Nordics
DENMARK - Polaris creates Alliance+
Polars Private Equity has completed the acquisition of two cleaning companies, Kølving & Thaning and Alliance Clean & Care, which will be merged under the name Alliance +.
EUROPE - 3i Infrastructure stays solid
Following the stark pre-close period statement released by 3i Group plc yesterday the firm's infrastructure arm published a contrastingly bright statement today, revealing steady investment activity and strong performance.
Taking Stock
Market conversations currently indicate that the public markets are the place to go shopping for bargains, but will the discussion turn into deals? Ashley Wassall investigates
EUROPE - 3i licking wounds – to aide healing?
3i Group today released its pre-close period trading update, warning the markets of stark writedowns ahead and revealing the scale of its de-leveraging operation.
AUSTRIA/NORWAY - GCP-backed Identec acquires TunnelCom
Gamma Capital Partners-backed Identec Solutions AG, an Austria-based supplier of industrial tracking and tracing solutions, has acquired Norway-based TunnelCom, a provider of automatic tagging solutions for the tunnel, mining, oil and gas industries....
DENMARK - Polaris holds first close on EUR 275m
Danish buyout house Polaris Private Equity has held a first of close of its third fund on EUR 275m.
DENMARK – Vækstfonden et al. invest DKK 11m into games developer
Government-backed Vækstfonden backed an DKK 11m investment into Playdead, a Danish business that develops the online game Limbo, together with CAT Science and FAHU.
GLOBAL - Freshfields elects 14 new partners
Freshfields Bruckhaus Deringer has elected 14 new partners, with the appointments taking effect from 1 May 2009.
SWEDEN - Creandum promotes Blomquist to principal
Swedish venture capital firm Creandum has promoted Daniel Blomquist from associate to principal.
SWEDEN - Micron leads $8m funding round for Edgeware
Micron Technologies has a led an $8m series-B financing round for Edgeware, a supplier of server systems for on-demand TV, alongside existing investors Creandum Advisor and Amadeus Capital Partners.
DENMARK - Apax, Permira-backed TDC acquires Fullrate
Danish venture capital firm SEED Capital has sold broadband provider Fullrate to telecommunications company TDC A/S, which is owned by a private equity consortium including Apax Partners and Permira, for an undisclosed sum.
EUROPE - KPE to transfer $211m in co-investments
KPE, the Amsterdam-listed arm of Kohlberg Kravis and Roberts (KKR), is to transfer five co-investments representing $211m in fair value to a KKR sponsored co-investment fund for an aggregate purchase price of $200.4m in cash.
GLOBAL - Lehman Brothers Private Equity changes name
Lehman Brothers Private Equity Partners is changing its name to NB Private Equity Partners Ltd.
EUROPE – PE to be PR nightmare
"The trends that emerged over recent years have fundamentally interfered with the alignment of interests between GPs and LPs," commented Roberto Quarta of Clayton, Dubilier & Rice Europe, speaking at what can best be described as a reflective EVCA Investors...
NORWAY - Borea prepares for de-listing of Software Innovation
Norwegian buyout house Borea, through Borea Opportunity IV AS, has increased its stake in software developer Software Innovation ASA (SOI) to 90.4 % and initiates compulsory squeeze-out.
ICELAND - Baugur files for bankruptcy
Iceland investor Baugur Group files for bankruptcy as the company's petition for extension of the moratorium, an Icelandic legal process for creditor protection, was refused by the District Court of Reykjavik.
SWEDEN - Apax to close Stockholm office
According to press reports, Apax Partners is to close its Stockholm office.
SWEDEN - Index- and Sequoia-backed Stardoll merges with Piczo
Online entertainment site Stardoll, which is backed by amoung others Index Ventures and Sequoia Capital, has merged with Piczo, a website dedicated to custom web publishing for teenagers.
NORWAY - Strømme leaves Herkules Capital
Dag Strømme is leaving Norwegian buyout house Herkules Capital after two years as partner.
SWEDEN - HitecVision-backed Leirvik MT acquires competitor
HitecVision portfolio company Leirvik Module Technology, a supplier of prefabricated living quarters to offshore oil platforms, has acquired certain key assets of Emtunga Offshore, which went into insolvency in December last year.