Nordics
NORWAY - VC-backed Revolt Technology appoints Ram Malhotra as CEO
Battery technology company Revolt Technology AS has appointed Ram Malhotra as CEO. Previously, Malhotra was COO and vice president of Mikron AG, where he was directing the components business in Asia and managing the joint ventures in China and Malaysia.
DENMARK - Chempaq receives CONNECT Denmark Award 2006
Chempaq A/S has been awarded the CONNECT Denmark Award 2006 for best Springboard business from 2000 to 2004 at CONNECT Denmark’s event in Valby. The decision was based on Chempaq’s strong and unique technology. ‘Chempaq is a business that the jury...
SWEDEN - FSN Capital acquires Aura Group from Bridgepoint
Aura, the Swedish long life lighting manufacturer, has been sold by Bridgepoint to FSN Capital Partners AS. The value of the deal has not been disclosed.
DENMARK - Nangate secures $10m funding
Nangate has raised $10m in series-A financing from a consortium of investors, including Vaekstfonden, IVS and SEED Capital.
SWEDEN - Provider sells Tradera to eBay for SEK 365m
Provider funds, together with remaining shareholdes, has divested Tradera.com, Sweden’s largest market place for internet based auctions. The buyer is eBay, paying SEK 365m in cash plus acquisition costs, net of payments for working capital.
SWEDEN - Effpower secures SEK 120m funding
Effpower AB has received SEK 120m in financing from existing investors Volvo Technology Transfer, Gylling and Industrifonden and new investors Adolf Lundin and Leif Kristensson.
SWEDEN - Secode considers going public
Secode considers listing in Oslo or Stockholm, according to press reports.
NORWAY - Alliance Venture sells Net4Call to Oracle
Oracle has acquired Oslo-based Net4Call from Alliance Venture, the managing director and other employees. The value of the deal has not been disclosed.
NORWAY - Affitech secures NOK 86m funding
The human antibody company Affitech AS has raised a further NOK 86m in a new private placement. The participants in this round include existing investors, Teknoinvest, Ferd Venture, Four Seasons Venture, and Braganza AS, along with new investor Arendals...
NORWAY - Norvestor's Life buys 40% of Life Scandinavia
Life Health Nordic AB (Life AB) has bought over 40% of Life Scandinavia, a voluntary retail chain. Life Scandinavia’s largest owner is CEO Hallgeir Åndal, who has been appointed new CEO of Life AB.
NORWAY - PE groups prepare bids for Orkla Media
Candover, Apax Partners and Providence Equity Partners plan to bid for Norwegian Orkla Media, according to press reports. It is understood that the potential buyout could be worth over £700m.
NORWAY - VC-backed Edvantage group renews e-learning deal
Edvantage group has renewed a two-year NOK 1.3m e-learning deal with Det Norske Veritas (DNV). DNV has been using e-learning during the last two years as part of its efforts to effectively train employees around the world.
FINLAND - Sitra appoints new special adviser
Jani Kaarlejärvi has been appointed special adviser to the president of Sitra. For the past three years, Kaarlejärvi has been a researcher at the University of Sheffield and Max Planck Institute for the Study of Societies in Germany.
SWEDEN - Mobeon receives $13m from BrainHeart Capital and AP6
Mobeon, the mobile messaging software specialist, has secured approximately $13m from BrainHeart Capital and AP6.
NORWAY - HgCapital announces intention to take Visma private
Engel Holding AS, owned by funds managed by HgCapital, has decided to make a recommended public voluntary cash offer for all outstanding shares in Norwegian Visma ASA. The offer price, which is NOK 135 per share, values Visma at NOK 4.32bn.
GLOBAL - JPMorgan sells private equity portfolio
Press reports confirm that Goldman Sachs Asset Management and the Canada Pension Plan Investment Board have co-led the secondary purchase of a US$925m stake in the JPMorgan Partners Global Fund from JPMorgan Chase.
NORDICS - Doughty Hanson makes Nordic appointment
Doughty Hanson has appointed Jan Amethier as senior principal to focus on the Nordic region, starting in July 2006.
SWEDEN - EQT sells Tradex to Brady Corporation
EQT II has signed an agreement with Brady Corporation, Milwaukee, a world leader in identification solutions and precision die-cut components, to sell Tradex Converting AB. EQT acquired Tradex in May 2000, together with the sixth AP Fund (20%) and the...
NORWAY - Ferd Private Equity Fund acquires D&F Group
FPEF has acquired the oil service company D&F Group from the founders and management of the company. The company is a leading supplier of services to the oil and gas industry on the Norwegian continental shelf within the areas of surface treatment, passive...
NORDICS - Briodgepoint appoints chairman of Nordic business
Bridgepoint has appointed Mikael Lövgren as chairman of its Nordic business Bridgepoint Capital AB.
SWEDEN - Carlyle and Providence to acquire Swedish cable operation
Liberty Global has announced that it has reached an agreement to sell 100% of its Swedish cable business, UPC Sverige AB to a consortium comprising The Carlyle Group (“Carlyle”) and Providence Equity Partners.
SWEDEN - CapMan invests in Swedish fashion retail chain MQ
CapMan funds will acquire the majority holding in Swedish fashion retail chain MQ.
FINLAND - VC-backed Inion receives US patent grant
Inion, a Finnish company focused on medical implants, has announced the granting of a US patent covering the combination of Inion Optima™ biodegradable polymers with bone morphogenetic proteins and pyrollidones.
SWEDEN - 21 Grams raises SEK 20m from InnovationsKapital
21 Grams, a provider of postal management services, has announced that it has raised a SEK 20m round of financing from InnovationsKapital.