Nordics
Market braces for 12.6% drop in valuations by Q2 – report
NAVs expected to drop for Q1, with a steeper mark-down for Q2 as the crisis take its toll
EQT Ventures leads €4m round for gaming studio Reworks
Studio has launched its first game, Redecor, which targets home decor enthusiasts
Bokio raises €7.4m funding; acquires competitor Red Flag
Merged entity is reportedly valued at between SEK 500m-1bn.
Stirling Square acquires majority stake in Assistansbolaget
Deal is the Stirling Square's third investment from its €950m fourth buyout fund
Unquote Private Equity Podcast: Fund financing in a fix
The Unquote team looks at how PE managers are turning to fund financing in a bid to shore up their portfolios
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Siili sells stake in Robocorp to existing PE backers
Siili exits the business after having invested in it during a pre-seed funding round
Marlin Equity-backed Puzzel acquires U-WFM
Deal allows Puzzel to speed up expansion into the UK market
Hold or exit: how the previous crisis affected holding periods
The slow period of economic recovery after the GFC resulted in prolonged holding periods, increasing gradually and reaching a peak in 2013
KKR expects lower valuations for its portfolios due to Covid-19
GP forecasts that emergency restrictions will challenge its ability to market new funds and strategies
Swedish company Dirac raises $6m
Company has raised $32m so far between 2017 and 2020.
EC launches €300m platform Escalar
In its pilot phase, Escalar will provide up to €300m, backed by the European Fund for Strategic Investments
Axcel holds first close for sixth flagship fund
GP's sixth fund has already raised 77% of the amount raised by its predecessor
Crescent European Specialty Lending Fund II closes on €1.6bn
CESL II invests in a diversified portfolio of private secured debt issued by European companies
Secondaries players hold fire despite copious dry powder
Market is likely to pause until Q2 2020 valuations are released, potentially leading to a flurry in Q4
Axcel acquires Norwegian company SuperOffice
Deal is the GP's first investment from Axcel VI, which was launched in December 2019
StepStone closes fourth secondaries fund on $2.1bn
SSOF IV's investment strategy focuses on the inefficient segments of the secondaries market
Q&A: Cambridge Associates' Featherby on PE's time to shine
Very few managers will have net benefited from this crisis, says Featherby, but PE could still showcase its ability to outperform
Insight Partners XI closes on $9.5bn
Fund deploys equity tickets in the $10-350m range in startups operating across the software industry
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Seed Capital leads €20m series-B for digital bank Lunar
Company also appoints former Monzo head of product to its board of directors
Welcome aboard: PE recruitment amid coronavirus
PE-focused recruiters and some GPs themselves are figuring out ways to progress recruitment processes, but challenges remain
Nordic Capital-backed Signicat acquires Connectis
Deal comes a year after Nordic Capital acquired Signicat from Viking Ventures
Main Capital buys majority stake in health software firm Alfa
Netherlands-based GP paid €15-20m for its stake in the company
