Nordic Unquote
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.
Polaris backs MBI of DMP Mølleservice
Polaris Private Equity has taken a majority stake in the MBI of Danish wind turbine service and maintenance provider DMP MУИlleservice.
Procuritas closes fifth fund on €200m
Procuritas has closed its fifth investment vehicle on тЌ200m.
Industrifonden et al. invest SEK 70m in Bonesupport
Industrifonden, Healthcap and Lundbeckfond Ventures have led a second funding round worth SEK 70m for Swedish medical equipment company Bonesupport.
3i exits Finnish outdoor brand Halti Oy
3i has sold its 49% equity stake in Finnish outdoor equipment company Halti Oy to Ingman Group.
Industrifonden leads €11m round in Nuevolution
Industrifonden and existing investors have provided Danish biotech company Nuevolution with a DKK 80.5m (тЌ11m) round of funding.
Intel leads €20m round in FlatFrog
Intel Capital has led a тЌ20m funding round in Swedish touch screen pioneer FlatFrog Laboratories backed by existing investors Invus and Sunstone Capital.
Greylock and Northzone lead €25m series-B for iZettle
Greylock Partners and Northzone have led a тЌ25m series-B funding round for Swedish technology company iZettle.
Nordic unquote" June 2012
As previously reported last month, ratings agency Moodyтs has downgraded Swedish banks Nordea and Svenska Handelsbanken to Aa3, and Norwegian DNB Bank to A1 т all by one notch, with a stable outlook.
Northzone invests $3m in Soundrop
Northzone has invested $3m in Norwegian music discovery and sharing service Soundrop.
Conor invests €1m in Omegawave
Conor Venture Partners has invested тЌ1m in Finnish sports training equipment provider Omegawave.
Sunstone Capital backs Adenium Biotech
Sunstone Capital has invested DKK 11m in Danish biotechnology company Adenium Biotech.
Polaris-backed STG acquires Dalaspår
Polaris Private Equity portfolio company Scandinavian Track Group (STG), a Swedish provider of railway construction and maintenance services, has acquired its competitor DalaspУЅr.
Polaris-backed Skånska Byggvaror acquires Grønt Fokus
Polaris Private Equity portfolio company SkУЅnska Byggvaror has acquired Norwegian furnishings business GrУИnt Fokus.
The Nordic coming-of-age
The Nordic coming-of-age
Samsung Electronics acquires VC-backed Nanoradio
A consortium of investors including Viking Venture, Creandum, Industrifonden, Nordic Venture Partners, Ferd Venture, Innovacom, Anchor Capital and Teknoinvest have exited Swedish technology business Nanoradio to Korean electronics company Samsung.
Macro challenges make manager selection crucial
The Nordic region has enjoyed a boon of LP interest in recent years, but global economic woes will make outperformance harder. Kimberly Romaine reports from Stockholm
Priveq backs MBO of Office Management
Priveq Partners has taken a majority stake in Swedish office supplier Office Management.
Sentica acquires Silta
Sentica Partners has taken a majority stake in payroll consultancy Silta.
Scandinavian banks downgraded by Moody's
Moody's has downgraded some of the most popular private equity debt providers in Scandinavia.
Viking Venture exits myVR
Viking Venture has exited Norwegian software company myVR to Swedish trade player Hexagon.
Tax authority demands Nordic Capital execs repay SEK 412m
Nordic Capital executives have been ordered to repay SEK 412m in carried interest tax, after the Swedish tax authority reached a final verdict in a lengthy investigation.
Norway joins carried interest tax push
The Norwegian tax authority will classify carried interest as standard income, putting a few hundred million NOK of carried interest at risk.
Nordic Capital acquires Tokmanni from CapMan
Nordic Capital has acquired Finnish discount retailer Tokmanni Group from CapMan.