Nordics
Klarna valued at $10.6bn after $650m round led by Silverlake
Valuation makes it the highest-valued private European and the fourth-highest in the world
Sagard NewGen holds first close for €300m first fund
Fund invests in majority and minority stakes of European companies with revenues of up to €150m
Verdane adds three to investment team
Stenmarck, Friberg and Stierncreutz are based in Copenhagen, Berlin and Helsinki respectively
Axcel-backed Superoffice to acquire Infobridge – report
According to press reports, InfoBridge generated a turnover of тЌ1.9m in 2019
HIG European Capital Partners III sets target on €1bn
GP is also fundraising for HIG Europe Middle Market LBO Fund, which has a target of тЌ2bn
QuadSAT raises €2m in pre-series-A round led by Seraphim
Startup was founded three years ago and plans to raise a series-A round within a year from now
Hg-backed Visma acquires Cash Software
Deal is Visma's fourth strategic acquisition in the accountancy software market
GP-backed PolyTech bolts-on Fos4x
Deal strengthens PolyTech's position as a blade technology specialist
Bridgepoint Development Capital IV hits £1.5bn hard-cap
Fund exceeds its ТЃ1bn target after around eight months on the road, Unquote understands
Readly's upcoming IPO to value company at SEK 2bn
Company will be listed on the Nasdaq Stockholm stock exchange and start trading on 17 September
Superhero Capital to hold €40m final close by end of 2020
VC firm's new fund will be double the size of its previous fund, which is now fully invested
CEFIF, Leapfrog et al. in $30m round for BIMA
Company has raised more than $200m since being founded 10 years ago
FIEE holds €127.5m first close for second fund
Fund targets the energy efficiency, renewables, lighting, co-generation, pollution control and smart city sectors
Luminar Ventures leads $1m seed round for Teemyco
Tech startup will use proceeds to launch its service and hire additional staff
EQT sells Altus Intervention to management
Transaction comes as oil service industry is challenged with falling oil prices
Nordic Capital buys Siteimprove in first deal for latest fund
Nordic Capital X held a first close on тЌ5bn last month, and is now closing in on its тЌ5.75bn hard-cap
Mezzanine Management sells MBL to INVL
Seventh exit for Mezzanine Management's AMC funds in the last 12 months
Novo Seeds leads €1.9m round for Chromologics
Food technology startup will use the funding for regulatory approval of its flagship product
Muzinich Pan-European Private Debt II holds €210m first close
Fund provides capital to lower-mid-market companies to fuel their growth and finance their expansion strategy
Norvestor secures 75% of Smart Retur
Norvestor reportedly pays NOK 200-350m for its stake in the pallet distributor
Unquote Private Equity Podcast: H2 Preview
The Unquote Podcast gathers the whole team this week to go over H1 statistics, look at early recovery signs and share insights from across Europe
Fazer leads €15m series-A round for Solar Foods
Finnish food corporation becomes the biggest shareholder in the food technology startup with 15% stake
Polaris acquires Swedish dental clinic chain Distrikstandvården
Deal is the result of a sale auction, for which ABG Sundal Collier had been mandated last year
Multiples Heatmap: pricing ticks up as GPs flock to safe assets
Although dealflow was severely impacted by Covid-19 in Q2, average entry multiples actually went up given the scarcity of attractive opportunities