Nordics
SWEDEN - HealthCap and NBGI Ventures invest in BoneSupport
The medical technology company BoneSupport AB in Lund has received SEK 135m in growth funding. The new investors include HealthCap and NBGI Ventures, while the existing owners are Innovationskapital, Teknoinvest, FERD Venture and Vencorp Partners.
SWEDEN - Ratos-backed Lindab to float today
Trading in Lindab’s shares on the Stockholm Stock Exchange will commence today. The market capitalisation of the company is SEK 8.658bn. Lindab, which offers in-house solutions in steel and sheet metal, is one of Ratos's portfolio companies.
NORDIC - Nordic unquote" honours local players with awards for top achievements
The Nordic region's record year in private equity was celebrated at the inaugural Nordic unquote" Private Equity Awards 2006, sponsored by SEB, at the dinner held at Grand Hotel in Stockholm on 28 November. The event was hosted by Swedish current affairs...
SWEDEN - 3i and SEB Företagsinvest divest stakes in SBL Vaccines in sale to Crucell
3i and SEB Företagsinvest, alongside other shareholders, are divesting their stakes in SBL Vaccines, a Swedish vaccine distributor in a sale to NASDAQ listed Dutch biotechnology company Crucell. The sale price is EUR 39.4m, excluding deferred payments...
SWEDEN - Northzone Ventures recruits Hans Otterling as new general partner
Nordic venture capital company Northzone Ventures has recruited Hans Otterling as new general partner. Hans Otterling is an addition to the Stockholm office, which to date has been led by Jörgen Bladh and Pär-Jörgen Pärson.
SWEDEN - Bonesupport secures SEK 135m in funding
The medical technology company Bonesupport AB in Lund, which develops synthetic, injectable ceramic bone substitute, has received SEK 135 million. The new investors include HealthCap and NBGI Venture and the existing owners include Innovationskapital,...
SWEDEN - Accent Equity divests Cefar to Blackstone-controlled Encore
Accent Equity has sold its holdings in Swedish med-tech company Cefar to US-based Encore Medical. Encore was recently bought out from Nasdaq in a public-to-private transaction led by Blackstone Capital Partners.
FINLAND - CapMan appoints new advisers
CapMan has announced that Erik Prydz Mathisen, Terje Thon, Barbara Thoralfsen and Rune Thoralfsen from Norway and Jari Pasanen from Finland have been invited to join CapMan as industrial advisers as of November 2006. The new industrial advisers will complement...
NORWAY - Norvestor buys 70% of BecoTek
Norvestor IV LP has agreed to acquire a 70% interest in BecoTek. BecoTek is an integrated manufacturer and supplier of brass cages to the ball and roller bearing industry worldwide. Headquartered in Åmot, the company recorded a turnover of NOK 194m in...
SWEDEN - 3i and SEB Företagsinvest sell vaccine distributor
3i, SEB Företagsinvest and other shareholders are divesting their stakes in vaccine distributor SBL Vaccines in a sale to NASDAQ-listed Dutch biotechnology company Crucell for EUR 39.4m, excluding deferred payments and future royalties. The transaction...
SWEDEN - Argan Capital buys service provider unit from Manpower
Argan Capital has signed an agreement for the acquisition of the facility management and contact centre businesses within Manpower Business Solutions from Manpower. The companies employ approximately 1,800 staff and generate revenues of around EUR 170m....
SWEDEN - Cinven to acquire Phadia for EUR 1.3bn
PPM Capital and Triton have signed an agreement to sell Phadia, a global market leader in in-vitro allergy diagnostics, to Cinven, for EUR 1.3bn. The sale remains subject to regulatory approvals. PPM and Triton were advised by UBS Investment Bank, Morgan...
SWEDEN - Priveq invests in ByggPartner
Priveq has invested in construction contractor ByggPartner and the transaction represents the first step towards an IPO. Following the investment, Priveq Investment will have an equity holding of some 40% and its current partners, led by CEO Bo Olsson,...
SWEDEN - Nordic Capital buys TietoEnator's stake in Personec
Nordic Capital Fund V has agreed to acquire TietoEnator’s shareholding as well as outstanding shareholder loans in Stockholm-headquartered Personec. After the transaction, Nordic Capital will control 100% of the company together with the management of...
SWEDEN - TranSiC secures SEK 4m in funding
Energy business TranSiC AB has raised SEK 4m in a first round of funding from Volvo Technology Transfer AB and Midroc New Technology AB. Founded in 2005, TranSiC is a Stockholm Innovation & Growth incubator company. It aims to bring silicon carbide power...
SWEDEN - Nordic Capital sells fitness club chain SATS
Nordic Capital Fund IV has entered into a binding agreement to divest fitness club chain SATS to Tryg i Danmark smba. Tryg i Danmark smba invests in companies within the healthcare and security sector. The completion of the transaction is subject to approval...
FINLAND/UK - BioFund exits Ark Therapeutics
BioFund Management Oy has sold all shares of Ark Therapeutics Group Plc, a biopharmaceutical company based in Finland and the UK. Bio Fund Ventures II LP invested in Ark in 2000 and Ark was listed on the London Stock Exchange main list in March 2004....
FINLAND - CapMan redefines objectives
CapMan has redefined its financial objectives and revised vision, mission and values. CapMan’s financial objectives include average capital growth of funds under management of at least 15% per annum and equity fund performance above 15% net IRR to fund...
SWEDEN - Roschier recruits seven new lawyers to Stockholm office
Roschier has strengthened its operations in Sweden through the recruitment of seven new lawyers to its Stockholm office. Fredrik Rydin, a specialist in acquisitions finance, has been appointed partner and recruitment continues on all levels.
NORWAY - Reiten & Co purchases Ellipse-Klinikken
Reiten & Co has acquired a controlling ownership stake in Ellipse-Klinikken, the Nordic region’s largest non-invasive beauty clinic chain. Ellipse-Klinikken offers non-surgical treatments and has 9 locations in Scandinavia and 1 in the UK. In 2005, it...
SWEDEN - Opica's offer becomes unconditional
Opica AB, a company jointly owned by Apax Europe VI, Nordic Capital Fund VI and Apax France, has announced that all conditions to the offer for Swedish healthcare group Capio have been satisfied and that the offer therefore has become unconditional.
NORWAY/UK - HitecVision opens office in Aberdeen
Norwegian HitecVision Private Equity has announced that it will open an office in the UK energy capital Aberdeen. It has appointed a new partner, Mike Hill, formerly a director at 3iтs oil and gas team, to drive its international growth.
NORWAY - Reiten & Co completes two new investments
Reiten & Co has announced two new investments in Norwegian Malthus and Airlift. It will aquire 75% of the shares in Malthus, a Stavanger-based supplier of modular structures to industry.
DENMARK - EQT Opportunity acquires Bodilsen
EQT’s special situations fund, EQT Opportunity Fund, has acquired 100% of the Danish furniture manufacturer Bodilsen from Bodilsen Holding A/S, a company listed on the Copenhagen Stock Exchange. EQT Opportunity Fund will pay DKK 1m for the shares of Bodilsen....