Nordics
FINLAND - Lannox receives EUR 400,000 from Finnish Industry Investment
Finnish Industry Investment has provided EUR 400,000 in funding to road construction company Lannox Oy. Founded in 2006, Lannox is based in Helsinki and the new capital will fund business development and marketing.
DENMARK - Venture-backed Exiqon enters co-development agreement
Venture-backed Exiqon A/S, a leading supplier of high-value gene expression analysis products, and Luminex® Corporation have signed an agreement to co-develop and commercialise microRNA products. Exiqon will develop and manufacture microRNA products...
FINLAND - CapMan sells Tiimari to Leo Longlife
CapMan funds will sell their stake in holding company Maritii Oy, which has 100% ownership of Tiimari, to Oyj Leo Longlife Plc. Prior to the exit, CapMan funds hold around 83% of Maritii, a company with an enterprise value of approximately EUR 61m.
DENMARK - Vækstfonden and SEED Capital sell AudioAsics
Analog Devices Inc has acquired venture-backed technology company AudioAsics A/S for around $19m in cash. It will pay up to $8m more for the Danish business upon the achievement of certain milestones.
SWEDEN - FSN Capital recruits two new Swedish partners
FSN Capital has recruited Peter Möller and Dan Johnson as partners to strengthen its presence in Sweden. Möller joins from Permira, where he has worked as an investment manager, and Johnson has fourteen years of experience from The Boston Consulting...
SWEDEN - Private-equity backed Biovitrum goes public
Biopharma company Biovitrum's share will be listed on the O-list of the Stockholm Stock Exchange as of today. The share price has been set at SEK 100, giving the company a market capitalisation of around SEK 4.3bn.
SWEDEN - Venture-backed Carmel Pharma signs agreement with German pharmacies
VZA, German association of retail pharmacies specialised in the preparation of cytotoxic pharmaceuticals, has signed a cooperation agreement with Carmel Pharma to support the implementation of Carmel Pharma’s PhaSeal system with its 250 members throughout...
NORDICS - CapMan receives Nordic achievement award
Nordic private equity and venture capital associations awarded The Nordic Private Equity Achievement Award 2006 to CapMan at SVCA's Nordic Private Equity Congress in Stockholm yesterday.
NORWAY - FSV teams up wih SINTEF
SINTEF and Four Seasons Venture (FSV) have signed a cooperation agreement, providing SINTEF with increased access to capital and competence to commercialise technology deriving from its research environment.
SWEDEN - Provider sells Ida Infront to AddNode
IT Provider funds have sold Ida Infront AB to AddNode for a cash sum of SEK 30m and a non cash issue of 1,200,000 serie B AddNode shares. Ida Infront focuses on the e-government sector supplying clients such as Försäkringskassan, Skatteverket and Rikspolisen...
SWEDEN - Nordic Capital and Apax launch bid for Capio
Apax and Nordic Capital aim to acquire publicly listed healthcare group Capio AB for SEK 15.6bn. Opica AB, a company jointly owned by Apax Europe VI, Nordic Capital Fund VI and Apax France, has offered SEK 153 per share in cash for all shares in Capio.
SWEDEN - Småföretagsinvest sells Reflex for SEK 180m
Småföretagsinvest has sold manufacturer of surveying instruments for boreholes, Reflex Instrument AB, to Australian Imdex Ltd for around SEK 180m. The seller has recorded a SEK 170m profit on its investment.
FINLAND - Sponsor Capital combines Huoneistokeskus and SKV
Sponsor Capital has merged real estate agencies Huoneistokeskus and SKV, which it acquired in 2003 and 2005 respectively.
NORWAY - Norvestor buys Nordic gym group from Compass Partners
Norvestor Equity has acquired Elixia Nordic, a health and fitness club chain, from Compass Partners. The value of the deal is undisclosed.
FINLAND - CapMan exits Distocraft Ltd
CapMan funds have divested their stakes in software provider Distocraft Ltd to Ericsson for an undisclosed sum. With offices in Helsinki and Lahti, Distocraft develops telecommunications software products that enable network performance management and...
FINLAND - Sentica buys Elematic Group from Consolis
Finnish Elematic Oy Ab has been acquired in a deal led by Sentica Partners and including Finnish Industry Investment, Etera Mutual Pension Insurance Company and the management of Elematic Group. Elematic is a technology provider to precast concrete producers...
FINLAND - Conor Venture leads $2.5m round in Helmi Technologies
Oulu-headquartered Helmi Technologies, a provider of an Ajax-based development platform for building browser-independent rich internet applications, has secured $2.5m in a round led by Conor Venture Partners. The other investors included Finnish Industry...
SWEDEN - Replisaurus raises $14.4m
Replisaurus Technologies has raised $14.4m in a first round funding led by Wellington Partners and Northzone Ventures. The new investors were joined by seed investors KTH Seed Capital, FBBB (ForetagsByggarna) and Aumar - The Sixth AP Fund (AP6).
SWEDEN - SLS Venture sells Carlsson Research in deal worth up to SEK 875m
Swedish Carlsson Research AB, a portfolio company of Scandinavian Life Science Venture (SLS), has been acquired by publicly-listed NeuroSearch A/S. The deal, which will close on condition that NeuroSearch completes a new rights issue, is worth up to SEK...
NORWAY - FSV buys Trøndelag Vekst portfolio
Four Seasons Venture V A and B K/S (FSV V) has acquired five unlisted holdings from Trøndelag Vekst for an undisclosed sum. The portfolio consists of technology-based companies in various stages of development including Smartmotor, Follatech and Mison....
FINLAND - Ratos to buy Perlos Healthcare in EUR 67m deal
Ratos has signed an agreement to buy 78% of Perlos Healthcare. The cash and debt free purchase price of Perlos’ healthcare business by the new company is worth approximately EUR 67m.
DENMARK - Grontmij shareholders accept acquisition of Carl Bro
Grontmij shareholders have accepted the takeover of Danish engineering consultancy group Carl Bro. The current CEO of Carl Bro has been appointed as a member of Grontmij’s management board.
DENMARK - Axcel buys 60% of Netcompany
Axcel has acquired 60% of the shares in IT consultancy Netcompany. The remaining 40% of the shares are still held by the company’s three founders and a number of senior executives. The three founders will remain in charge of the day-to-day management...
SWEDEN - 3i invests in HTC
3i has acquired around one-third of the shares in HTC Sweden AB through a capital injection of SEK 100m as well as a purchase of shares from existing shareholders. The new capital will fund further expansion of the company.