Nordics
SWEDEN - Creandum and Viking join EUR 12.5m round for Nanoradio
Scandiavian venture firms Creandum and Viking Venture has joined existing investors Ferd Venture, Industrifonden, Innovacom, Nordic Venture Partners, and Teknoinvest in a EUR 12.5m financing round for semiconductor developer Nanoradio AB.
SWEDEN - Ledstiernan increases Katsching stake to 62%
Swedish private equity firm Ledstiernan has acquired a further 14% stake in online mobile retailer Katshing, increasing its stake from 48% to 62%.
FINLAND - CapMan Public Market Fund holds final close at EUR 138m
CapMan has held a final close of its Public Market Fund on EUR 138m. CapMan plc's own commitments are reduced from EUR 15m to EUR 7m.
EUROPE - Hall to retain 12% stake in Cinven
Robin Hall, who stepped down as managing partner of buyout giant Cinven this week, will reportedly retain a 12% stake in the private equity firm, assuming the role of executive chairman.
GLOBAL - Pomona Capital surpasses $1bn target for secondaries fund
Global private equity firm Pomona Capital has held a final close of its seventh secondaries fund, Pomona Capital VII, at $1.3bn, surpassing its original $1bn target.
NORWAY - STF and Northzone back Innotech Solar with EUR 6m
Swedish venture capital fund Sustainable Technologies Funds and Norway-based technology investor Northzone Ventures has invested EUR 6m into Innotech Solar AS (ITS), a clean energy company.
GLOBAL - Cipio promotes Meyel
Global secondary direct specialist Cipio Partners has promoted Diana Meyel to the position of partner.
SWEDEN - RWE Innogy invests SEK 12m into Mantex
The venture capital arm of German energy company RWE Innogy has invested SEK 12m into Swedish clean tech business Mantex AB.
EUROPE - 3i appoints two new non-executive directors; halves debt
Private equity group 3i has appointed John Allan and Alistair Cox as non-executive directors on its board, effective 1 September and 1 October respectively.
EUROPE - Palamon appoints new adviser
London-based mid-market investor Palamon Capital Partners has appointment Dr Richard Wolman to its board of advisers.
EUROPE - Cinven’s Hall steps down
Buyout giant Cinven has elected Hugh Langmuir to managing partner, replacing Robin Hall, a veteran of the firm who will take on the role of executive chairman.
UK/GERMANY - WHEB Ventures reaches £90m third close
WHEB Ventures has achieved a third closing of its second clean technology fund, WHEB Ventures Private Equity 2 LP, at £90m (EUR 105m).
EUROPE - AXA PE signs UN responsible investment principles
French mid-market buyout house AXA Private Equity has signed the Principles for Responsible Investment (PRI) initiative, issued by the United Nations.
EUROPE - EVCA placement code highlights need for transparency
In response to the ongoing reverberations relating to the New York kickback scandal the EVCA has published a draft code of conduct for placement agents, which highlights the need for greater transparency within the sector.
SWEDEN - Bank takes over ex-Nordic Capital owned Plastal units
Swedish bank Handelsbanken, which underwrote Nordic Capital's EUR 352m buyout of automotive industry player Plastal Holding in 2005, has now taken over the Belgian, Norwegian and Swedish units of the group which went bankrupt in March this year.
NORWAY - Viking appoints partner
Norwegain venture capital firm Viking Venture has hired Eiving Bergsmyr as partner.
NORWAY - HitecVision hires senior partner
HitecVision has hired corporate financier Pål Reiulf Olsen as senior partner.
EUROPE - IK appoints Ryum Larsen to executive committee
IK Investment Partners has appointed investor relations head Mads Ryum Larsen to its executive committee.
Trouble ahead
Industry LPs reveal their sombre side, predicting that a quarter of all private equity fund managers will go out of business and a tenth of investors could default on capital calls. By Ashley Wassall