Nordics
FINLAND - EQT's Salcomp commences trading on Helsinki's Pre-List
Salcomp Plc, owned by EQT, has commenced trading on the Pre-List of the Helsinki Stock Exchange today and the offer price was set at EUR 3.20.
DENMARK - Egalet secures $27.6m from Atlas, Index and existing investors
Danish drug delivery company Egalet a/s has announced the closing of a $27.6m round of financing led jointly by new investors Atlas Venture and Index Ventures.
ICELAND - Íslandsbanki becomes Glitnir
Íslandsbanki has changed its brand name to Glitnir because the bank has become an international company and needed a name to reflect its transformation.
NORWAY - VC-backed Edvantage merges with Boxer Technologies and Kognita
The owners of Edvantage group and Reitangruppen, owner of Boxer Technology AS and Kognita ltd, have reached an agreement to merge the three companies.
SWEDEN - Nordic Capital sells Guide to EDB
Nordic Capital Fund IV has entered into a binding agreement to sell Guide to EDB. The value of the deal has not been disclosed.
FINLAND/UK - VC-backed Ark Therapeutics announces preliminary results
Ark Therapeutics Group Plc has today announced its preliminary results for the year ended 31 December 2005. In 2005, it was awarded a EUR 2.2m grant by Finnish government to extend gene medicine manufacturing facilities. The company's highlights also...
NORWAY - Altor's Simrad buys Lowrance Electronics
Altor 2003 Fund’s Simrad Yachting has acquired Lowrance Electronics in a public to private transaction from Nasdaq.
DENMARK - Nordic Capital's Nycomed announces new management structure
The responsibilities of Nycomed’s leadership team has been revised to place greater emphasis on sales and marketing.
SWEDEN - ICG recruits Timo Larjomaa as Nordic investment manager
Timo Larjomaa has joined Intermediate Capital Group’s (ICG) Nordic team in Stockholm as an investment manager. He has previously held positions at the Boston Consulting Group and the Finnish law firm Roschier Holmberg.
DENMARK - ATP protests against squeeze out of TDC shareholders
ATP has decided to subimt a formal protest against Nordic Telephone Company ApS (NTC) and TDC A/S to prevent the squeeze out of ATP and other minority shareholders of TDC.
SWEDEN - Accent Equity acquires stake in Jetpak
Accent Equity has announced the acquisition of one-third of the shares in Swedish logistics company Jetpak. The formerly SAS-owned company was acquired at the end of 2005 by Danish Polaris Private Equity.
FINLAND - CapMan funds receive mezzanine loan repayment
Finlayson & Co Oy has repaid its mezzanine loans to Finnmezzanine II and III, funds managed by CapMan.
FINLAND - Sentica invests in video rental business
Sentica Partners has invested in Turku-based Makuuni Oy. Makuuni specialises in movie rentals and has more than 90 stores across Finland.
FINLAND - FII and Aura Capital invest in Optomed
Medical technology business Optomed has secured around EUR 700,000 in a first round of funding from Finnish Industry Investment, Aura Capital Oy and Mawell Oy.
SWEDEN - InnovationsKapital generates 9x return on Carmen Systems
InnovationsKapital and other major shareholders have entered into an agreement to sell all of their interests in Carmen Systems to The Boeing Company. As a result, the net proceeds to InnovationsKapital are at least SEK 190m, equivalent to 9x the invested...
NORWAY - NeoMed-backed Clavis Pharma appoints new chairman
Clavis Pharma, a portfolio company of NeoMed III, has announced that former Oslo Stock Exchange president, Sven Arild Andersen, has been appointed as chairman of the board of directors. Andersen takes over this position from Tom Pike, who will continue...
SWEDEN - Accent Equity acquires Grycksbo paper mill from Stora Enso
Accent Equity has announced the buyout of 100% of the shares in Stora Enso Grycksbo AB from Stora Enso.
SWEDEN - Eqvitec invests $4m in Movimento
Eqvitec has made a $4m investment in Movimento AB, a fast growing automotive electronics and software company based in Gothenburg.
SWEDEN - Mercer expands its Nordic investment consulting operations
Mercer Investment Consulting has announced that it is expanding its Nordic operations with three new senior appointments. Jonas Arsjö, Niclas Sundberg and Krister Carlsson, previously directors of MPIR Investment Services AB, join Mercer today.
SWEDEN - BoneSupport secures SEK 15m from existing investors
The medical technology company BoneSupport AB in Lund has been guaranteed SEK 15m from its current owners, InnovationsKapital, Ferd Venture and Teknoinvest.
NORWAY - Norsk Vekst Equity Partners becomes Norvestor
Oslo-based Norsk Vekst Equity Partners AS has changed name to Norvestor Equity AS and opened offices in Stockholm.
DENMARK - Nordic Capital's Nycomed achieves sales growth
Backed by Nordic Capital, Nycomed has announced that its net turnover grew by 16% in 2005 to a total of EUR 747.5m.
DENMARK - Consortium pushes through squeeze out of TDC shareholders
The consortium buying TDC can apply for a delisting of the company following today's general meeting, according to press reports.
NORWAY - VC-backed Funcom plans new share issue
Backed by Northzone Ventures, Teknoinvest, Nordic Venture Partners and Stelt Holding, Norwegian game developer Funcom N.V. plans a share issue of up to 4.3 million new shares, which equals approximately 10% of existing outstanding shares.