Denmark
Axcel holds first close for fund V on €352m
Axcel V is the first vehicle raised since Christian Schmidt-Jacobsen took over as the firm's managing partner
Maj Invest acquires Danish software provider Icotera
Management buyout sees Maj Invest's fifth fund acquire 75% of the shares in Icotera alongside CEO and CTO
Capidea backs Westpack
Buyout will allow for succession at the company, with one member of the founding family exiting his shareholding entirely
Denmark suffers from lack of newcomer buyout firms
Country lags behind its Nordic counterparts in terms of new private equity players, despite a growing number of buyouts
Investcorp acquires majority stake in Ageras
Private equity firm's cash injection is the first institutional capital raised by Ageras since it was founded
Credo disposes of Labflex to founders after 15 months
Norwegian private equity fund told local media it had been dissatisfied with the investment
Nordic onshoring remains elusive without political assurances
Tax transparency in the Nordic region will only improve slowly without political assurances
Creandum leads €5.5m round for Pleo
Round adds to DKK 20m raised in September 2016 from early-stage investors, Danish family offices and a foundation
Cubera holds €405m final close on eighth secondary fund
Vehicle will invest in the Nordic secondary market and has a total investment capability of more than тЌ500m
Maj Invest carves out TDC Hosting
Formerly PE-owned Danish legacy telco TDC will divest 100% of its subsidiary
Seed Capital. Spar Nord invest DKK 5m in Ernit
Danish bank will take an active role in launching the product in Denmark
Verdane, BWB merge wind industry portfolio companies
Bach Composite Industry and Jupiter Group are merged by Nordic PE owners
GRO Capital acquires Danish software developer Targit
Founder of previously VC-backed Targit will resign as CEO after the buyout
Capidea exits Union Engineering
Deal marks the seventh exit for Capedea's first fund, which has one firm left on its books
BWB converts DKK 62m of loans to equity in Hydratech
Recapitalisation comes after five years of losses at the Danish business
Erhvervsinvest sells Damolin to French industrial
Danish mineral products maker is sold to listed French buyer after six years
AH Industries exit results in negative IRR for Ratos
Dealтs enterprise value is around DKK 240m and will have no effect on Ratosт profits
FSN Capital closes fifth fund on €1bn hard-cap
Surpassing its target of тЌ624m, the Nordic vehicle is тЌ376m larger than its predecessor
Capidea invests in in Creativ Company
Danish private equity firm takes majority stake while founders continue as minority shareholders
Altor faces DKK 1.2bn lawsuit over OW Bunker collapse
Curator of the Danish oil trading and supply company that failed in 2014 seeks damages
EQT Mid Market buys nicotine gum maker Fertin Pharma
Founding family of the Danish business will reinvest alongside EQT for a 30% stake
Polaris in €91m Avanti Wind trade sale
Exit by Danish GP was made to listed Swedish industrial business Alimak Group
Nordic outlook remains upbeat despite 2016 slowdown
Nordic private equity market saw overall deal value drop substantially in 2016
Maj Invest sells KK Group to former Altor partners
Scandinavian investment firm Solix acquires the Danish wind turbine component maker