Nordics
FINLAND - CapMan buys vehicle logistics business
CapMan has purchased a 60% shareholding in John Nurminen Oy’s Vehicle Logistics Unit. John Nurminen Oy will hold 25% of the shares in the newco.
NORWAY - Venture-backed Algeta applies for listing
Therapeutics company Algeta ASA has applied for listing on the Oslo Stock Exchange. The company raised NOK 185m in series-A financing from a consortium of investors, including HealthCap, Advent Venture Partners, SR One, and existing investors, Selvaag...
FINLAND - Eqvitec divests Teletekno
Eqvitec funds have sold their stake in Teletekno Oy, a Finnish supplier of telecommunication and network products, to Onninen Oy.
DENMARK - BankInvest New Energy appoints new managing partner
Poul Erik Schou-Pedersen will begin as new managing partner of BankInvest New Energy Solutions (NES) on 1 June 2007. He is chairman of the NES advisory board, and has since 1992, been CEO of the Danish energy meter company Kamstrup
DENMARK - Gilde invests EUR 5m in Symphogen
Gilde Healthcare Partners has invested EUR 5m in biotechnology company Symphogen A/S in a second closing of the series-E round.
DENMARK - Erhvervsinvest buys Aalborg Træindustri
Danish buyout firm Erhvervsinvest has acquired an 83% stake in table tops provider Aalborg Træindustri.
NORWAY - Hydro invests NOK 22m in database technology company
Hydro has invested NOK 22m in Tektonisk and its ShareCat database technology. ShareCat is used by a number of international oil and gas producers to share information between suppliers and subcontractors on the type of equipment used in connection with...
EUROPE - Advent International announces global promotions
Advent International has announced the promotion of 13 members of its global investment team.
SWEDEN - Apax sells Mölnlycke to Investor and Morgan Stanley for EUR 2.85bn
Funds advised by Apax Partners has sold surgical and wound care applications provider Mölnlycke Health Care Group (MHCG) to Investor AB and Morgan Stanley Principal Investment (MSPI) for EUR 2,850m.
EUROPE - European Buyout Review shows 2006 record year for private equity
2006 was a record year for European buyouts with the total value of deals topping over EUR 160bn for the first time ever, according to the latest European Buyout Review due to be published in March 2007 by Incisive Media in association with Bridgepoint....
SWEDEN - Bids come in for Apax's wound care company
Blackstone and Investor AB are believed to be bidding for Apax's surgical and wound care applications provider Mölnlycke Health Care, according to press reports. It is understood that the sale could be valued at up to EUR 3bn.
SWEDEN - Litorina buys waste management company
Litorina Kapital has acquired Resta, a Stockholm-headquartered waste management company. Following the acquisition, Litorina will own approximately 75% of the company and the founders the remaining 25%.
FINLAND - Innofinance's DelSiTech signs agreement with Bayer
Turku-based drug delivery company DelSiTech Ltd, a portfolio company of Innofinance, has entered into a license agreement with Bayer Innovation GmbH. The deal gives Bayer the exclusive rights to use the DelSiTech ® drug delivery technology for fiber applications...
SWEDEN - Segulah's NEA sells properties for SEK 348m
NEA, which Segulah III LP acquired in October 2006, has sold 25 properties to property company Sagax for SEK 348m. The ownership of NEA’s properties was not seen as strategically important for the company and the financial resources that will be released...
DENMARK - NorthCap Partners sells Instadia to Nasdaq-listed Omniture
NorthCap Partners has sold Instadia to Omniture, a web analysis company listed on Nasdaq, for an undisclosed sum. Instadia was founded in 2000 and IVS, which is now part of NorthCap Partners, invested in the company two years later.
FINLAND - Innofinance and FII invest in bio-gas company
Innofinance and Finnish Industry Investment have invested EUR 600,000 in Tampere-based bio-gas company Puhdas Energia Oy. Founded in 2001, it focuses on optimising small scale fixed bed gasification technology.
DENMARK - Asetek receives $4m in funding
Asetek, a provider of thermal management solutions for semiconductors, has secured a $4m investment following the $5m round closed last year. Northzone Ventures, Vaekstfonden, KT Venture Group, and a group of private investor participated in the round....
FINLAND - ABN AMRO Capital's Iittala to consider listing in Helsinki
The design company Iittala Group, a portfolio company of ABN AMRO Capital, is looking into the possibilities of going public on the Helsinki Stock Exchange. Nordea Corporate Finance and ABN AMRO Rotschield have been appointed financial advisers.
DENMARK - Venture funds sell Ascio for over DKK 200m
IVS, Nordic Venture Partners and Vækstfonden have sold internet domain name company Ascio Technologies A/S to listed NBT in the UK. The value of the deal is over DKK 200m, with the sellers receiving cash, shares in NBT and options.
SWEDEN - AOL launches $900m offer for VC-backed TradeDoubler
AOL has made a cash tender offer to acquire online marketing solutions company TradeDoubler AB for SEK 215 per share. Funds managed by TowerBrook Capital Partners, Arctic Ventures, Prosper Capital and Four Seasons Venture (now called Verdane Capital)...
SWEDEN - 3i, InnovationsKapital and smac partners sell Nordnav for $75m
3i, InnovationsKapital and smac partners have sold Nordnav, a provider of GPS software solutions for mobile devices, to Camebridge Silicon Radio. The purchase price for all shares in the company is approximately $75m and InnovationsKapital has generated...
GLOBAL - SJBerwin loses three partners to Kirkland & Ellis
SJ Berwin LLP has announced that three private equity partners, Mark Mifsud, Richard Watkins and Justin Dolling, will move to rival law firm Kirkland & Ellis LLPтs fund formation team.
NORWAY - Norvestor's Elixia buys Sports Club
Elixia Holding AS has acquired Sports Club AS, creating a fitness club chain with over 110,000 members in the Nordic region. Following the merger, the fitness chain will have a total of 24 clubs in various Norwegian cities and an additional 7 in Finland....
EUROPE - IPES appoints Brennan as COO
IPES, a private equity fund administrator and outsourcing provider, has announced that Kevin Brennan is to take on the newly created role of chief operating officer. Brennan will be responsible for the design and delivery of the organisational structure...