Nordics
DCVC Bio leads $17m series-A round for BioPhero
Startup will use the funding to start production of its first product and make it available worldwide
Agilitas 2020 Private Equity closes on €565m
Fund focuses on mid-market companies across western Europe, within a range of sectors
CapMan Special Situations acquires HopLop
HopLop is the first investment from the GP's newly launched special situations strategy
Summa Equity sells Sortera to Nordic Capital
Summa was reportedly eyeing an exit multiple of 15x EBITDA, based on a 2019 figure of тЌ19.6m
Majority of LPs happy to commit without in-person meeting – survey
Cebile Capital survey finds that 51% of respondents expect to increase PE commitments in 2021
Quantifying PE's appetite for recurring revenue models
Buyouts in sectors where recurring revenue models are predominant went from 8% of European volume in 2010 to 22% in 2021 to date
BlackFin acquires Fokus Asset Management
Acquisition will enable Fokus to strengthen its service globally and become the main point-of-contact for foreign investors wanting to access the Nordic real estate market
KKR invests $100m in Nordic Bioscience
GP is investing from Health Care Strategic Growth Fund, which held a final close in November 2017 on $1.2bn
Summa-backed Olink files for US IPO
Olink has been backed by Summa Equity since March 2019 and increased its revenues by 16.7% in 2020
Nordic players await distressed carve-out uptick
Carve-out activity in the Nordic region hit a three-year low last year, but was still propped up mainly by corporates divesting healthy assets
Saga holds first close on €600m for eighth fund
GP started raising its latest fund in late September 2020 and plans to continue fundraising into Q2 of 2021
Sofinnova Crossover Fund closes on €445m
Fund focuses on investments in later-stage biopharma and medtech companies that need capital to scale up
OTPP, KKR to buy Caruna from First Sentier Investors, Omers
Following deal completion, KKR and Ontario Teachers' will each own 40% in the company, followed by AMF Pension with 12.5%, and Elo Mutual Pension Insurance Company with 7.5%.
Biotech market provides dose of optimism
In the past year, the biotech market has seen buoyant activity, reaching record levels of investments
Beyond Black holds first close for Pledge Fund I
Following the тЌ20m first close, the Berlin-based VC aims to launch a larger cleantech-focused fund
Monterro buys e-health software provider Bliksund
Company is looking to expand in Sweden, Denmark and the UK first, but also further abroad
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Global PayTech Ventures invests €4m in Subaio
Deal is Global PayTech’s first investment and will help Subaio expand into new European markets
Norvestor acquires Finnish water management firm Envera
Norvestor partner Per-Ola Baalerud said in the press report that the GP aims to increase Enveraтs turnover five-fold within four to five years
No need to panic about high dry powder as PE market comes roaring back, says Bain
Appetite remains high for deal-making and exits, according to Bain & Companyтs 2021 Global Private Equity Report
Hiro Capital invests $15m in three gaming studios
Funding will help the studios expand their development pipelines and accelerate global growth
Partners Group buys Parmaco from Terra Firma-led group
Vendors reportedly sought a valuation of between тЌ800m-1bn for the company
Capidea buys toy company Maki from Industri Udvikling
Industri Udvikling had backed Maki since August 2017 and owned a 40% stake
Left Lane Capital leads €8.2m series A for Memmo.me
Swedish platform allows users to request personalised video messages from celebrities