Nordics
Intel leads €20m round in FlatFrog
Intel Capital has led a €20m funding round in Swedish touch screen pioneer FlatFrog Laboratories backed by existing investors Invus and Sunstone Capital.
Big boost in Spring dealflow
Nordic activity rebounded sharply in May as nine deals worth an estimated €1.4bn were recorded: more than double the volume, and more than four times the value of the previous month.
Procuritas exits Däckia to Pirelli for SEK 625m
Procuritas has exited Swedish tyre services provider Däckia to Italian trade player Pirelli.
Greylock and Northzone lead €25m series-B for iZettle
Greylock Partners and Northzone have led a €25m series-B funding round for Swedish technology company iZettle.
Rise in secondaries highlights tough venture market
Venture secondaries on the rise
Nordic unquote" June 2012
As previously reported last month, ratings agency Moody’s has downgraded Swedish banks Nordea and Svenska Handelsbanken to Aa3, and Norwegian DNB Bank to A1 – all by one notch, with a stable outlook.
Northzone invests $3m in Soundrop
Northzone has invested $3m in Norwegian music discovery and sharing service Soundrop.
EQT picks up Vertu from Nokia
EQT Partners has acquired luxury phone business Vertu from Nokia.
Balderton dumps Sulake after documentary exposé
Balderton has dumped its stake in Finnish social networking company Sulake following a damning Channel 4 investigation into the firm.
Conor invests €1m in Omegawave
Conor Venture Partners has invested €1m in Finnish sports training equipment provider Omegawave.
European Investment Fund appoints new chairman
The European Investment Fund (EIF) has appointed Dario Scannapieco as chairman of the board of directors.
Listed private equity recovery underway
Listed private equity
Sunstone Capital backs Adenium Biotech
Sunstone Capital has invested DKK 11m in Danish biotechnology company Adenium Biotech.
Polaris-backed STG acquires Dalaspår
Polaris Private Equity portfolio company Scandinavian Track Group (STG), a Swedish provider of railway construction and maintenance services, has acquired its competitor Dalaspår.
Polaris-backed Skånska Byggvaror acquires Grønt Fokus
Polaris Private Equity portfolio company Skånska Byggvaror has acquired Norwegian furnishings business Grønt Fokus.
The Nordic coming-of-age
The Nordic coming-of-age
Samsung Electronics acquires VC-backed Nanoradio
A consortium of investors including Viking Venture, Creandum, Industrifonden, Nordic Venture Partners, Ferd Venture, Innovacom, Anchor Capital and Teknoinvest have exited Swedish technology business Nanoradio to Korean electronics company Samsung.
Macro challenges make manager selection crucial
The Nordic region has enjoyed a boon of LP interest in recent years, but global economic woes will make outperformance harder. Kimberly Romaine reports from Stockholm
Priveq backs MBO of Office Management
Priveq Partners has taken a majority stake in Swedish office supplier Office Management.
Sentica acquires Silta
Sentica Partners has taken a majority stake in payroll consultancy Silta.
Scandinavian banks downgraded by Moody's
Moody's has downgraded some of the most popular private equity debt providers in Scandinavia.
Viking Venture exits myVR
Viking Venture has exited Norwegian software company myVR to Swedish trade player Hexagon.
Tax authority demands Nordic Capital execs repay SEK 412m
Nordic Capital executives have been ordered to repay SEK 412m in carried interest tax, after the Swedish tax authority reached a final verdict in a lengthy investigation.
Norway joins carried interest tax push
The Norwegian tax authority will classify carried interest as standard income, putting a few hundred million NOK of carried interest at risk.