Denmark
IK sells Ellab to EQT
IK Investment Partners held the thermal validation services company for three years
Axcel buys SteelSeries from L Catterton
Ninth investment from DKK 4.8bn Axcel V, which invests in firms with revenues between DKK 250m-4bn
Procuritas buys Nature Planet
Sixth platform investment from Procuritas Capital Investors VI, a €318m buyout fund
Via Equity backs Cego carve-out
GP invests from Via Equity III, a DKK 1bn fund that invests in companies with sales of €10-100m
GP Bullhound holds €113m final close for Fund IV
Vehicle will predominantly focus on later-stage rounds for European technology businesses
Nordic PE market attracts foreign GPs despite high pricing
Non-Nordic fund managers put a record amount of capital to work in the region in 2018, on both a relative and absolute basis
Silverfleet sells Phase One to Axcel for 4.6x
Sale ends a holding period of more than five years for Silverfleet's first buyout fund
VC firms back €5.7m series-A for Goodiebox
Danish Growth Fund takes part in the financing alongside technology incubator Inqvation
Industri Udvikling buys minority stake in Wila
Investment will be drawn from Industri Udvikling IV, a 2013-vintage DKK 500m fund
Triton submits bid for Thomas Cook’s Nordic business
Group is evaluating the offer for its operations and airline in Norway, Sweden, Finland and Denmark
Montagu sells Covidence to EMK
Sale ends a four-year holding for the GP, which acquired the company using capital from Montagu V
Anacap buys SundhedsGruppen
Anacap will acquire a majority stake via its €900m fund, Anacap Financial Partners III
Pemberton opens Copenhagen office
Direct lending is gathering pace in the region as local banks begin to be constrained
VC firms in $56m series-B for Pleo
Fresh capital will be used to roll out Pleo across Europe and triple its headcount from 120 to 400
Agilitas-backed Danoffice buys Datacon
First add-on for Danoffice since Agilitas acquired the firm in a buyout in November 2017
Saga closes fund-of-funds on €600m
Vehicle was launched in March 2018 with a €700m target and held a first close on €170m
Kirk Kapital invests in Catacap’s TPA
Both Catacap and the company’s management team will remain invested in the business
Ex-ATP investment manager joins Industriens Pension
Appointment becomes effective in June, and he will report to head of private investments
LP Profile: Novo Holdings
Principal investments senior director Samir Kamal discusses Novo's investment plan, direct investments and approach to ESG
Owl Ventures leads $21m series-B for Labster
Balderton Capital, Northzone and Swisscom Ventures also take part in the funding round
Axcel sells Ball Group to Findos, wraps up fund
Sale ends a holding period of around 12 years for Axcel III, which made 11 platform investments
DN leads $10m series-A for Leapwork
Fresh capital will be used to accelerate product development and expand in the US
GRO Capital backs Adform
GRO will partner with existing investor Via Equity and Adform's management team
Axcel acquires European Sperm Bank
Peter Bower, founder and previous majority shareholder of the sperm bank, will retain a stake