Nordics
EUROPE - unquote'' Benelux Private Equity Congress
unquote” is excited to bring you the second unquote” Benelux Private Equity Congress, on 19 April 2007 in Luxembourg.
SWEDEN - NASDAQ is rumoured to be interested in OMX
Rumour has it that NASDAQ is considering a bid for OMX. The bid is rumoured to be approximately SEK 23bn at a price of SEK 192 per share. The possible acquisition is in line with an increased globalisation of stock trading. A consolidated exchange platform...
NORWAY - ProVenture Seed invests NOK 4m in New Index AS
ProVenture Seed has invested seed capital as part of the development of New Index, a technology company based in Trondheim. The investor has developed a business development plan for the coming to years to secure growth going forward, and additionally...
NORWAY - Ferd Private Euity Ferd PE II acquires European Furniture Group AB
FPEF II has aquired 100% of the shares in Swedish office furniture producer EFG from the bbe Krook family (majority shareholder), Siem Industrikapital AB, 4AP-Fonden, a Swedish National Pension Fund, and a number of other minority shareholders.
SWEDEN - Ratos plans to invest SEK 300m for 60% of MCC
Ratos is to acquire 60% of the heating and air conditionings systems (HVAC) company Mobile Climate Control (MCC) from its founder Gunnar Mannerheim for approximately SEK 300m. The company’s senior executives will remain in their present positions. The...
DENMARK - Via Ventures Partners invests in Ebisu
Via Venture Partners has invested in Ebisu, a software company based in Copenhagen. Via Venture's interest was fuelled with Ebisu's new technology that provides solutions to log all internet trafic. The new European Union anti-terror legislation that...
SWEDEN - Segulah II LP complets re-capitalisation of Dacke PMC
Segulah III LP has completed a re-capitalisation of Dacke PMC, a provider of hydraulic equipment and engineering solution. Dacke has been able to repay a subordinated loan provided by Segulah III L.P at the time of acquisition in July 2005. The recapitalisation...
SWEDEN - SVCA reports 17% increase in Angel investments
In the Swedish Venture Capital Association (SVCA), Angel investments increased by 17% to SEK 101m in 2006. The SEK 101m were invested in 71 different businesses, with the average invested per business angel amounting to SEK 608,000. The number of angels...
SWEDEN - Industrifonden invests SEK 9m in satellite receiver Lyngbox
Industrifonden has invested SEK 9m in LyngBox Media AB, a company that develops a new type of digital boxes intended for satellite reception of TV programmes. The Lyngbox is automatically updated by the internet with data on all the world’s different...
SWEDEN - Environmental Technologies Fund appoints Per Ericsson
Per Ericsson has joined the team at Environmental Technologies Fund. Prior to ETF, Per was the regional head for General Electric in the Nordic countries and Baltic states for the past 20 years. He will be based in Stockholm and will work on new investments...
DENMARK - Vækstfonden invests $ 19.27m in series B round in Egalet
Vækstfonden has invested $19.27m in Egalet, a pharmaceutical company that specialises in oral controlled released products. The investment will be used to expand and optimise its proprietary product portfolio.
SWEDEN - Investor Growth Capital invests $14m in Tobii Technology
Investor Growth Capital has completed a $14m round of venture capital funding in Tobii Technology . The investment will be used to accelerate the company's rapid growth, enhance product development and expand global sales and marketing efforts.
NORWAY - emgs IPO at NOK 135 per share
ElectroMagnetic GeoServices (emgs) has priced its IPO at NOK 135 per share, and will start to trade today. The price is at the top of the revised price range of NOK 125-135 per share. There has been strong interest in the market, resulting in the offering...
SWEDEN - Sweden abolishes wealth tax
Sweden has of today abolished wealth tax. Wealth tax has been charged to only 2.5% of the taxpayers, but have been blamed for massive capital flight from the country, estimated to be SEK 1.5bn. The wealth tax has been blamed for Sweden's low level of...
SWEDEN - Partners of EQT Partners AB increase their ownership by 36%
Partners of EQT Partners have agreed with Investor AB to acquire 36% of the shares in the advisory company EQT Partners AB for SEK 290m. The transaction means that partners of EQT Partners will increase their ownership from the present 33% to 69%, and...
NORWAY - Ferd Private Equity acquires Hatteland Display
Ferd Private Equity Fund II (FPEF II) has acquired 90% of the shares in the marine display and panel computer producer Hatteland Display, from Jakob Hatteland Holding and CEO Knut Vidar Lauritsen. Lauritsen will retain an ownership of 10% in the company.
FINLAND - CapMan invests in Novitel
Funds managed by CapMan will invest in the Market Intelligence company Novintel and will acquire 3i Group’s stake in the company at the same time. The investment will be made to support the growth of the company’s international operations.
SWEDEN - Industrifonden invests in VICI Industri
Industrifonden has invested SEK 50m in VICI Industri, together with ALMI, Skaraborg Provins Bank/Danske Bank. VICI Industri has recently received new orders for roughly SEK 200m from Scania, and the investment will be used to expand production facilities.
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...
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...