Nordic unquote
HitecVision and Converto Capital sell Naxys to GE
HitecVision and Converto Capital Management have exited oil and gas equipment company Naxys to a subsidiary of American NYSE-listed General Electric.
Almi in SEK 7m round for InCoax
Almi Invest and Norrlandsfonden have participated in a SEK 7m round for Swedish broadband business InCoax Networks.
Investinor sells Metallkraft stake to co-investor Capricorn
Investinor has sold its entire shareholding in Norwegian renewable energy equipment business Metallkraft to existing co-investor Capricorn Venture Partners.
Latvian Guarantee Agency seeks managers for local VC funds
State-backed Latvian Guarantee Agency (LGA) has launched a tender to select up to three managers for recently established VC funds.
Nordic Report 2012
Last year’s closings of EQT VI (€4.75bn) and HitecVision VI ($1.5bn) were not only the largest ever funds raised in their respective countries, but also signs of international interest in the region – both attracted significant global capital.
EIF commits €17m to Lithuanian SME funds
The European Investment Fund (EIF) has committed €11m to the Practica Venture Capital Fund and €6m to the Practica Seed Capital Fund.
IK buys Actic from FSN Capital
IK Investment Partners has acquired Swedish health and fitness business Actic from FSN Capital.
Via Venture acquires Hostnordic
Via Venture Partners and retail investor Christian Winther have jointly acquired a majority stake in Danish web hosting and IT outsourcing provider Hostnordic.
A Capital in DKK 185m PIPE for Bang & Olufsen
A Capital and Chinese luxury retailer Sparkle Roll have invested DKK 185m for a 7.71% stake in listed Danish high-end audio-video business Bang & Olufsen.
CapMan exits Ascade to CSG Systems
CapMan has sold software developer Ascade to NASDAQ-listed trade player CSG Systems.
Nordic Capital buys four consumer financing firms
Nordic Capital has acquired Swedish consumer financing, insurance and business support services providers Resurs Bank, Solid Försäkringar, Reda Inkasso and Teleresurs.
Altor reaps 6x on Helly Hansen
Altor Equity Partners has sold a majority stake in Norwegian clothing retailer Helly Hansen to the Ontario Teachers' Pension Plan (OTPP), keeping a 25% shareholding.
Ratos-backed Arcus-Gruppen buys spirits brands portfolio
Ratos portfolio company Arcus-Gruppen has acquired Nordic spirit brands Aalborg, Brøndums, Gammel Dansk and Malteser from Pernod Ricard.
Norvestor acquires Abax
Norvestor Equity has bought Norwegian electronic trip logs provider Abax in a management buyout.
G Square buys Mikeva from Intera
G Square Capital has acquired Finnish social care services provider Mikeva from Intera Partners.
Verdane Capital Advisors sells Prenax
Verdane Capital Advisors has sold Swedish subscription management company Prenax to French family office Arts et Biens.
Litorina backs Gullbergs MBI
Litorina has acquired a majority stake in Swedish office supplies provider Gullbergs.
Altor-backed Nimbus Boats goes under
Altor Equity Partners portfolio company Nimbus Boats has filed for bankruptcy.
EQT raises €1bn for infrastructure fund
EQT has raised more than €1bn for its second infrastructure fund, reports suggest.
Fundraising a chief concern for Nordic PE professionals
While the AIFM Directive was on everybody's agenda last year, fundraising is the main concern for most of the private equity practitioners polled in the latest unquote" Nordic Survey.
3i sells LNI stake for €36m
3i Group has sold its 5.7% stake in Lakeside Network Investments (LNI) to Teachers Insurance and Annuity Association of America for €36m.
Nordic Survey 2012
The second edition of unquote's Nordic Survey, published in association with Delphi, paints a picture of optimism among local private equity professionals.
SEB Venture leads $5m series-C for Apica
SEB Venture Capital has led a $5m series-C financing round for website performance testing and monitoring company Apica.
Nordic market bolstered by strong exits
The majority of Nordic private equity practitioners surveyed by unquote" in association with Delphi predict returns of more than 15% for upcoming investments.