Nordic PE activity keeps momentum

Compared with the first three months of the year, value of buyout deals has also seen a significant increase, up 46% from €1.2bn to €1.7bn. The largest Q2 buyout by value was EQT's acquisition of AcadeMedia, followed by Triton's acquisition of Munter's MCS division.

Growth capital investments in the Nordic region have also seen a healthy increase compared to Q1 2010. Deal volume increase from 12 to 21 over the quarter, with a 26% increase in value. Some of the more prominent deals include Altor-backed Apotek Hjärtat's acquisition of Apotek1 and Rockport Capital Partner's $40m co-investment in Norwegian electric car manufacturer THINK.

However, venture saw a considerable reduction in activity compared to Q1, following a general trend in the rest of Europe. The number of deals recorded in Q2 fell to eight, compared to 11 in Q1. Value also fell, down 79% from €40.55m in Q1 to €12.63m in the last quarter. The biotechnology sector accounted for four of the deals, with a €5m investment in Action Pharma the largest in the early-stage space.

For full stats covering all European regions, download the unquote" Private Equity Barometer from our research centre.

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• Topics
• Nordics
• Expansion
• Early-stage
• Buyouts
• Candover