Nordics
PE-backed Oatly lists in $10bn IPO
Company's share price surges by more than 30% to $22.74 during initial trading
PE-backed IPOs on track for best year since 2017
This year has already seen 26 portfolio companies listing, with a total offering volume approaching тЌ12.7bn
CapMan Growth, Mandatum Private Equity invest in Sofigate
Institutional investors own a little less than one-fifth of Sofigate, while employees and company founder own the rest.
Polaris launches flexible capital strategy with DKK 1bn fund
GP starts raising a DKK 1bn fund for the new strategy and plans to hold a first close after summer this year
Blue Equity holds first close on €78m for third fund
Latest fund will focus on acquiring majority and minority stakes in Danish B2B companies with revenues of DKK 50-250m
OpenGate heads for third fund launch targeting up to $700m
GP is currently investing its second fund, which held a final close on $585m in November 2019
Neuberger Berman launches ELTIF
Fund focuses on buyout opportunities blended with some growth and structured equity
Q1 Barometer: Total European deal value reaches new decade high
The latest Unquote Private Equity Barometer, produced in association with Aberdeen Standard Investments, is now available to download
Creandum expands investment team in Stockholm and London
Sabina Wizander returns to Creandum as partner after spending four years at portfolio company Kry
Gro-backed Trifork to list in €400m IPO
Planned exit comes six years after software investor Gro Capital invested €6m in Trifork for a 20% stake
Top Tier Capital closes European fund on €260m
Fund makes primary and secondary investments in venture capital funds and co-investments in select portfolio companies
Summa Equity to sell HyTest in €545m trade deal
Company in 2019 recorded SEK 299m in revenues and an adjusted EBITDA of тЌ15m
Screen Capital buys machine rental firm Tätab Hyrservice
Deal is in line with a generational change in ownership of TУЄtab, which was established in 1963
CVC sells AR Packaging to trade for $1.45bn
CVC Capital Partners has signed an agreement to sell portfolio company AR Packaging Group to listed company Graphic Packaging Holding Company for $1.45bn.
Early-stage investor Antler closes Nordic fund on €29.6m
Fund was oversubscribed and includes Draper Esprit, Kistefos, VУІkstfonden and Investinor as LPs
Sentica exits Finnish IT company Solteq
Exit comes 11 years after the GP, via Sentica Buyout III, invested in Descom, which was acquired by Solteq in 2015
Taaleri prepares bioindustry-focused fund launch
Fund will typically invest тЌ5-25m and will look at both majority and minority situations
Bluefront Equity acquires Norwegian firm Redox
GP is acquiring a 51.8% stake in the company, alongside its management, according to Finansavisen
FSN acquires Omegapoint from Priveq
Priveq exits the company four years after acquiring a 40% stake
Altor acquires Swedish home appliance maker Aarke
Company has grown rapidly in the last few years, with sales exceeding SEK 200m in 2020, up from SEK 85m in 2019
Polaris backs sportswear retailer Stronger
GP is acquiring a 51% in the company, with the remainder retained by the founders and management
Abingworth Clinical Co-Development Fund 2 closes on $582m
ACCD 2 finances the development of late-stage clinical programmes of pharmaceutical and biotechnology companies
EQT sells StormGeo to Alfa Laval in €363m deal
Deal gives the company an enterprise value of NOK 3.6bn (тЌ363m), which is 17.7x its 2020 EBITDA
Varenne sells Pema to VC-backed JobAndTalent
Trade sale comes a decade after the Swedish GP first invested in Pema in 2011