Nordics
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 €5bn last month, and is now closing in on its €5.75bn 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
HitecVision sells Aarbakke to Westco Investering
GP exits the company after a holding period of 14 years, alongside founder Inge Brigt Aarbakke
EQT-backed Recover Nordic bolts-on two companies
Damage control service has completed 19 bolt-on acquisitions since being founded in 2013
Sponsor Capital holds final close on €202m for fifth fund
Finnish GP's new fund will start investing in the first quarter of 2021
Alibaba's eWTP fund leads $12m round for Challengermode
Tech company has so reportedly raised $18m since being founded in 2015.
Panakes to launch €120m second fund within months
VC expects to start raising capital by the end of the year and hold a first close in H1 2021
GP-backed SSI Diagnostica acquires CTK Biotech
Deal comes four years after the GP carved out SSI Diagnostica from the Danish government for DKK 250m
Industrifonden leads €3m seed round for Open Payments
Fintech company will use the proceeds to hire more staff and expand its platform
Triton launches take private bid for HiQ International
Shareholders of the company have until 1 October to accept the offer
Providence Strategic Growth acquires Sympa
GP is deploying equity from its new Europe-focused fund, which has so far raised around £650m
GP-backed Maritech Systems acquires EDI Systems
Add-on deal comes three years after Broodstock acquired a majority stake in Maritech Systems
Blue Equity acquires 40% stake in DTK Group
Deal reportedly values the company at well over DKK 100m, or €13.4m
Highland Europe leads €40m series-B round for Supermetrics
Finnish company claims to have been profitable since its founding in 2013, with turnover doubling each year