Nordic Unquote
Verdane exits TeamTec to IMS
Verdane Capital has reaped a 4x multiple on the sale of its entire stake in Norwegian shipping company TeamTec Invest to local steel manufacturer Industri & Montasjeservice AS (IMS).
EQT exits Gambro to Baxter
EQT and Investor AB have sold the remaining division of Swedish healthcare business Gambro Group to trade player Baxter International for SEK 26.5bn.
Reiten exits Basefarm to ABRY
Nordic private equity firm Reiten & Co has sold Norwegian IT company Basefarm to US-based ABRY Partners.
Catella increases stake in IPM
Catella AB has increased its stake in investment services firm IPM Informed Portfolio Management AB from approximately 5% to 25% through a SEK 33m new issue private placement, conditional on an approved ownership assessment.
Nordic PE investment fell in Q3
Private equity funds invested around тЌ1.1bn in the Nordics in the third quarter, тЌ750m less than in Q2, according to the Argentum Q3 2012 Report. The figures paint Q3 as the trough for the region this year.
Ratos sells Contex to Procuritas for $41.5m
Ratosтs portfolio company Contex Group has signed an agreement to sell Danish Contex AS to the private equity fund Procuritas Capital Investor V LP for a total of $41.5m.
Nordic Capital refinances Orc with €60m bond issue
Orc Group, a Swedish financial technology and services provider owned by Nordic Capital, has placed a five-year тЌ60m senior secured high-yield bond.
Norrlandsfonden refinances Mackmyra
Norrlandsfonden has extended its convertible debt facility for Swedish whisky distillery Mackmyra Svensk Whisky AB for another five-year period.
NTC Holdings further reduces stake in TDC
The holding jointly owned by Apax, Blackstone, KKR, Permira and Providence has sold 80 million shares in Danish telecommunications company TDC.
Herkules Capital's Pronova BioPharma receives takeover bid
Herkules Capital's Norwegian portfolio company Pronova BioPharma has received a voluntary cash offer from German chemicals company BASF SE.
KIC InnoEnergy and Sting join forces
Sting (Stockholm Innovation and Growth) is teaming up with KIC InnoEnergy Sweden to offer development support to Stockholm-based start-ups within the renewable energy sector.
CapMan Buyout X holds first close
CapMan Buyout X has held a first close at тЌ152m.
Inventure leads €1.2m series-B round for Miradore
Inventure and Belgian ICR executive Willem Hendrickx have invested тЌ1.2m in Finish IT platform provider Miradore.
HitecVision hires senior partner
Norwegian GP HitecVision has hired Alf Thorkildsen as senior partner.
Are infrastructure deals the key to the Nordic market?
In the quest for high-quality deals that are convincing enough for banks to back and make investors excited about the coming fundraising round, Nordic players have looked towards infrastructure.
Northzone et al. exit T-Vips
Northzone and Incitia Ventures have exited their stake in Norwegian broadcast technology company T-Vips.
Capio buys healthcare division of PE-backed Ambea
Capio т a portfolio company of Apax and Nordic Capital т has acquired Carema Healthcare from Carema, the Swedish healthcare division of private equity-owned Ambea.
Sweden continues to lead Nordics
Sweden outpaced its Scandinavian neighbours in the 12 months leading up to November. A SVCA study shows that industry optimism returned just in time for year-end.
Fjord Capital's BioGasol secures €5m equity funding
Danish alternative fuel provider BioGasol ApS has secured тЌ5m in equity financing from existing investors including Fjord Capital Partners, alongside a тЌ10m grant from the Danish Energy Agency.
Perusa buys Opcon division for SEK 218m
Perusa has acquired the engine efficiency division of Opcon, a Swedish energy and environmental technology group, for SEK 218m.
Nordic unquote" November 2012
In the quest for high-quality deals that are convincing enough for banks to back and make investors excited about the coming fundraising round, Nordic players have looked towards infrastructure.
Swedish authorities continue to press for tax change
Sweden's tax authorities are vehemently pushing for a change in the taxation of proceeds for private equity fund managers.
Almi Invest et al. back PromoBucket spin-off
Almi Invest and 1:a VУЄstmanlandsfonden have backed the spin-off of Swedish software-as-a-service (SaaS) provider PromoBucket from advertising agency Navii.
Supremum leads €2m financing round in Atosho
Supremum Capital has joined existing investors in a тЌ2m financing round for Danish e-commerce business Atosho.