Denmark
Hg to sell Itm8 to Axcel, Chr. Augustinus Fabrikker
Danish IT services company will merge with Axcel-backed AddPro to form a new group with DKK 2.6bn revenues
Ganni sponsor L Catterton appoints Lazard to explore sale
Denmark-headquartered online fashion retailer could come to market in H2 2022, Mergermarket reported
GRO Capital holds EUR 600m final close for Fund III
B2B software-focused fund is more than twice the size of its EUR 255m, 2018-vintage predecessor
Polaris holds first close for Flexible Capital fund on DKK 500m
Vehicle was launched in May 2021 with a target of DKK 1bn and is expected to start deploying capital this quarter
Polaris mandates EY to exit Det Danske Madhus
Formal sale launch is expected once updated financial figures for the Danish catering company are in
Nordic Capital bolsters team with seven promotions
Among the appointments, Chris Lodge and Peter Thorninger are promoted to partners
Polaris V holds final close on EUR 650m hard-cap
Fund has EUR 690m to deploy including the GP commitment, and has made five platform investments
Investcorp explores Georg Jensen sale; FIH Partners mandated
Potential buyers for the luxury goods brand have started to be contacted ahead of a formal auction process launch
Axcel buys Danx, Livingbridge-backed Carousel
Livingbridge invested in Carousel Logistics in 2013; the company will now merge with Danx
Adelis acquires majority stake in Westpack from Capidea
Adelis acquires an 83% stake in the packaging company from Capidea, while management reinvest 17%
Axcel buys Picca Automation
Company sells industrial automation and software packages to the public and private sector in Denmark
Waterland buys Nowocoat
Paint manufacturer had revenues of DKK 200m in 2021 and has seen organic growth of 18% in 2018-2020
Saga closes fund-of-funds on EUR 720m hard-cap
Saga was founded by three former employees of Danske Bank's private equity department
Eir closes life sciences venture fund on EUR 122m
Nordic-based Eir Venture Partners has held a final close on EUR 122m for Eir Ventures I
FSN sells EET to Pamplona in SBO
Pamplona Capital Management has agreed to acquire Nordic technology distributor EET Group from FSN Capital in a secondary buyout.
Tenzing hires Gottås ahead of Nordic expansion
Magnus GottУЅs will head the London-headquartered GP's sourcing of Nordic technology deals
Polaris heads for final close for fifth fund
GP made its fifth deal from the fund earlier in September, acquiring G&O Maritime Group
Axcel VI holds EUR 800m final close
Fund has made six platform investments and is around 30% larger than its EUR 617m predecessor
Fidelium to acquire Benteler's Tønder and Louviers plants
Fidelium intends to establish the aluminum auto parts plants as an independent entity
DBAG acquires Dantherm Group from Procuritas
Procuritas acquired the heating, ventilation and air conditioning company in a carve-out in 2016
Bridgepoint to acquire LanguageWire from Catacap
Catacap acquired the translation and content production software in 2017 via its debut fund
Polaris makes IR and investment team hires
Amanda Platek joins Polaris to establish an investor relations function at the firm
JS World Media sale in home stretch, bidders include sponsors
Danish PE house Catacap and its German counterpart Findos are among the final-round bidders
Bain Capital, Thrive lead €126m round for Pleo
Company was founded six years ago and has since raised nearly тЌ200m over three funding rounds