Nordics
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 ТЃ650m
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 тЌ13.4m
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
Quuppa raises €20m from Bocap and TCG
Round is company's first ever capital raise, which it will use to to scale up services
Q2 Barometer: Coronavirus ravages European M&A market
After the first effects of the Covid-19 crisis were felt in March, the European private equity market decelerated sharply in Q2
Waterland buys Modstrøm Danmark
GP is reportedly paying DKK 200m for the company, which last year generated DKK 30m in EBITDA
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Adelis acquires majority stake in Red Ocean Technology
Norwegian IT company is expected to generate тЌ16m in revenues this year, up from тЌ12m in 2019
HSBC Vision Private Equity 2020 closes on $260m
Fund targets a variety of private equity opportunities, from primaries and secondaries to direct co-investments
Vallis Capital sells Vortal to Stirling Square's Docu Nordic
Stirling Square intends to support Vortal in expanding its business in current and new markets
Alder backs Samon
GP deploys capital from Alder Fund II, which invests in companies based across the Nordic region
HIG-backed Meyra acquires TA Service
HIG acquired mobility products manufacturers Meyra and Alu Rehab and merged them in October 2019
Hg increases stake in Visma, valued at $12.2bn
New investors Warburg Pincus and TPG will invest in the business for the first time, acquiring minority stakes
OakNorth Bank provides fund facility to BlueGem
Key investors include Glendower Capital, Blackstone's Strategic Partners and BMO Global Asset Management
EQ Asset Management eager to deploy following double fund close
EQ says it has completed five acquisitions through its secondaries fund since the outbreak of Covid-19