Nordics
Synova V holds first and final close on GBP 875m hard-cap
The fund has a GBP 250m pool earmarked for smaller deals and expects to make a handful of DACH and Nordics investments
Triton reaps 4x gross money in Ewellix trade sale
Valued at EUR 582m, deal for industrial tech group marks first exit by Triton V
World Fund leads EUR 128m raise for quantum computing group IQM
Series-A2 for Finnish startup focused on combating the climate crisis also backed by the EIB
Pemberton strengthens team with four senior hires
Anders Svenningsen, Christoph Polomsky, James Taylor and Sally Tankard join the firm’s European offices
Cinven plays long game with financials fund in hunt for 3x returns
With a life of 15 years, the new vehicle has closed above target, with insurers making up about a quarter of its LP base
Sponsors brave the storm amid drop in financial services M&A
GP buyouts in the financial services space reached a two-year high in H1 2022 as rising financing costs and a brewing recession cloud the sector's M&A outlook
Optimism prevails as PEs expect step-up in deal-making – research
Third Bridge's Joshua Maxey speaks to Unquote about the findings of the Mid-market PE Forecast: 2022
PE fundraising pipeline offers hope amidst slowdown in H1 2022
Final closes down by almost half so far this year, but a number of "mega-cap" vehicles in coming months could still bolster 2022 fundraising
Cinven holds EUR 1.5bn final close for financial services fund
GP's first sector-focused fund has made three deals, the first of which was insurance broker Miller
Scale Capital eyes EUR 70m-100m for new VC fund by year-end
Danish GP in talks with institutional investors after EUR 27m first close for Fund III in April
Erhvervsinvest gears up for Fund V final close in 9-12 months
Danish GP held DKK 1bn first close for small-to-mid cap vehicle; targets hard cap of DKK 2bn
CapMan exits Fortaco, buys Netox
Sale marks final exit from sponsor's eighth buyout fund; Netox deal is sixth investment via eleventh
Corporates best placed for autumn IPO window as sponsors sit out
GPs expected to continue to ditch listings in the short term in favour of sale exits, longer holding periods
Deft deployment, creative exits drive PE agenda into H2 2022
Take-privates, bolt-on opportunities and demand for resilient healthcare and technology assets offer hope for challenging second half of the year
Levine Leichtman Capital appoints head of Europe
Promotion of Josh Kaufman comes as GP looks to grow its nascent German investment capabilities
Earlybird holds Growth Opportunity V first close
Later-stage fund has a EUR 300m target and will mainly back existing Earlybird investments
Mutares-backed Nordec cancels Finland IPO
Sponsor acquired steel construction supplier Donges Group and subsidiary Nordec in 2017
Triton acquires Esperi Care from former creditors
Danske Bank, SEB and Ilmarinen to keep minority stake in Finnish residential care provider
3i to invest in Danish children's brand Konges Sløjd
Deal aims to support the baby and children apparel group expand in Asia and the US
CapMan exits Picosun to trade
Deal is the GP’s largest exit to date based on the atomic layer deposition equipment producer’s EV SUM
LGT Capital closes first dedicated impact fund on USD 550m
Crown Impact will make co-investments, as well as primary and secondary fund investments
HG-backed Visma to divest IT consulting unit to CVC
Sponsor will invest in the carve-out from the Norwegian business software and IT provider via Fund VIII
Clearwater Multiples Heatmap: PE activity holds up amid war, inflation woes
Record levels of dry powder continue to bolster the resilience of the buyout market in Q1 2022
Main Capital on the road for debut growth fund with more fundraises in sight
New vintage of existing strategies and a healthcare-focused continuation fund are also on the agenda for the software-focused GP, according to founding partner and CEO Charly Zwemstra