Sweden
Carlyle acquires BTI from Valedo Partners
The Carlyle Group has acquired Swedish subtitling company Broadcast Text International (BTI) from Valedo Partners.
Earlybird et al. back Jumpstarter with $1.7m
Earlybird Venture Capital, Paua Ventures and Martin Sinner have provided $1.7m in funding for Jumpstarter, a Stockholm-based productivity tool for developers.
Verdane acquires four companies from eEquity for SEK 150m
Norwegian secondaries direct investor Verdane Capital has acquired a 15-30% stake in four Scandinavian e-commerce companies held by Swedish investor eEquity.
Adelis Equity hits first close for maiden fund
Stockholm-based Adelis Equity Partnersт maiden fund has hit a first close at тЌ230m following less than six months of fundraising, according to sources close to the situation.
EQT promotes Blecher and de Muynck
Lennart Blecher, EQT
Alder backs Powerbox
Alder has invested in Sweden-based Powerbox International, a manufacturer and distributor of power converters and associated products.
EQT to appeal tax decision
As expected, EQT Partners will appeal the Swedish tax authority's decision to tax carried interest as income, presenting some of the firm's staff with a SEK 670m tax bill.
EQT loses battle in income tax war
EQT and a number of its employees will receive a tax bill of SEK 670m, according to Swedish newspaper Dagens Industri.
Ratos reports SEK 820m net profit for H1
Listed private equity firm Ratos made an SEK 820m profit before tax for the first half of 2013, compared with an SEK 16m loss in H1 2012.
Öresund and Creades exit Klarna shares
Investment Уresund and Creades have sold their shares in Swedish online payment company Klarna Holding for SEK 172m.
Industrifonden and Zobito back inRiver
Industrifonden and Zobito have invested SEK 20m in Swedish software company inRiver.
CVC set to buy Campbell Europe
CVC Capital Partners has entered exclusive negotiations with Campbell Soup Company to acquire part of its European activities.
Industrifonden et al. back SEK 10m round for Foap
Industrifonden and Maxwell Ventures have taken part in a SEK 10m funding round for Sweden-based Foap, a mobile photography start-up, alongside a number of private investors including Magnus Wilkne.
Sweden mulls ban on PE ownership of schools
A new legislation proposal will aim to ban private equity firms from owning independent schools in Sweden, according to education minister Jan BjУЖrklund.
Swedish courts to rule on internal loan interest rates
The Swedish Supreme Administrative Court, HFD, may give clearance on the investigation into internal loan interest rates this autumn.
From US to Europe: an elusive carried interest definition
Carried interest
Accent Equity acquires Infolog
Accent Equity Partners has acquired Infolog, a division of Swedish business communication group Intellecta.
EQT to sell Swedegas
EQT is planning to sell Swedish gas grid operator Swedegas for an enterprise value in excess of тЌ500m (SEK 4.3bn), according to reports.
VC investors back Magine
A number of Swedish and international investors have closed a series-A funding round of $19m for Magine, a Swedish cloud-based cable operator.
Ratos's SEK 1.4bn share emission fully subscribed
Ratos's emission of class-C preference shares to increase its share capital has been fully subscribed, generating proceeds of close to SEK 1.4bn in total before issuing costs.
Altor's Elixia merges with Sats and Fresh Fitness
Altor Equity Partners and TryghedsGruppen have agreed to merge Nordic fitness chains Sats, Elixia, Fresh Fitness, Safe and Metropolis.
Greylock Partners et al. invest $15m in Wrapp
Greylock Partners, Atomico, Creandum and other backers have invested $15m in a series-B funding round for mobile gifting service Wrapp.
Nordic Report 2013
Once the darling of European private equity, has the Nordic region lost some of its lustre?