Nordics
FINLAND - Eqvitec sells Saraware
Wipro Technologies has signed an agreement to acquire Eqvitec-backed Saraware Oy in an all cash deal. With a consideration of EUR 25m, the transaction includes upfront cash payment and debt takeover in addition to earn-outs on achieving targeted financial...
SWEDEN - Amadeus and Creandum invest in Edgeware
Edgeware has secured SEK 17m from new investor Amadeus Capital Partners and SEK 11m from existing investor Creandum.
NORWAY - Ferd buys retail chain Nille
Ferd Private Equity Fund II has acquired 70% of the shares in Nille AS and Per Aarskog AS. Mons and Mathias Aarskog will continue to own 30% of the new holding company.
FINLAND - Digi TV Plus secures EUR 38m funding
Digi TV Plus has received EUR 38m in a funding round led by Baker Capital and including Provider Venture Partners. The company has previously secured seed financing from Provider Venture Partners.
NORWAY - Norvestor's Panorama buys Boor
Panorama AS has bought the silverware supplier Boor AS for an undisclosed sum. Boor sells Norwegian silverware designs such as Telesølv, Odel and Juvel produced by Boor’s affiliated company, Bordsølv Design AS.
NORWAY - HitecVision and Four Seasosns invest in Vector
HitecVision Private Equity and Four Seasons Venture have made an investment in pipe connector specialist Vector International AS.
NORWAY - NVCA recruits new secretary general
The Norwegian Venture Capital Association has appointed Knut Traaseth as its new secretary general. Starting today, Traaseth is joining from GCI Monsen where he has worked as director of investor relations and financial market communication. Prior to...
FINLAND - VC-backed Inion signs research agreement
Finnish Inion has today announced that it has signed a cooperation and research agreement with Angiomed, a subsidiary of the life science products group, C.R. Bard Inc. Angiomed will pay for the feasibility phase of this project in the form of upfront...
SWEDEN - Industrifonden invests in Storegate
Industrifonden has injected capital in Storegate in return of a 20% shareholding in the company. Based in Karlshamn, Storegate was founded in 2002 and focuses on secure information storage.
FINLAND - CapMan acquires Tamro MedLab from Tamro Group
CapMan has signed an agreement to buy Tamro MedLab from Tamro Group for an undisclosed sum. It is expected that the transaction, which includes all of Tamro MedLab’s business, will be closed by July 2006.
DENMARK - Matas shareholders to accept CVC offer
The majority of the Matas shareholders have agreed to sell the business to CVC Capital Partners for DKK 5.2bn. During a shareholder meeting, more than 2/3 of the shareholders agreed that the board of directors should continue the sales process with CVC.
FINLAND - CapMan exits Sentera
Finnventure IV, V and V ET funds managed by CapMan have sold their 30.1% shareholding in Sentera Plc to SysOpen Digia Plc for EUR 12.8m. SysOpen Digia Plc paid the main part of the transaction in cash and a small part with the company’s own shares.
SWEDEN - InnovationsKapital recruits Falkevall as investment director
Martin Falkevall has been appointed investment director of InnovationsKapital and will be part of the Stockholm-based information and communication technology team.
SWEDEN - CapMan invests in Spintop Netsolution
Funds managed by CapMan will invest in Spintop Netsolution AB, a Swedish software development and services company. Following this investment, CapMan funds will have a 30 percent stake in Spintop and the company’s founders and key employees will hold...
DENMARK - Polaris sells Dansk Droge to Orkla
Polaris Private Equity has entered into an agreement to sell its shares in Dansk Droge to Orkla. The Sports Nutrition companies SPP in Sweden and Finland are not included in this transaction.
FINLAND - 3i and Nordic Venture Partners invest EUR 4m in Meridea
Meridea has received around EUR 4m in growth capital from existing investors 3i and Nordic Venture Partners.
NORWAY - Argentum delivers record profits
Norwegian Argentum has announced record results. The state-owned fund-of-funds generated EBIT of NOK 472m and net profits of NOK 452m in 2005. In Q1 2006, it recorded net profits of NOK 175m.
NORWAY - VC-backed Trolltech applies for listing
Trolltech has filed an application for listing on the Oslo Stock Exchange. Index Ventures owns 22.3% of the company, Teknoinvest 11.1% and Northzone Ventures 4.8%.
SWEDEN - Palamon Capital Partners acquires Espresso House and Coffe Cup
Palamon Capital Partners has acquired a 94% stake in Espresso House Sweden AB and 100% of the shares in Coffee Cup AB for a total of SEK 103m.
NORWAY - NeoMed's Clavis Pharma to go public
Clavis Pharma ASA has applied for listing on the Oslo Stock Exchange and plans to go public this summer. The company, which is backed by NeoMed, plans to conduct an IPO in the order of NOK 200m. The present largest shareholders intend to participate with...
SWEDEN - Indap announces no further increases to Gambro offer price
EQT’s and Investor’s Indap AB has clearified that it has made its final offer to shareholders in Gambro AB on May 15 when it increased the offer price from SEK 109.70 per A and B share to SEK 113.70. The offer price represents a premium of 35.7% relative...
SWEDEN - Gartner names VC-backed PacketFront as 'Cool Vendor'
PacketFront has been included in the list of "Cool Vendors" in the "Cool Vendors in Carrier Network Infrastructure 2006" report by Peter Kjeldsen et al of Gartner Inc. The vendors highlighted in this report are 'pragmatic innovators'.
SWEDEN - QuNano secures SEK 45m funding
Lund-based QuNano AB has received SEK 45m in series-A financing from Provider Venture Partners and Teknoinvest. In 2005, the company secured seed capital from Teknoinvest.
NORWAY - Northzone realises EUR 45m in NextGenTel exit
TeliaSonera AB has acquired 82.3 % of Norwegian broadband provider NextGenTel Holding ASA from Northzone, Geocapital, and the other major shareholders. The offer implies a total value for the entire fully diluted issued share capital of NextGenTel of...