Nordics
SWEDEN - Industrifonden invests SEK 9m in Accedo Broadband
Industrifonden, together with management and existing owners, have annouced that they will invest SEK 9m in Accedo Broadband, a distributor and developer of IPTV. The investment will be used to fuel product development and sales distribution in Europe,...
SWEDEN - CapMan, SEB Venture Capital and Aloe Private Equity acquires KMW Energi AB
CapMan, SEB Venture Capital and Aloe Private Equty have acquired 80% of KMW Energi's shares. KMW is a biofuel company based in Norrtälje. The 80% ownership will be split eaqually between the investors, and the current owners will hold the remaining 20%...
NORWAY - HTV, Input/Output and Reservoir form joint venture
Hydro Technology Ventures (HTV) has formed a joint venture with Input/Output (I/O) and Resevoir Innovation, to deploy, pilot test and commercialise a full-wave seismic system for permanent monitoring of offshore reservoirs.
SWEDEN - 3i and Litorina make 9x on divestment of Q-Matic to Altor
3i, Litorina Kapital and the founding family has agreed to sell their shares in Q-matic, a queue management and customer flow management solution company, to Altor. The investors make a 9x money multiple on the exit.
EUROPE - Schühsler replaces Loizaga as EVCA chairman
TVM Capital's managing partner Helmut Schühsler was officially elected as EVCA chairman for the period June 2007 to June 2008.
EUROPE - EVCA defiant on difficult day for private equity
The mood at the EVCA Symposium held in Rome today was defiant. On the day that the BVCA CEO stepped down the voices on this side of the Channel were clear: "Politicians should be careful what they wish for," warned Philippe Costeletos from Texas Pacific...
EUROPE - EVCA to change its set-up
The European Private Equity and Venture Capital Association (EVCA) today announced at its annual conference in Rome that it is to become an umbrella for three independent groups dealing with large buy-out houses, mid-market buy-out companies and venture...
SWEDEN - Industrifonden recruits two new investment managers
Industrifonden has hired two new investment managers. Stefan Jakelius, formerly head of seed financing at the Energy Agency, who will invest in cleantech ventures. Tore Tolke, formerly investment manager at Småföretagsinvest, who will work in expansion...
FINLAND - Industri Kapital divests Etel Networks to 3i making 2.5x
Industri Kapital and TeliaSonera have signed an agreement to sell their shares in Eltel Networks to 3i through an auction process which was held by Access Partners, making a 2.5x money multiple.
NORWAY - Verdane Capital Advirsors and Ferd Venture exits Nacre AS to Bacou-Dalloz
Bacou-Dalloz has acquired Nacre AS from Ferd Venture, Verdane Capital Advisors and Viking Venture. The transaction values Nacre at USD 135m, and Ferd Venture has announced that they will make a 15x return in cash on the divestment.
DENMARK- 7TM AS secures fourth-round investments of $22m
7TM Pharma AS, a Danish pharmaceutical, has raised around $22 million in a fourth-round funding from SR One Ltd, one of GlaxoSmithKline’s independent corporate healthcare venture capital fund. Other investors that have participated are Alta Partners,...
EUROPE - EVCA stats show record 2006 fundraising and investment
Final figures for European private equity activity and performance were announced by EVCA today, confirming a booming buyout industry and continued UK dominance. The figures also showed something of a revival for European venture, with €17bn allocated...
NORWAY - Arcapita sells Roxar to CorrOcean
CorrOcean has entered an agreement with Arcapita to acquire 100% of Roxar, the Stavanger based technology solutions provider for the oil and gas industry. The price represents an enterprise value of NOK 2.2bn. The two companies have a strategic fit, and...
SWEDEN - Provider Venture Partners divests Drutt to Ericsson for a 5x return
Provider Venture Partners has sold their stake of Drutt, a software company, to Ericsson. The value of the deal is not disclosed but it is valued to be around SEK 350-400m, with Provider Venture Partners securing a 5x money multiple. Drutt Corporation...
SWEDEN - Industrifonden recruits two new professionals
Industrifonden has hired two new investment managers, Stefan Jakelius, formerly head of seed financing at the Energy Agency, and Tore Tolke, formerly investment manager at Småföretagsinvest.
SWEDEN - Ferd Venture invests NOK 80m in Nanoradio AB
Ferd Venture has invested NOK 80m in Swedish chip producer, Nanoradio AB, as part of a NOK 160m round with existing investors Nordic Venture Partners, Innovacom, Teknoinvest og Industrifonden. The new capital will be used to fuel internationalisation...
SWEDEN - Malmöhus Invest makes 14x on exit of HARDI Electronics
Malmöhus Invest has sold HARDI Electronics AB to Synplicity Inc in California, making a 14x return in cash, and an IRR of 140%.
FINLAND - Eqvitec acquires outstanding shares of StyroChem
Eqvitec Technology Fund III has acquired the outstanding shares in StyroChem Finland Oy, a producer of expandable polystyrene (EPS), from Wincup. The investors will also offer management ownership in the compnay.
DENMARK - Unifeeder is acquired by Montagu for over EUR 400m
Montagu Private Equity has acquired feeder operator Unifeeder from its management for over EUR 400m. The investors acquired 100% of the company, but the management will take a significant stake in the business going forward. Unifeeder was sold via an...
NORWAY - Ferd Ventures invest EUR 2m in Kvaleberg
Ferd Ventures has invested EUR 2m in Kvaleberg, a mobile software company located in Oslo. The investment will be used to accelerate international growth.
FINLAND - CapMan strengthens its Real Estate team
Jorma Lehtonen has been appointed as CapMan Real Estate’s fund director and will be responsible for the investment activities of private equity real estate funds. In addition he will act as deputy to Markku Hietala, managing director of Realprojekti...
FINLAND - CapMan acquires land in Vantaa
CapMan RE II has acquired land located in the Kivistö area of Vantaa, Finland. Under the existing plans, the land and surrounding properties will be zoned as a commercial services district.
NORWAY - NVCA reports strong growth in Norway
The Norwegian Venture Capital Association has released its annual statistics on the Norwegian market for 2006. In 2006, there were 15 new funds established with NOK 11.4bn of new capital raised. The association also reported a 75% increase in the amount...
FINLAND - 3i acquires 25% of DNA for EUR 140m
3i has acquired 25% of the shares in Finnet OY, a Finish mobile operator, for EUR 140m. Following the deal Finnet OY is to be renamed DNA. 3i's stake will be reduced to 13% after the anticipated merger of five local operators and DNA. The 25% stake has...