Nordics
Preparing for the turnarounds wave
The much-anticipated wave of distressed opportunities has failed to materialise so far, but market participants are still readying for an uptick
EQT Public Value to acquire minority stake in BioGaia
GP is planning to acquire 8% stake in BioGaia for SEK 650m
Lugard Road Capital leads $32m round for InRiver
Company has raised around $56m in total funding and will use the latest proceeds to speed up growth to meet accelerated customer demand
Sponsor-lender relationship faces stiff Covid-19 test
GPs' relationships with their existing banks and debt funds will remain key to managing the ongoing consequences of the crisis
PE-backed Trustpilot to list in H1 next year – report
Danish internet company could reportedly be listed at a valuation of $1bn
Bridgepoint-backed Diaverum plans IPO in November – reports
Transaction could reportedly value the company at more than тЌ2bn
Secondaries update: Unigestion's David Swanson
Secondaries activity is recovering from the initial coronavirus-related shock, with good prospects for GP-led secondaries deals
CapMan adds €470m in AUM in Q3 2020
AUM bump driven by commitments to CapMan Nordic Real Estate III and CapMan Growth II funds
Monterro buys majority stake in MaintMaster
Almi Invest, which had owned a 10% stake in MaintMaster since 2015, has fully exited, making a 7x return on its invested capital
Blackstone Core Equity Partners II closes on $8bn
BCEP II follows a long-hold private equity strategy, with an investment period of 15 years
Vækstfonden et al. in €1.1m seed round for Kaffe Bueno
Startup plans to use the seed funding for launching new products, scaling up production, growing its team and to cover costs for patents
TVM Capital closes LSI II on $478m
Vehicle is TVM's largest ever fund and the second in its exclusively life-sciences-focused strategy
LifeX raises €6m from Cherry, Vækstfonden et al.
Startup has raised тЌ15m in funding since being founded in 2017
Digital doctors here to stay as telemedicine deals surge
Rise in demand for telemedicine т and promising returns for investors that have been targeting the space т looks set to continue
PE-backed Nets bolts on CCV Schweiz
Following the deal, CCV Schweiz will be integrated with Concardis Schweiz, which is part of Nets Group
Agilitas-backed Danoffice to buy NPVision
Deal will be the second add-on acquisition for Danoffice since Agilitas's buyout of the company in November 2017
Lunar raises €40m in series-C funding
Startup has so far raised more than тЌ100m and is backed by VC firms Seed Capital, Greyhound, Augustinus, Socii and private investor David Helgason
Amplify raises $375m across two funds
Amplify IV targets seed and series-A rounds, while Amplify Select makes follow-on investments in existing portfolio companies
Triton completes €387m take-private bid for HiQ International
GP had previously made an offer of SEK 70 per share, which was later increased to SEK 72 per share
HTGF, Evonik exit Synoste to trade
Deal is HTGF's 11th exit during the coronavirus pandemic, and comes seven years after the VC first invested in the company
Vaaka Partners buys engineering firm A-Insinoorit
GP is deploying equity from its third buyout fund, which held a final close on тЌ225m hard-cap in March 2017
European Direct Lending Perspectives Q2 2020
Debtwire and Creditflux examine the way direct lenders reacted to pandemic-related upheaval and how the industry looks set to bounce back
True Ventures raises $840m in two final closes
True Core VII provides seed and early-stage capital, while True Select IV provides follow-on capital
Axcel acquires Ventab, Ventilationsprojekt, Installationsbolaget
New group has combined revenues of тЌ87m and employs more than 300 staff