Finland
Atomico leads $31m series-B for Varjo
Funding will be used to scale Varjo's teams from 80 to 200 over the next 12 months
Terra Firma et al. acquire Parmaco from MB
Transaction reportedly gives the Finnish real estate business an enterprise value of €400m
Private equity tops Nordic LP returns charts
PE outperforms other asset classes in the region, as local LPs continue to increase their allocations to the space
CapMan promotes three
GP promotes Antti Karppinen and Tobias Karte to partners and Tomi Alén to investment director
CapMan-backed Digital Workforce raises €3m
Investors in the round include CapMan Growth Equity Fund and earlier seed investors
Folmer acquires Europlan Engineering
GP intends to expand the businesses into new market segments as it pursues a growth strategy
Tesi invests in €6.3m round for Nosto
Fellow Helsinki-based VC firm (and existing investor) OpenOcean also takes part in the financing
Agilitas-backed Recover Nordic acquires JK Kloakservice
Latest deal is the 15th bolt-on since Agilitas backed Recover Nordic in 2013
CapMan exits Fluido
Deal marks the first exit for the CapMan Growth Fund, which held a final close in December 2017
FountainVest-led consortium bids for Anta Sports
Consortium offers €40 per share for the company, known for its Salomon and Wilson brands
Summa Equity acquires HyTest
Investment marks the Nordic private equity firm's first deal in the Finnish market
Via Equity, PFA acquire 30% stake in Advania
Deal marks the first time Advania has partnered with PFA, an LP in its current fund
Vesalius backs Forendo Pharma in €4m round
Additional funding comes after a €12m series-A financing in 2014 and €5.7m of R&D loans
Juuri Partners acquires minority stake in Flowplus
Deal is a growth equity transaction for Juuri with plans to acquire players across Finland
Speedinvest leads €1.7m seed round for Kodit.io
Company is seeking to scale its operations across Europe and raise additional capital
Certior holds €51m first close for Credit Opportunities Fund II
Fund focuses on the European SME direct lending segment, in particular in seeding emerging managers
Maki backs Altum in series-A funding round
Existing investor Lifeline Ventures also takes part after backing a seed round in 2016
Nordics investors remain active but cautious
H1 buyouts drop in the Nordic region after a busy 2017 as SBOs and trade sales take off
Korona Invest acquires MV-Jäähdytys
Company reported net sales of €6.8m in 2017 and employs a staff of 60
Sponsor Capital acquires Duell Bike Center
Duell's strategic goal is to strengthen relationships with both customers and suppliers
Procuritas acquires Temporary Space
GP makes the deal via its sixth fund, which held a final close on its hard-cap in May last year
DN Capital et al. in $8m round for Happeo
Fresh capital will enable the firm to expand its integration suite with LinkedIn, G Chat and Slack
Entry multiples stay frothy in Nordic region
Valuations in the Nordic countries are notably driven by high-multiple deals in the TMT and business services sectors
Tesi co-leads €5m funding round for Oura
US-based Bold Capital Partners co-leads the deal and will introduce US industry specialists to the board