Nordics
NORWAY - Algeta raises NOK 250m in IPO
Algeta, Norwegian Cancer therepeutics successfully closed its IPO at a gross proceeds (before over-allotment) of NOK 250m. The offering was more than twice over-subscribed and was priced in the upper half of NOK 47 per share. The offering took place in...
SWEDEN - Swedish Venture Capital Association gets new president
Fredrick Johansson will follow Johan Hernmarck as the new president for the Swedish venture Capital Association (SVCA), it has been announced today. Johansson started SEB Foretagsinvest back in 1995 and is the head of the company today.
SWEDEN - Industry Capital sells Prevesta to Block Watne Group for SEK 1.9bn
Block Watne Group (BWG), one of Norway’s leading housebuilders and listed on Oslo Børs, has entered into an agreement with Industri Kapital's 2004 Fund to buy 100 per cent of the shares in Prevesta, Sweden’s leading producer of prefabricated houses with...
NORWAY - Radiocrafts receives growth capital from Verdane Capital
Radiocrafts AS, a leading supplier of wireless radio frequency (RF) modules to the professional market for communication in the license-free frequency bands, has received growth capital from Verdane Capital. The new funding is part of the strategy to...
NORWAY - SCAN Signs agreement with Ship Finance Ltd
SCAN Geographical systems ASA (SCAN), in which Norvestor IV holds a 35.5% stake, has agreed to sell its three new building high capacity 3D vessles to Ship Finance Limited for USD 70m per vessel.
SWEDEN - Swedish Venture Capital Association announces awards
The Swedish Venture Capital Association (SVCA) announced during its annual conference in Stockholm on 21 March, three winners of the SVCA Awards. Industri Kapital won the award for "promoting the community" for its project in Uganda fighting African sleeping...
SWEDEN - SVCA released activity report
According to the Swedish Venture Capital Association (SVCA), SEK 46bn has been invested in 2006, which is an increase of 14% since 2005. Venture investments (including seed, start-up, expansion) received SEK 6bn, split between 668 deals, which represents...
NORWAY - VPS and Oslo Børs recommend a merger
The boards of Directors of VPS Holding ASA and Oslo Børs Holding ASA have agreed to propose to merge the two companies. The merger is believed to give the companies a more efficient and co-ordinated use of their expertise and resources. The combined company...
SWEDEN - Amadeus joins $12m funding in Transmode
Amadeus Capital Partners has contributed to the $12m F round financing in Transmode Holding AB, a Stockholm-based supplier of optical networking equipment for metro Ethernet networks.
EUROPE - Covenant-lite loans stoke heavy fears
Reports of banks accepting тcovenant-liteт loans to win deals has worried industry professionals. тIt is due to an oversupply of capital and a very clear sign of an overheated market,т one banker said. тIt is a bad structure and will come unstuck т we...
NORWAY - New listing opportunities with Oslo Axess
In May, new listing requirements will be implemented on the Oslo stock exchange. Oslo stock exchange received the concession to establish the new market place in 2006, responding to the need in the market for additional listing opportunities besides the...
SWEDEN - Industrifonden and Via Venture Partners invest SEK 20m in ComActivity
Industrifonden and Via Venture Partners have invested SEK 20m in ComActivity, an enterprise computing company. ComActivity supplies cost effective, future proof, web based, user-friendly and flexible enterprise solutions. The company has developed a new...
EUROPE - No overhang, but concerns regarding returns say LPs
'There is no capital overhang,' according to Urs Wietlisbach at Partners Group, speaking at the EVCA Investors' Forum in Geneva on Wednesday. As Thomson revealed that nearly EUR 90bn was raised for investment last year, panelists were quick to point out...
NORWAY - Northzone Ventures and Selvaag invest NOK 7.5m each in T-VIPS
Northzone Ventures and Selvaag invest NOK 7.5m each in a second round of funding in technology company T-VIPS to accelerate its R&D programme, enhance sales and marketing initiatives and expand the company's international operations. T-VIPS' international...
GLOBAL - S&P launches industry index
In a move that underlines the increasing significance of private equity, ratings agency Standard & Poorтs has launched a new index to track the industryтs performance. The tracker will follow the 25 most liquid private equity firms around the globe.
FINLAND - CapMan invests in Mirasys
CapMan has invested in software company Finnish Mirasys Ltd in return for a maximum of 42% of the fully diluted shares in the company.
SWEDEN - Northzone invests $10m in Xcerion AB
Northzone Ventures has invested $10m in Xcerion AB to launch its collaborative XML Internet OS. Xcerion aims to distribute the OS and accompanying applications free as a service over the internet.
FINLAND - Hansastroi raises EUR 20m from Quadriga-led syndicate
Quadriga Capital Russia Private Equity Fund has led a syndicate including EBRD, DEG and private investors for the EUR 20m financing of Finland based construction company Hansastroi.
SWEDEN - Kwintet acquires The Cotton Group
Industri Kapital portfolio company Kwintet has acquired European promotional wear company The Cotton Group. Industri Kapital backed the buyout of Kwintet in 2005.
SWEDEN - Vision Capital sells Cerbo to Nolato for £32m
Vision Capital has sold pharmaceutial primary and secondary packaging business Cerbo Group AB, to Swedish polymer manufacturing group Nolato, for SEK 437m (£32m).
FINLAND - Eqvitec injects EUR 2m in customer analytics solution provider
Via its fund Eqvitec Technology Fund III, The venture sponsor has invested EUR 2m in the first round of funding for Xtract, a Helsinki-based software developer.
DENMARK - Northzone and Ferd Venture back Napatech
Northzone Ventures and Ferd Venture, existing investors in Napatech, have announced a USD 7.5m round of funding in the company. The employees and investors with relations within Napatech were also be invited to participate in the round, on the same conditions...
SWEDEN - SEB Företagsinvest et al back QuickCool
SEB Företagsinvest has joined TeknoSeed and CapMan as a lead investor to advance QuickCool’s clinical studies, in a EUR 2.2m funding round.
DENMARK - CVC acquires Matas
CVC Capital Partners has purchased personal care retail chain Matas A/S and affiliated stores. The private equity house has acquired 206 stores from approximately 125 store owners and has entered into conditional agreements to acquire an additional 45...