Nordics
EUROPE - Private equity to take the stand
The Commons Treasury Select Committee in the UK has summoned five of Europe тs biggest private equity chiefs to attend a meeting on 20 June, which as been called a sort of тpublic hearingт in a report in todayтs Financial Times. The industry chiefs...
EUROPE - Bear Stearns joins iPEIT club
The Initiative for Private Equity Investment Trusts ( iPEIT ) now names Bear Stearns Private Equity Limited as one of its members, bringing the total number of PEITs under the umbrella organisation to 11. Bear Stearns is a listed fund of funds that...
EUROPE - WINNERS ANNOUNCED for unquote" Central & Eastern European Awards
Unquoteт is delighted to announce the winners of the first ever awards for Central & Eastern European Private Equity, held last night at One Whitehall Place, London. The inaugural event, held in association with EBRD and sponsored by Clifford Chance,...
SWEDEN - EQT sells 10% of Nederman to Investment AB Latour
EQT has signed an agreement to sell 10% of the shares of Nederman to Investment AB Latour, which represents 1 171 535 of the shares. The price is set to SEK 87 per share, which is the same price that Nederman will start to trade on Stockholm Stock Exchange...
SWEDEN- Benchmark capital invests USD 8m in Power Challenge
Benchmark Capital has invested USD 8m in Power Challenge, a online sports game developer based in Sweden. The investment will be used to develop new titles, improve the quality of existing games and expand its global infrastructure.
SWEDEN - EQT lists Nederman with strong interest in the market
EQT has listed Nederman on Stockhom Stock Exchange, receiving noteworthy interest in the market.Through a bidding process, the final price offer was set at SEK 87 (EUR 9.4) per share. The public offering, which compromised a total of 7,381,898 shares,...
SWEDEN- Industrifonden sells shares in XCounter
Industrifonden has sold their shares in XCounter, a medical equipment company listed on AIM. Industrifondens stake, which amounted to 4,74%, was sold for SEK 42m.
EUROPE - Carlyle in Euronext placing
The Carlyle Group is to place shares of its Guernsey-based affiliate Carlyle Capital Corporation on Euronext Amsterdam later this year, the buyout house said in a statement.
EUROPE - Male gender prevails in venture-backed companies
Around 95% of the CEOs in venture-backed companies across Europe are men, according to a study carried out by Library House. However, the data shows that companies run by women appear to perform ahead of their male peers. Out of 600 venture-backed companies...
WORLD - KKR cashes in with 44% of global deal volume
KKR has eclipsed its rivals so far this year, claiming a 44.1% share of global deal volume, over double its 20% share since the beginning of 2004. The value of these deals was more than it recorded in 2005 and 2006 combined. This includes the ТЃ10.1bn...
NORWAY - SCAN has completed a private placement of NOK 224m
Norvestor backed SCAN has successfully completed a private placement of 8m shares at a price of NOK 28 per share, equalling gross proceeds of NOK 224m. SCAN announced the private placement on May 2nd 2007, of 6-8m shares and retail offering of 2-4m shares,...
FINLAND - 3i sells shares in Wicom to SAP
3i has agreed to sell its shares in Wicom to SAP. At the same time the other investors and the Wicom management are divesting their shares, hence SAP will become the sole owner of the business. Wicom specialises in IP telephony for businesses, servicing...
DENMARK - Sunstone Ventures - a new Danish venture capital company
Sunstone Capital A/S was launched today as a new player on the Danish venture market with total commitments of EUR 390m. The new venture player has four funds under management, and will focus on early-stage Nordic companies. In a first closing of its...
EUROPE - Later stage rounds dominate European venture activity in Q1 2007
Recent research into European venture investing in Q1 2007 shows that later stage rounds have dominated activity. 40% of the rounds in the first quarter were later-stage rounds, the largest percentage since 1999. In total, Q1 2007 recorded EUR 1.07bn...
DENMARK - Via Ventures invests in QAtor
Via Venture Partners has invested in QAtor - a software firm specialising in compliance and quality assurance software for the Life Science Industry. The investment will be used to further accelerate market penetration and product development.
SWEDEN - EQT and Investor AB sells Gambro Health Care to Bridgepoint
Investor AB and EQT has agreed to sell Gambro Health Care to Bridgepoint for an undisclosed sum from Gambro Holding AB. Prior to the sale EQT has held a 51% stake in the company, and Investor AB held the remaining. The sale of Gambro Healthcare is part...
SWEDEN - Earlybird leads SEK 68.5m investment in Sidec Technologies
Earlybird Venture Capital, Industrifonden and Investor Growth Capital has invested SEK 68.5m in Sidec Technologies AB, a Swedish biotech company. In the series-B round, Investor Growth Capital and Ealybird joined Industrifonden, an existing investor....
SWEDEN - Segulah recruits new partner
Segulah has recruited Percy Calissendorff as a new partner. He will join the team as of September 3rd 2007. Percy is a Swedish citizen with over ten years of private equity experience. Over the last five years, he has been a partner at UK based private...
SWEDEN - Innovations Kapital makes 9x on sale of Spotfire
InnovationsKapital hs sold IT company Spotfire to TIBCO, a US software company, making a 9x return on investment. The sale of Spotfire marks the final close of InnovationsKapital's first fund, InnKap 1.
NORWAY - HitecVision to invest in Poseidon Group
HitecVision Private Equity has invested in Poseidon Group, a supplier of engineering, system solutions, technology and consultant services within construction, operations and maintenance of subsea oil and gas fields. The investment gives HitecVision a...
ICELAND/NORWAY - Glitnir appoints new CEO
Lárus Welding has been appointed new CEO of Glitnir, after Bjarni Ármannsson, who has served as the bank´s CEO for the past 10 years. Welding has previously been managing director for Landsbanki´s London Branch since 2003. Welding joined Landsbanki in...
FINLAND - Eqvitec exits Secgo Software
Eqvitec Technology Fund I has sold its 18% holding in Secgo Software, a Finnish information security and mobility management software company, to Birdstep Technology ASA for EUR 9.2m. Eqvitec invested in Secgo in the company's spin-off from Secgo Group...
SWEDEN - Accent Equity acquires stake in EQT-owned Scandic Hotels
EQT has acquired Scandic Hotels from Hilton Hotels Corporation through its EQT V fund. In connection with the completion of the transaction, EQT has invited Accent to acquire 14% of Scandic Hotels through its Accent Equity 2003 fund. EQT will thereby...
NORWAY - Eqvitec Technology Fund III invests in TraceTracker Innovation ASA
Eqvitec Technology Fund II has invested in TraceTracker Innovation, a Norwegian software provider of electronic traceability solutions for the food industry.