10m funding round for Sweden-based Foap, a mobile photography start-up, alongside a number of private investors including Magnus Wilkne.
Sweden mulls ban on PE ownership of schools
A new legislation proposal will aim to ban private equity firms from owning independent schools in Sweden, according to education minister Jan BjУЖrklund.
CapMan holds second close, appoints new CEO
Listed entity CapMan has reached a second close on тЌ206m for CapMan Buyout X, posted тЌ4.3m in net profits and appointed Heikki Westerlund as new CEO.
Idinvest et al. back Grand Cru with €8.5m
Idinvest Partners, Qualcomm Ventures and Nokia Growth Partners have taken part in an тЌ8.5m series-A funding round for Finnish game developer Grand Cru.
Swedish courts to rule on internal loan interest rates
The Swedish Supreme Administrative Court, HFD, may give clearance on the investigation into internal loan interest rates this autumn.
Special Report: AIFMD
Special Report: AIFMD
Altor and Bain acquire Ewos for NOK 6.5bn
Norwegian state owned-Cermaq has sold its Ewos division to Altor and Bain Capital for NOK 6.5bn.
Private equity on the road to recovery
Following a month of stellar exits, an uptick in buyouts and a record number of fundraisings, there is reason to believe private equity markets are turning a corner. Kimberly Romaine reports.
Mister Spex makes Swedish acquisitions
Online optician Mister Spex, backed by several private equity players, has acquired two Swedish online eyewear stores: Lensstore and Loveyewear.
Balderton Capital et al. in follow-on for Vivino
Balderton Capital has led a тЌ7.9m ($10.3m) follow-on series-A funding round for Vivino, a Danish social wine-focused app developer.