News/Nordics
NORWAY - Verdane Capital Advirsors and Ferd Venture exits Nacre AS to Bacou-Dalloz
Bacou-Dalloz has acquired Nacre AS from Ferd Venture, Verdane Capital Advisors and Viking Venture. The transaction values Nacre at USD 135m, and Ferd Venture has announced that they will make a 15x return in cash on the divestment.
DENMARK- 7TM AS secures fourth-round investments of $22m
7TM Pharma AS, a Danish pharmaceutical, has raised around $22 million in a fourth-round funding from SR One Ltd, one of GlaxoSmithKline’s independent corporate healthcare venture capital fund. Other investors that have participated are Alta Partners,...
EUROPE - EVCA stats show record 2006 fundraising and investment
Final figures for European private equity activity and performance were announced by EVCA today, confirming a booming buyout industry and continued UK dominance. The figures also showed something of a revival for European venture, with €17bn allocated...
NORWAY - Arcapita sells Roxar to CorrOcean
CorrOcean has entered an agreement with Arcapita to acquire 100% of Roxar, the Stavanger based technology solutions provider for the oil and gas industry. The price represents an enterprise value of NOK 2.2bn. The two companies have a strategic fit, and...
SWEDEN - Provider Venture Partners divests Drutt to Ericsson for a 5x return
Provider Venture Partners has sold their stake of Drutt, a software company, to Ericsson. The value of the deal is not disclosed but it is valued to be around SEK 350-400m, with Provider Venture Partners securing a 5x money multiple. Drutt Corporation...
SWEDEN - Industrifonden recruits two new professionals
Industrifonden has hired two new investment managers, Stefan Jakelius, formerly head of seed financing at the Energy Agency, and Tore Tolke, formerly investment manager at Småföretagsinvest.
SWEDEN - Ferd Venture invests NOK 80m in Nanoradio AB
Ferd Venture has invested NOK 80m in Swedish chip producer, Nanoradio AB, as part of a NOK 160m round with existing investors Nordic Venture Partners, Innovacom, Teknoinvest og Industrifonden. The new capital will be used to fuel internationalisation...
SWEDEN - Malmöhus Invest makes 14x on exit of HARDI Electronics
Malmöhus Invest has sold HARDI Electronics AB to Synplicity Inc in California, making a 14x return in cash, and an IRR of 140%.
FINLAND - Eqvitec acquires outstanding shares of StyroChem
Eqvitec Technology Fund III has acquired the outstanding shares in StyroChem Finland Oy, a producer of expandable polystyrene (EPS), from Wincup. The investors will also offer management ownership in the compnay.
DENMARK - Unifeeder is acquired by Montagu for over EUR 400m
Montagu Private Equity has acquired feeder operator Unifeeder from its management for over EUR 400m. The investors acquired 100% of the company, but the management will take a significant stake in the business going forward. Unifeeder was sold via an...
NORWAY - Ferd Ventures invest EUR 2m in Kvaleberg
Ferd Ventures has invested EUR 2m in Kvaleberg, a mobile software company located in Oslo. The investment will be used to accelerate international growth.
FINLAND - CapMan strengthens its Real Estate team
Jorma Lehtonen has been appointed as CapMan Real Estate’s fund director and will be responsible for the investment activities of private equity real estate funds. In addition he will act as deputy to Markku Hietala, managing director of Realprojekti...
FINLAND - CapMan acquires land in Vantaa
CapMan RE II has acquired land located in the Kivistö area of Vantaa, Finland. Under the existing plans, the land and surrounding properties will be zoned as a commercial services district.
NORWAY - NVCA reports strong growth in Norway
The Norwegian Venture Capital Association has released its annual statistics on the Norwegian market for 2006. In 2006, there were 15 new funds established with NOK 11.4bn of new capital raised. The association also reported a 75% increase in the amount...
FINLAND - 3i acquires 25% of DNA for EUR 140m
3i has acquired 25% of the shares in Finnet OY, a Finish mobile operator, for EUR 140m. Following the deal Finnet OY is to be renamed DNA. 3i's stake will be reduced to 13% after the anticipated merger of five local operators and DNA. The 25% stake has...
DENMARK - EQT acquires Cimbria
The EQT Opportunity Fund has agreed to acquire a majority of the shares in the Danish industrial engineering Company Cimbria A/S.
SWEDEN- Nordic Capital acquires Thule Group from Candover
Nordic Capital VI has acquired Thule Group from Candover. Thule Group is a sports utility transportation solution provider with revenues of SEK 6bn.
FINLAND - Lion Capital acquires Vaasa & Vaasa from CapVest
Lion Capital LLP has acquired Vaasan & Vaasan, a producer and distributor of branded bakery products, from CapVest Ltd. Lion Capital has previously invested in other food companies like Weetabix and Kettle Foods, and aims to leverage its experience in...
FINLAND- CapMan invests in Movial Applications
CapMan Technology 2007 fund has invested in Movial Applications, a provider of IP communication software network equipment. CapMan will hold a minority stake in the company, while the management and employees will continue to hold the majority of the...
DENMARK - CapMan acquires IT2 Treasury Solutions
CapMan Technology 2007 fund has acquired IT2 Treasury Solutions from SimCorp, a Copenhagen-listed firm. CapMan will together with the management own 100% of the company. The transaction is expected to finalise in July 2007.
FINLAND - Via Ventures and Finish Industry Investments commit EUR 5m in OptoGaN
Via Ventures and Finish Industry Investments have committed capital in a EUR 5m round for OptoGaN, a light emitting diodes (LED) company based in Finland and Germany. The company has the technology to replace light bulbs with LED and the new funding will...
SWEDEN - EQT sells the remaining 15.9% shares in Symrise AG
EQT III has sold its remaining stake in Symrise AG. It used Deutsche Bank as placing agent.
DENMARK - Carlyle leads consortium to create new city district in Copenhagen
The Carlyle Group and Hoffmann Ejendomme, a Danish property developer, are in the process of aquiring Copenhagen Wholesale Market (Grønttorvet København). The aim is build a new city district in in Copenhagen on the site where the market was previously...
SWEDEN - SVCA launches private equity ‘internships’ for politicians
In a move to counteract the bad press targeted at the private equity market recently, the Swedish Venture Capital Association (SVCA) has offered politicians an opportunity to gain first-hand experience in the industry. “It was a fantastic opportunity...