Nordics
NORWAY - Altor buys Helly Hansen
Altor Fund II is to acquire Norwegian Helly Hansen, a supplier of technical apparel and footwear, from Investcorp for an undisclosed sum.
DENMARK - Nordic Capital's Nycomed commences bank syndication process
Nycomed has commenced the syndication of its new EUR 5.7bn senior credit facilities, the proceeds of which will be used to finance the acquisition of ALTANA Pharma and to refinance existing debt. Nycomed currently intends to launch tender offers later...
NORWAY - SCAN closes a NOK 202.5m subordinated convertible bond issue
SCAN Geophysical ASA, which Norvestor IV LP holds a 35.5% stake in, has closed a NOK 202.5m subordinated convertible bond issue towards existing shareholders and new investors. The unsecured bonds have a fixed interest rate of 7% per annum, maturity of...
FINLAND - Benchmark Capital invests in online estate agency
Igglo Oy, the Finnish online estate agency, has raised EUR 12.5m in a funding round led by Benchmark Capital Europe and including co-founder of Igglo, the Taivas Group. The new capital will be used to accelerate Igglo’s expansion in Europe.
GERMANY/SWEDEN – Benson Elliot appoints investment head Hansson
Private equity real estate firm Benson Elliot Capital Management has recruited Jan-Olof Hansson as an investment manager to direct German and Swedish operations.
NORWAY - CapMan to make voluntary offer for Polimoon
CapMan funds intend to put forward a voluntary offer to purchase all shares outstanding in Oslo Stock Exchange-listed Polimoon ASA for a total equity valuation of NOK 1.082bn. The offer price is NOK 27.50 per share.
DENMARK - Nordic Venture Partners invests in mobile data back-up company
Nordic Venture Partners has invested several million euros in ZYB, a free mobile back-up and sharing service operating on a global level. ZYB was founded in 2005 and it is doubling its number of employees before entering into next year.
DENMARK - Benson Elliot buys Copenhagen property with Sjælsø Gruppen
Benson Elliot Capital Management, a private equity real estate company, has acquired a 50% interest in P/S Havneholmen alongside Danish quoted real estate developer Sjælsø Gruppen A/S. The joint venture has been established to complete the development...
FINLAND - Sponsor sells sauna manufacturer to ABN AMRO
ABN AMRO Capital has agreed to acquire Saunatec Group Oy from Sponsor Capital Oy. The transaction is expected to complete by the end of October.
DENMARK - CapMan exits RGS 90
CapMan funds have sold their stake in Danish RGS 90 A/S to DSV Miljø A/S. RGS 90 provides various recycling and soil treatment services.
SWEDEN - Nordic Capital and Apax increase offer for Capio
Opica, a company jointly owned by Apax Europe VI, Nordic Capital Fund VI and Apax France, has increased the offer price for Capio to SEK 17bn. The increased offer, from SEK 153 to SEK 167 per share, is unanimously recommended by the board of directors...
FINLAND - CapMan appoints Vesa Walldén as senior partner
CapMan has announced several appointments as of October 2006. Vesa Walldén has been appointed as senior partner in the technology team, Jan Mattlin has been nominated as investment director in the buyout team, Gitte Reitz and Mari Huuhka as investment...
FINLAND - Conor and FII invest in Concilio Networks
Concilio Networks, a company aiming to enable VoIP benefits to every mobile handset, has secured EUR 1m from Conor Venture Partners and Finnish Industry Investment. The proceeds of the Conor-led round will be used to finalise and bring to market Concilio’s...
SWEDEN - Industrifonden sells LTP for SEK 225m
Industrifonden Cimon Medical, DSM Venturing, management and other private investors have sold Lipid Technologies Provider AB (LTP) to DSM Food Specialties BV for SEK 225m. Industrifonden first invested in LTP in 2001. The company develops, produces and...
SWEDEN - Accent Equity sells Hydrauto to Wipro
Accent Equity has sold hydraulic cylinder manufacturer Hydrauto Group to Indian-listed Wipro Group. Accent entered the company in 2002.
NORWAY - Ferd Venture invests EUR 5m in maritime broadband provider
Ferd Venture has invested EUR 5m in Ship Equip, a specialist in broadband connections delivered to commerical marine vessels. The new capital will enable the company to expand into the worldwide merchant fleet and expand its geographical presence.
SWEDEN - Accent buys ScandBook
Accent Equity has come to an agreement with Nørhaven AS on the acquisition of all shares in the book producer ScandBook AB. The value of the deal has not been disclosed.
NORDICS - Nordic unquote
Nordic unquote" will hold the inaugural Nordic unquote" Private Equity Awards ceremony, sponsored by SEB, on the evening of 28 November and a limited number of tables are now on sale at www.nordicunquote.com.
DENMARK - Polaris recruits Icopal director and CapMan partner
Polaris Private Equity has appointed Jan Johan Kühl, group director of Icopal, as managing partner and as director of the management company and Jan Dahlqvist, partner at CapMan, as partner. Kühl will join Polaris in the first quarter of 2007 and the...
SWEDEN - CapMan creates Nordic healthcare group
CapMan funds and Plena AB have signed an agreement for the acquisition of two Swedish healthcare companies SelefaTrade AB and Förbandsmaterial AB. The acquisitions have been made via the holding company that owns Finnish Tamro MedLab Oy, a business CapMan...
SWEDEN - Accel invests EUR 4m in Swedish software business
Telepo, a Swedish software company, has raised EUR 4m in funding from Accel Partners. The Telepo Business Communication Solution integrates mobile and fixed communication, VoIP and existing enterprise voice infrastructure, using standards based protocols.
FINLAND - CapMan acquires industrial maintenance from Fortum
Funds managed by CapMan have signed an agreement with Fortum to acquire its industrial services business unit, a provider of industrial maintenance services, for an undisclosed sum.
SWEDEN - Eqvitec invests SEK 44m in Netadmin
Eqvitec Technology Fund III has agreed to invest SEK 44m in Linköping-based software company Netadmin. Netadmin has developed a system that gives network proprietors and broadband operators full supervision and control of all connected equipment, right...
SWEDEN - InnovationsKapital invests SEK 25m in Ludesi
Ludesi AB, a global provider of bioinformatics solutions to the life science industry, has secured SEK 25m in funding from InnovationsKapital. Ludesi’s current investors include FöretagsByggarna and AP6.