Nordics
NORWAY - Cubera sells Marratech to Google
Cubera Secondary has sold Marratech to Google for an undisclosed sum, but the IRR is claimed to be "very satisfactory". Marratech is one of the 11 companies that Cubera has had in their portfolio since acquiring the Aumar portfolio form Sjätte AP Fonden....
NORWAY - HitecVision aquires 49% of Sørco
HitecVision Private Equity has agreed to acquire 49% of the Sørco Group, a major provider of systems and services to the Norwegian and international oil and gas industry. HitecVision Private Equity specialises in investing in growth companies in the oil...
FINLAND - CapMan exits Synerco
CapMan has exited from Synerco, the Swedish provider of integrated facility, security and office services. Capman will sell its stake to Service Management company Addici Holding AB, supported by its major private equity investor Argan Capital.
EUROPE - ECB survey says private equity poses limited systemic risk to banking sector
European leveraged buyout activity poses a limited systemic risk to the European banking sector, says a report by the Banking Supervision Committee of the European Central Bank.
EUROPE – US interest in European offers co-invest opportunities but increases valuations
тThe sign of a bubble is when the IPO market goes from push to pull,т said Gerard Lopez this morning at the Benelux unquote" Private Equity Congress in Luxembourg. The Skype backer explained that valuation levels are increasing and cited the example that...
EUROPE – Pipeline of EUR 10bn funds
There is a pipeline of mega funds coming to market in the coming months, according to Stef Oostvogels at law firm Oostvogels Pfister Roemers, speaking at the Benelux unquote" Private Equity Congress in Luxembourg this morning. He indicated that many are...
EUROPE - unquote'' Benelux Private Equity Congress
unquoteт is excited to bring you the second unquoteт Benelux Private Equity Congress, on 19 April 2007 in Luxembourg.
SWEDEN - NASDAQ is rumoured to be interested in OMX
Rumour has it that NASDAQ is considering a bid for OMX. The bid is rumoured to be approximately SEK 23bn at a price of SEK 192 per share. The possible acquisition is in line with an increased globalisation of stock trading. A consolidated exchange platform...
NORWAY - ProVenture Seed invests NOK 4m in New Index AS
ProVenture Seed has invested seed capital as part of the development of New Index, a technology company based in Trondheim. The investor has developed a business development plan for the coming to years to secure growth going forward, and additionally...
NORWAY - Ferd Private Euity Ferd PE II acquires European Furniture Group AB
FPEF II has aquired 100% of the shares in Swedish office furniture producer EFG from the bbe Krook family (majority shareholder), Siem Industrikapital AB, 4AP-Fonden, a Swedish National Pension Fund, and a number of other minority shareholders.
SWEDEN - Ratos plans to invest SEK 300m for 60% of MCC
Ratos is to acquire 60% of the heating and air conditionings systems (HVAC) company Mobile Climate Control (MCC) from its founder Gunnar Mannerheim for approximately SEK 300m. The company’s senior executives will remain in their present positions. The...
DENMARK - Via Ventures Partners invests in Ebisu
Via Venture Partners has invested in Ebisu, a software company based in Copenhagen. Via Venture's interest was fuelled with Ebisu's new technology that provides solutions to log all internet trafic. The new European Union anti-terror legislation that...
SWEDEN - Segulah II LP complets re-capitalisation of Dacke PMC
Segulah III LP has completed a re-capitalisation of Dacke PMC, a provider of hydraulic equipment and engineering solution. Dacke has been able to repay a subordinated loan provided by Segulah III L.P at the time of acquisition in July 2005. The recapitalisation...
SWEDEN - SVCA reports 17% increase in Angel investments
In the Swedish Venture Capital Association (SVCA), Angel investments increased by 17% to SEK 101m in 2006. The SEK 101m were invested in 71 different businesses, with the average invested per business angel amounting to SEK 608,000. The number of angels...
SWEDEN - Industrifonden invests SEK 9m in satellite receiver Lyngbox
Industrifonden has invested SEK 9m in LyngBox Media AB, a company that develops a new type of digital boxes intended for satellite reception of TV programmes. The Lyngbox is automatically updated by the internet with data on all the world’s different...
SWEDEN - Environmental Technologies Fund appoints Per Ericsson
Per Ericsson has joined the team at Environmental Technologies Fund. Prior to ETF, Per was the regional head for General Electric in the Nordic countries and Baltic states for the past 20 years. He will be based in Stockholm and will work on new investments...
DENMARK - Vækstfonden invests $ 19.27m in series B round in Egalet
Vækstfonden has invested $19.27m in Egalet, a pharmaceutical company that specialises in oral controlled released products. The investment will be used to expand and optimise its proprietary product portfolio.
SWEDEN - Investor Growth Capital invests $14m in Tobii Technology
Investor Growth Capital has completed a $14m round of venture capital funding in Tobii Technology . The investment will be used to accelerate the company's rapid growth, enhance product development and expand global sales and marketing efforts.
NORWAY - emgs IPO at NOK 135 per share
ElectroMagnetic GeoServices (emgs) has priced its IPO at NOK 135 per share, and will start to trade today. The price is at the top of the revised price range of NOK 125-135 per share. There has been strong interest in the market, resulting in the offering...
SWEDEN - Sweden abolishes wealth tax
Sweden has of today abolished wealth tax. Wealth tax has been charged to only 2.5% of the taxpayers, but have been blamed for massive capital flight from the country, estimated to be SEK 1.5bn. The wealth tax has been blamed for Sweden's low level of...
SWEDEN - Partners of EQT Partners AB increase their ownership by 36%
Partners of EQT Partners have agreed with Investor AB to acquire 36% of the shares in the advisory company EQT Partners AB for SEK 290m. The transaction means that partners of EQT Partners will increase their ownership from the present 33% to 69%, and...
NORWAY - Ferd Private Equity acquires Hatteland Display
Ferd Private Equity Fund II (FPEF II) has acquired 90% of the shares in the marine display and panel computer producer Hatteland Display, from Jakob Hatteland Holding and CEO Knut Vidar Lauritsen. Lauritsen will retain an ownership of 10% in the company....
FINLAND - CapMan invests in Novitel
Funds managed by CapMan will invest in the Market Intelligence company Novintel and will acquire 3i Group’s stake in the company at the same time. The investment will be made to support the growth of the company’s international operations.
SWEDEN - Industrifonden invests in VICI Industri
Industrifonden has invested SEK 50m in VICI Industri, together with ALMI, Skaraborg Provins Bank/Danske Bank. VICI Industri has recently received new orders for roughly SEK 200m from Scania, and the investment will be used to expand production facilities....