Nordics
Matas to unlock the Nordic IPO market?
The recent IPO of Matas, with a market cap of €630m, is the first new listing on the Copenhagen stock exchange in two years. Could this listing be the key to unlocking the hushed Nordic IPO market? Karin Wasteson investigates
Sentica exits 9lives
Sentica Partners has sold Helsinki-based ambulance and emergency care services company 9lives back to the company’s management.
Accent acquires Steni from Total Capital
Accent Equity Partners has wholly acquired Norwegian façade panel company Steni from Total Capital Partners.
FSN Capital acquires Validus
FSN Capital has acquired a majority stake in Norwegian retail holding company Validus from founder Terje Stykket and Norgesgruppen.
EQT to sell Swedegas
EQT is planning to sell Swedish gas grid operator Swedegas for an enterprise value in excess of €500m (SEK 4.3bn), according to reports.
VC investors back Magine
A number of Swedish and international investors have closed a series-A funding round of $19m for Magine, a Swedish cloud-based cable operator.
IK sells off Dynea divisions
IK Investment Partners’ portfolio company Dynea Chemicals has sold its Norwegian division Dynea to Eltek Holding.
Herkules acquires majority stake in PTC
Herkules Capital has acquired a majority stake in Stavanger-based oil services firm Petroleum Technology Company (PTC).
CVC-backed Matas in €630m IPO
Matas, a Danish beauty products retailer backed by CVC, has listed on the Copenhagen stock exchange.
Investinor exits PingCom
Investinor has sold Ping Communications (PingCom), a Norwegian broadband internet access devices and software provider, back to the company's founder.
Erhvervsinvest holds first close on DKK 770m
Erhvervsinvest has held a first close of its third fund, Erhvervsinvest III KS, on DKK 770m.
Sitra et al. back Omegawave
Sitra has led a €1.6m financing round for Omegawave, alongside Conor Venture Partners and three other stakeholders.
Triton acquires majority stake in Infratek
Triton has agreed to acquire a 76.3% stake in OSE-listed Infratek from its two largest shareholders Fortum Nordic and Hafslund.
Abraaj Group acquires Fan Milk from Maj Invest
Abraaj Group has agreed to acquire Fan Milk International from the Emborg family, Maj Invest Equity and the management.
Karolinska backs Forendo Pharma
Karolinska Development has invested €1.2m in a series-A funding round for Finnish drug development company Forendo Pharma.
Investinor leads NOK 37.5m round in BerGenBio
Investinor has led a NOK 37.5m funding round in Norwegian biotechnology company BerGenBio.
Sarsia Seed et al. pump NOK 5.5m into Vaccibody
Norwegian pharmaceutical firm Vaccibody has received NOK 5.5m in funding from existing investors including Sarsia Seed.
Triton acquires Logstor from Montagu
Triton has agreed to acquire Danish pipe systems supplier Logstor from Montagu Private Equity and other shareholders.
Ratos increases ownership in Jøtul
Ratos has agreed to acquire additional shares in Norwegian wood stoves maker Jøtul from Accent Equity for NOK 12m.
Nordic Capital exits EG, reaps 4x money
Nordic Capital has agreed to sell Danish IT software and services provider EG to Axcel for €160-170m, reaping a 4x money multiple and a 30% IRR.
Norvestor backs Future Production
Norvestor has agreed to invest in Future Production, a Norwegian provider of tailor-made equipment to the offshore rig industry.
Segulah’s PMC sells Servi to Ferd
Segulah’s portfolio company PMC Group has agreed to sell Norwegian subsidiary Servi to Ferd Capital.
Tackling transparency and disclosure through data
While GP monitoring of portfolio companies becomes more sophisticated, LPs are demanding more granular insight into individual fund performance. The increasing demand for performance information begs several important questions: What data is required?...
Iceland's venture scene soon to erupt
Iceland may have been at the forefront of the financial crisis, but its start-up activity is beginning to boom. Karin Wasteson investigates