News/Nordics
NORWAY - Index, Teknoinvest and NorthZone complete final exit from listed-Trolltech
Trolltech, a Norwegian cross-platform software developer, previously backed by Index Ventures, Teknoinvest and Northzone Ventures, has signed an agreement to be acquired by Nokia for NOK 843m, corresponding to NOK 16 per share.
SWEDEN - Ratos completes refinancing of Bisnode
Ratos has completed a refinancing of Bisnode, the Swedish supplier of digital business and support information for businesses, which will provide the owners with a cash payment of approximately SEK 865m. The recapitalisation was enabled through a positive...
FINLAND - CapMan Technology 2007 closes on EUR 142m
CapMan Technology 2007 has closed on EUR 142.3m, just short of its EUR 150m target. The vehicle employs a 10+1+1 structure and is based in Gurnsey.
SWEDEN - Industrifonden and Via Venture supports Tonium with SEK 35m
Industrifonden, Via Venture Partners and Arvid Svensson & Ekstranda Media AB have invested SEK 35m in Tonium AB, a developer of portable DJ-systems.
FINLAND - CapMan completes MBO of Varesvuo Partners
CapMan Buyout Fund VIII together with Roope Lerthinen and the company’s management, have completed a management buyout of Varesvuo Partners Oy, a Finnish television content and film production business for an undisclosed value.
EUROPE - Index closes first ventures growth fund on EUR 400m
Index Ventures has closed its latest fund Index Ventures Growth I LP on EUR 400m. The fund was formed to address the market opportunity created by the maturation of Europe’s start-up industry and the movement of traditional late-stage investors into...
DENMARK - Rumoured private equity interest in X-Yachts
It is rumoured that X-Yachts, a Danish yacht builder, is to be sold to a private equity firm.
SWEDEN - Verdane acquires four companies from Brainhart Capital
Verdane Capital has acquired four unlisted companies from Brainhart Capital for an undisclosed sum.
FINLAND - CapMan establishes EUR 835m real estate fund
CapMan has held a first close of CapMan Hotel RE Ky, a real estate fund, on EUR 835m.
SWEDEN - Sunstone leads SEK 40m round in CMC Contrast
Sunstone Capital has invested SEK 40m in CMC Contrast, a medical imaging company, together with existing investors øresund Healthcare Capital and Malmöhus Invest.
DENMARK - Global Life Science Ventures et al. invest EUR 15m in Action Pharma
Action Pharma A/S, a Danish biotech company, has raised in total EUR 15m from new and existing investors.
SWEDEN - Venture-backed MySQL sold to Sun Microsystems for $1bn
Benchmark Capital along with Index Ventures, Scope Capital, SAP Ventures, Institutional Venture Partners, Intel Capital, Red Hat and Presidio STX are to realise their investments in MySQL AB through a $1bn sale of the company to Sun Microsystems.
DENMARK - SoonR attracts $9.5m from Cisco et al.
SoonR, a Denmark-based mobile computing company, has attracted a second round of financing worth $9.5m from a consortium of investors led by Cisco Systems. Other investors included Clearstone Venture Partners and Intel Capital, which also participated...
DENMARK - NorthCap injects $2.3m in Zmags
NorthCap Partners has injected $2.3m in Zmags, a Copenhagen-based online publications specialist.
SWEDEN - Segulah completes SEK 2bn recapitalisation of Dacke
Segulah has completed a SEK 2bn recapitalisation of Dacke OMC, a provider of hydraulic equipment and engineering solutions.
SWEDEN - Provider Venture portfolio company files for bankrupcy
Provider Venture Partners-backed Musicbrigade, a Swedish digital music company, has filed for bankruptcy.
UK/SPAIN - LCA invests £2.5m into Classical Renaissance
Low Carbon Accelerator Ltd (LCA) has completed an investment of £2.5m, provided in the form of a profit participating loan, into Classical Renaissance España SL. As part of the deal, LCA will recieve an equity stake in Classical Renaissance Ltd, the...
FINLAND - Nordic Venture Partners invests in SANAKO
Nordic Venture Partners has invested EUR 5m in SANAKO, a provider of technology for live language learning.
DENMARK - ISS exit on the cards
EQT and GS Capital Partners–backed ISS, the Danish hygiene services company, could soon be ready for a trade sale or listing.
UK/FRANCE - Platina announces EUR 75m close of fourth fund
Platina Finance Ltd has announced an intermediary close of its fourth fund, the European Renewable Energy Fund 1 LP (EREF), on EUR 75m. The fund was launched in October 2007 and is targeting a final close of EUR 250m by the end of 2008.
DENMARK - Segulah II sells Kosan Crisplant to United International Bank
Segulah II L.P has sold Kosan Crisplant Holding A/S, a provider of systems and solution for filing and reconditioning of Liquefied Petrolium Gas (LPG) cylinders, to Bahrain-based United International Bank B.S.C (UIB). The terms and conditions of the sale...
SWEDEN - Litorina Kapital creates Scandinavian IT security group
Litorina Kapital III has created a new IT security group through its acquisition of three companies: Coromatic, Metric Power and Scanpocon, for an undisclosed sum.
SWEDEN - Securitas Direct acceptance period extended
ESML Intressenter, jointly owned by EQT V (c64%), Säkl AB (c8%) , Melker Schörling AB (MSAB) (c10%) and Investment AB Latour (c17%), has extended the acceptance period for its bid for Securitas Direct, the Swedish security services company, until February...
FINLAND - CapMan sells Solid to IBM
CapMan has sold its stake in Solid Information Technology Oy, a software company, to IBM.