Nordics
PE-backed Helgstrand Dressage merges with Ludger Beerbaum Stables
Waterland-backed Danish company Helgstrand Dressage has acquired and merged with equestrian show jumping business Ludger Beerbaum Stables.
Full In Partners acquires Danish firm Cybot
Deal value was reportedly 10 times the company's turnover of around тЌ13.4m
Litorina, Bragnum back Nordic Surface Group
Litorina and Bragnum Invest will be co-owners alongside the management and local entrepreneurs, who remain significant co-owners
Element Ventures leads €15.5m funding for fintech Minna
New funding takes the total the company has raised so far to тЌ23m
EQT Ventures leads $18m round for Sana Labs
Latest round brings its total funding so far to $23m, having previously raised $4m in 2018 and $1m in 2017
AMF leads €52m series-C round for Budbee
Latest round brings Budbee's total funding to date to тЌ92m
LSP launches €150m fund dedicated to dementia treatment
Vehicle invests in companies that are developing drugs for neurodegenerative diseases
eEquity, Bonnier Ventures sell Refunder to trade
eEquity exits the company three years after acquiring a majority stake in the company, and achieved a multiple of 3-5x on the transaction
HBM Healthcare leads €127m series-B for IO Biotech
Funding follows the US Food and Drug Administration granting the company breakthrough therapy designation for its lead programmes
Alder sells Nordic Water to trade
Swiss buyer is paying тЌ119m for the company and will see Alder and the management exit the business
Marlin and Francisco to merge Unifaun and Consignor
GPs will be equal shareholders in the combined business and own a majority stake in the company
CVC Capital Partners buys Stark Group from Lone Star
GP paid around тЌ2.5bn for the company, deploying equity from CVC Capital Partners VII
EQT, Verdane to merge Confirmit and FocusVision
Combined company will be led by Confirmit CEO Kyle Ferguson and supported by management of both companies
Covid-19 impact expected to be more severe than GFC – survey
Almost all Dechert survey respondents expect distressed deals to increase, while 82% cited more deal delays as an ongoing effect
Adelis buys stake in Finnish digital learning firm Valamis
Current management will retain a significant stake in the company and continue in their roles
Here's to a merrier 2021
The Unquote team wishes you a restful break and will be back to cover European private equity news on 4 January
Unquote Private Equity Podcast: Nordic 2020 Review
Katharine Hidalgo welcomes Unquote Nordic reporter Eliza Punshi to discuss how dealflow and fundraising prospects are faring as 2021 rolls on
MB Funds to sell A-Katsastus to Finnish cooperative Tradeka
Exit comes a year and a half after the Finnish GP acquired the company from Bridgepoint, having also owned the company between 2003 and 2006
Maj Invest acquires Ferm Living from Vendis Capital
Deal reportedly values the interior design company at around тЌ67m
Hg acquires Geomatikk
GP is deploying from its Hg Mercury 2 Fund, which held a final close on ТЃ575m in February 2017
Sanofi et al. back €47m series-B for MinervaX
MinervaX has so far raised a total of $81.5m in funding, including grants
AlpInvest closes seventh secondaries fund on $9bn
ASP VII is a dedicated secondaries investment programme focused on fund interests and GP-centered investments
Procuritas buys and merges Medpro and Omtanken
GP is deploying equity from Procuritas VI, which held a final close on тЌ318m in May 2017
FSN to acquire 45% stake in Obton
GP is reportedly paying тЌ403m for its stake, corresponding to a valuation of 25x profit for 2019