Finland
Summa Equity to sell HyTest in €545m trade deal
Company in 2019 recorded SEK 299m in revenues and an adjusted EBITDA of тЌ15m
Sentica exits Finnish IT company Solteq
Exit comes 11 years after the GP, via Sentica Buyout III, invested in Descom, which was acquired by Solteq in 2015
Taaleri prepares bioindustry-focused fund launch
Fund will typically invest тЌ5-25m and will look at both majority and minority situations
DevCo acquires minority stake in Bluefors
GP is deploying equity from DevCo Partners III, which raised тЌ180m at the end of 2019
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
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
BaltCap closes third fund on €177m hard-cap
GP committed €5m of its own capital to the fund, the largest amount it has committed to any of its own funds
Superhero Capital to close second fund by mid-summer
Fund was previously aiming for a final close by the end of 2020
Armada Credit Partners closes fifth fund on €210m
Fund V is already 50% deployed and has made seven investments so far
OpenOcean and Spintop lead €3.6m series-A for Cambri
Lynda Clarizio, former president of Nielsen US Media, joins the board of directors
CapMan to acquire Pharmia
Deal is the second investment from CapMan Buyout XI fund, which held a first close in June 2019 on тЌ160m and has a target of тЌ250m
OTPP, KKR to buy Caruna from First Sentier Investors, Omers
Following deal completion, KKR and Ontario Teachers' will each own 40% in the company, followed by AMF Pension with 12.5%, and Elo Mutual Pension Insurance Company with 7.5%.
Norvestor acquires Finnish water management firm Envera
Norvestor partner Per-Ola Baalerud said in the press report that the GP aims to increase Enveraтs turnover five-fold within four to five years
Partners Group buys Parmaco from Terra Firma-led group
Vendors reportedly sought a valuation of between тЌ800m-1bn for the company
Flashpoint holds $70m first close for new venture secondaries fund
GP is targeting $200m for its new strategy, and its co-founders will commit 10-15% of their own capital to the fund
Ermitage launches fund advisory boutique in Helsinki
Firm will help GPs raise capital from institutional investors and large family offices in Europe and South Korea
Siena Venture targets €25m close before year-end
Debut fund from the new VC player held a first close on 1 February
Maki.vc leads €1.5m round for Finnish company Calqulate
Finnish venture capitla firm Maki.vc has led a тЌ1.5m funding round for Helsinki-based financial analytics provider Calqulate.
Iconiq Growth leads $530m round for Wolt
New round takes the total amount Wolt has raised to $856m
Sponsor Capital acquires and merges Likeit, Nepton
Merged company will have combined revenues of around тЌ8m in 2020, and employ over 50 staff.
CapMan boosts wealth advisory team
Nordic firm has appointed four people across wealth advisory, alternative investment and marketing
Adelis buys stake in Finnish digital learning firm Valamis
Current management will retain a significant stake in the company and continue in their roles
Unquote Private Equity Podcast: Nordic 2020 Review
Katharine Hidalgo welcomes Unquote Nordic reporter Eliza Punshi to discuss how dealflow and fundraising prospects are faring as 2021 rolls on
MB Funds to sell A-Katsastus to Finnish cooperative Tradeka
Exit comes a year and a half after the Finnish GP acquired the company from Bridgepoint, having also owned the company between 2003 and 2006