Summer heat hits the markets

Some in the industry attribute this trend to the ongoing fundraising in the region, with GPs eager to present recent and impressive investments. Sunstone Capital, for example, recently bolstered its early-stage technology and life science funds with a further EUR21m closing, raising their collective total to EUR181m and proving the region is still an attractive market for venture opportunities. Indeed, about a third of deals made this month are early-stage or expansion investments. Notably, the Danish biotech community is attracting ever larger pan-European investors.

Norvestor also closed its fifth fund at the time of writing. The fund closed above target, reinforcing the notion that in difficult economic times LPs look for firms with track records.

Contrary to gloomy economic outlooks, many private equity firms have completed successful exits this month, most commonly through trade sales, and reaping generous returns in the process. Noteworthy are three exits in Lithuania and Estonia, which implies the Baltic region continues to attract investors as the markets mature, even during the crunch.

Finally, this is my first issue as editor of Nordic unquote". I look forward to following the activity in the private equity and venture markets, and hope I will be able to deliver the same level of excellence as my predecessor. I would like to take this opportunity to thank you for your continuing support and comments.

Yours sincerely, Rikke Lilla Eckhoff

Nordic Editor, unquote"

Tel: +44 20 7484 9824

rikke.lilla-eckhoff@incisivemedia.com.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Nordics