Nordics
European fund launches off to slow start in 2021
Number of PE funds launched by European managers in Q1 this year is significantly down on the volume recorded for the same period in 2020
Triton reaps 2.4x return on sale of Logstor
Deal comes more than seven years after Triton invested in Logstor via Triton Fund III
Lexington Co-Investment Partners V closes on $3.2bn
Fund focuses on co-investments alongside private equity sponsors, primarily in US and European companies
Riverside Europe VI closes on €465m
REF VI invests in European companies with high-growth potential, generating EBITDA of тЌ5-30m
Capza Growth Tech Fund eyes €250-300m target
Fund invests in tech companies across continental Europe, with the aim of boosting their expansion
Target Global heads for Growth II final close
Fund will make series-B and -C investments; it has a target of тЌ400m and a hard-cap of тЌ600m
Commonfund Venture Partners XIII closes on $625m
CVP XIII plans to deploy the majority of its capital in established early-stage global venture capital funds
Ferd acquires IT firm Norkart
Mergermarket reported in December 2020 that Norkart was being marketed based on EBITDA of around NOK 83m (тЌ7.8m)
Earlybird heads for Growth Opportunities final close
European VC investor is also fundraising for its latest Digital West and Health funds
Brygge Partners invests in Tier 1 Asset
Founder and CEO Peter Hemicke will reportedly own 57.5% while board chaiman Lars Aean purchased 5%
Triton Smaller Mid-Cap Fund II closes on €815m
Fund will follow the same sector and value-creation strategy as TSM I, albeit with larger equity tickets
Ceder Capital acquires Kaffekapslen
After the transaction, Kaffekapslen's management team will own around 45% of the company
OpenOcean and Spintop lead €3.6m series-A for Cambri
Lynda Clarizio, former president of Nielsen US Media, joins the board of directors
ByFounders leads $4.6m seed round for Proper
Other investors include PreSeed Ventures, Prehype, Vaekstfonden and Bjarke Ingels
Epidemic Sound raises $450m from EQT, Blackstone
Deal values the Swedish royalty-free music platform at $1.4bn
CVC eyeing AR Packaging sale - report
GP has reportedly engaged an adviser to solicit interest and has collected non-binding bids
Procuritas buys Polarn O Pyret
Investment company Jotunfjell Partners and the management team will own a minority stake in Polarn O. Pyret.
Unquote Private Equity Podcast: the price is right?
Following the publication of the Q4 2020 Multiples Heatmap, Unquote welcomes Clearwater's executive team to discuss pricing trends
Ratos buys majority stake in Vestia Construction Group
GP will own 63% of the company, alongside the management and other key individuals who own the remainder
Permira gears up for second Growth Opportunities fund
Fund is expected to follow the same strategy as its predecessor, which closed on $1.7bn in June 2019
Bure launches first Swedish SPAC, aims to raise SEK 3.5bn in IPO
Bure says the initiative has been enabled by Nasdaq Stockholm's new SPAC regulations
CapMan to acquire Pharmia
Deal is the second investment from CapMan Buyout XI fund, which held a first close in June 2019 on тЌ160m and has a target of тЌ250m
Qualitas launches €200m fourth fund-of-funds
Qualitas Funds IV invests in fund managers operating across the lower-mid-market in Europe and North America
Nordic Capital partly acquires Boost.ai
Shareholders Finstart Nordic and Alliance Venture will continue as investors alongside Nordic Capital