Nordic unquote
EQT to sell Fertin Pharma to Philip Morris
EQT exits the company four years after it acquired a 70% stake in it from the founding Bagger-Sørensen family
Nordic Capital raises €1.2bn for first mid-market fund
GP launched the fund in April 2021 and took three months to raise the vehicle which will target mid-market companies across Northern Europe
KKR opens office in Stockholm to step up Nordic activity
The office is the GP's ninth in EMEA, in addition to Paris, Frankfurt, Madrid, Dublin, Luxembourg, London, Dubai and Riyadh
Verdane acquires Silva and Nordic Vehicle from Karnell
Karnell's exit comes a decade after it invested in both Silva and Nordic Vehicle.
Altor buys Palette Software from Monterro
Monterro's exit comes six years after it acquired a minority stake in the company
Riverside buys Danish cybersecurity firm Cryptomathic
GP was supported by its institutional co-investors on the deal and plans to carry out add-ons in the cryptography space
Klar to acquire Finnish installation company QMG
GP will merge QMG with its recently acquired Swedish portfolio company Sandbackens to create a new group
Altor, Goldman Sachs sell Navico to trade in €880m deal
Altor exits the company 15 years after creating the company by merging Simrad Yachting and Lowrance Electronics
Multiples continue to climb in Nordic region as activity booms
Nordic PE market saw record levels of deal value in Q1, with valuations soaring even higher on the back of renewed optimism
Sparkmind closes first Edtech fund on €55m
Vehicle will back up to 25 companies with up to €5m in stages ranging from seed to series-B rounds
Priveq sells Scanmast to trade buyer for €24m
As part of the acquisition, Scanmast CEO Ann-Charlotte Andersson also acquires shares
Accent exits kitchenware retailer Cervera in sale to trade
Under Accent's ownership, the company's revenues increased by more than 70%, and EBITDA nearly tripled
Waterland to acquire Norwegian company Bano
Waterland is currently deploying equity from its eighth fund, which held a final close on €2.5bn
Intera Partners closes fourth fund at €335m
Fund will invest in the lower-mid-market space and target mainly Finnish and some Swedish businesses
FSN closes sixth fund on €1.8bn
GP exceeds its target of €1.5bn for the fund, which was oversubscribed
Altor acquires Multi Wing Group
Company was reportedly marketed based on EBITDA of €16m
Axcel acquires veterinary care provider VetGruppen
Company's co-founder and chief operating officer Rasmus Hansen will remain a significant co-owner alongside the GP
Blue Cloud Ventures leads €50m round for Templafy
Insight Partners, Dawn Capital, Seed Capital and Damgaard Company also take part in the round
Inflexion completes €170m take-private deal for Infront
In January, the GP offered €143m to take over the company, but later increased its offer to €170m
Procuritas merges 12 IT companies to create Frendy
Procuritas will become the majority shareholder, while the founders of the companies will have a significant minority ownership of the merged entity
SNÖ Ventures launches $100m fund
Norwegian venture capital firm SNÖ Ventures has launched and held a first close for its second fund, SNÖ Fund II, targeting $100m.
Verdane, Sprints invest in racket sports platform Matchi
Company reportedly raised €20m from the GPs, which will support the company in its international expansion
VC-backed Biosergen raises €5m via unit offering ahead of IPO
Company will use the proceeds from the offering to launch clinical trials of its antifungal drug candidate
Verdane sells Hyma to trade in €159m deal
Deal represents an IRR of more than 50% for Verdane, and will be the GP's first realisation from Verdane Edda I