Nordic Unquote
DevCo acquires minority stake in Bluefors
GP is deploying equity from DevCo Partners III, which raised тЌ180m at the end of 2019
EQT closes ninth buyout fund on €15.6bn
Vehicle was launched in January 2020 and is already 40-45% deployed
Jolt, Tesi et. al in €30m round for Virta
With the funding, the Finnish company will seek to expand into Asia, which it said was one of the largest markets for EV charging alongside Europe and North America
Verdane appoints sustainability expert Osmundsen as partner
Erik Osmundsen will be responsible for strengthening Verdane's capabilities in sustainability
Swedish VC Pale Blue Dot closes debut Climate Tech Fund on €87m
GP is looking to invest in 35 tech startups in Europe and the US that are focused on the climate
Icebreaker closes second fund on €100m
VC also closes a тЌ20m Opportunity Fund, which will be used for follow-on investments in portfolio companies from the first fund
IK closes third small-cap fund on €1.2bn hard-cap
New fund is more than double the size of its тЌ550m predecessor, IK Small Cap II Fund, which is now almost fully invested
Electric car maker Polestar raises $550m from new investors
Company raised $1.2bn in a series-A round last year and said that further fundraising was being considered
Gro Capital invests in Danish firm Luxion
According to Borsen, the GP's stake is more than 35% and that the deal valued Luxion at almost DKK 1bn (тЌ134.5m)
Strong 2020 for Nordic tech, VC and IPOs, says Argentum
CEO Joachim HУИegh-Krohn speaks to Unquote about the report's key takeaways
Polaris merges four financial advisory firms into North
Deal is the third from Polaris Private Equity V, which launched in 2019 and was targeting тЌ550m
Nordic Capital-backed Trustly announces plan to list
Fintech company is reportedly seeking a valuation of тЌ7-9bn
PE-backed Hemnet plans to list in Q2
The proposed listing comes six years after General Atlantic acquired a controlling stake in the company reportedly for around SEK 2bn
SoftBank, Prosus lead €223m round for Kolonial
New round reportedly gives the company a post-money valuation of тЌ750m, up significantly from its last valuation of around $178m in 2017
Capidea acquires Obsidian Group
Deal follows an auction process initiated by the company at the end of summer 2020 and was led by Deloitte.
Superhero Capital to close second fund by mid-summer
Fund was previously aiming for a final close by the end of 2020
THL, EQT sell stake in AutoStore to Softbank for $2.8bn
THL will continue to be a majority shareholder and EQT, which sold its majority stake to THL in 2019 but retained 10%, will also still be invested
Nordic Capital nets strong return on €2.1bn Itiviti trade sale
GP had delisted the trading technology and services provider in 2012
Nordic Fundraising Pipeline - Q1 2021
Unquote rounds up notable fundraises ongoing across the Nordic market, including EQT, Axcel, CapMan, Saga, and more
Semantix owner Segulah preps exit with William Blair
Semantix was originally established in 1969 and was acquired by Segulah in 2015
Nordic IPO rush drives exit opportunities for GPs
Wave of Nordic IPOs shows no signs of receding this year, often driven by new opportunities emerging from the pandemic
Armada Credit Partners closes fifth fund on €210m
Fund V is already 50% deployed and has made seven investments so far
Hg acquires Trackunit from Goldman Sachs, Gro Capital
Sale comes nearly six years after the GPs acquired the company
Klar Partners closes debut fund on €600m hard-cap
GP started raising the fund in March 2020 and said the vehicle was "significantly oversubscribed"