Nordics
FINLAND - Sentica holds first close on EUR 50m
Sentica Partners has held a first close of its third buyout fund on EUR 50m.
UK/FRANCE - Apax sued over profit split
Apax Partners co-founder Maurice Tchenio is sueing the firm in a dispute over how profits and fees were split on deals in Europe since 2001.
SWEDEN - Ratos acquires remaining MCC shares for SEK 210m
Ratos has acquired the remaining 40% of MCC, a supplier of climate comfort systems for buses, off-road and speciality vehicles, from founder Gunner Mannerheim for SEK 210m.
EUROPE - CVC appoints new senior adviser
CVC Capital Partners has appointed Charles-Henri Filippi as senior adviser.
SWEDEN - Scope supports Pocketstället
Scope, through Scope Growth II LP, has invested an undisclosed sum into Swedish book distributor, P Pocketstället AB.
EUROPE - IPEV reaffirms commitment to fair value
At a press conference in London this afternoon the International Private Equity & Venture Capital Valuation board (IPEV) emphasised its support of the fair value methodology as the best measure of assessing the value of private equity portfolio companies...
SWEDEN - Nordic Capital closes on EUR 4.3bn
Nordic Capital has held a final close of its seventh fund, Nordic Capital VII, having secured EUR 4.3bn in total commitments.
The value of 'fair value'
Private equity firms are facing a difficult and potentially painful year-end accounting process as they adapt to the increasing requirements of fair value reporting, but there could be rewards in store for those that meet the challenge. By Ashley Wassall...
The wheel turns...
With pressure mounting on both GPs and LPs alike as the post-crunch economic decline stagnates the primary market, the cycle seems once more to have turned in favour of secondaries players. Ashley Wassall reports.
How to Pick Winners
Despite the age-old adage that backing sound management is paramount, a new study reveals that people are less important than the product.
Movers and shakers
Despite the current economic turmoil and subsequent downturn in deal activity, several areas of the private equity industry have witnessed a recruitment boom in the last month. Is this a sign of better things to come? Ashley Wassall reports.
FINLAND - Sofinnova et al. inject EUR 40m into Blyk
Existing investors Sofinnova Partners, IFIC, Goldman Sachs and private individuals have invested EUR 40m into Finnish mobile network for young people, Blyk.
SWEDEN - Ledstiernan-backed Metrima sells Home Solutions
Ledstiernan-backed Metrima, a developer of products and systems for multi-type measurement of energy, has sold its subsidiary Home Solutions in order to streamline its operations.
SWEDEN - 3i divests stake in Boxer
3i has sold its 30% stake in Nordic digital television company Boxer TV-Access AB to majority stakeholder Teracom, the Swedish government-owned media operator, for an undisclosed sum.
EUROPE - Antin Infrastructure Partners launch announced
Antin Infrastructure Partners, a new fund management business focusing on the infrastructure space and affiliate of BNP Paribas Asset Management, announced its launch this morning at a briefing in London.
FINLAND/US - Nexit Ventures holds second close on EUR 75m
Nexit Ventures has held a second close of Nexit Infocom II on EUR 75m, expecting a final close early 2009.
SWEDEN - EQT closes infrastructure fund on EUR 1.2bn
EQT has closed its first infrastructure fund on EUR 1.2bn, exceeding its target of SEK 1bn.
SWEDEN - Investor Growth Capital injects SEK 50m into PocketMobile
Investor Growth Capital has invested SEK 50m into mobile software developer PocketMobile.
SWEDEN - AP6 invests SEK 20m into Orsa Grönklitt
The Sixth Swedish AP Fund (AP6) has invested SEK 20m into Swedish tourism company, Orsa Grönklitt, becoming the second largest shareholder in the business.
SWEDEN - Creandum appoints new partner
Swedish early-stage venture capital firm Creandum has promoted Fredrik Cassel to the position of partner.
SWEDEN - Carnegie investment bank appoints new board
The Swedish National Debt Office has appointed a new board of directors for Carnegie Investment Bank AB.
BENELUX/NORDIC/UK - Goldman acquires ABN AMRO portfolio
Goldman Sachs Asset Management has completed the acquisition of a portfolio of 20 buyout investments from ABN AMRO.
SWEDEN – Ratos expands board
Ratos' nomination committee has proposed expanding the board of directors with the inclusion of executive vice president of StatoilHydro in Bergen, Margareth Øvrum.
EUROPE - Duke Street appoints partner
European mid-market buyout house Duke Street has appointed Miles Cresswell-Turner as a partner specialising in Financial Services.