Nordics
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 €6m 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 Öresund 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 Brønden 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 Björklund.
CapMan holds second close, appoints new CEO
Listed entity CapMan has reached a second close on €206m for CapMan Buyout X, posted €4.3m 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 €8.5m 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 €7.9m ($10.3m) follow-on series-A funding round for Vivino, a Danish social wine-focused app developer.
DNA decides against buyout
Finnish mobile phone operator DNA has decided to hold off on a €1.3bn buyout, as "the market situation becomes clearer," according to a company statement.
From US to Europe: an elusive carried interest definition
Carried interest
Herkules nears first close for latest fund
Herkules Capital is believed to be approaching a first close for its latest fund.
Accent Equity acquires Infolog
Accent Equity Partners has acquired Infolog, a division of Swedish business communication group Intellecta.
Permira casts its net for Ewos
Permira has joined Bain Capital and Altor in the bidding war for Norwegian fish farmer Cermaq’s fish feed division Ewos.