News/Nordics
FINLAND - FII and Aura Capital invest in Optomed
Medical technology business Optomed has secured around EUR 700,000 in a first round of funding from Finnish Industry Investment, Aura Capital Oy and Mawell Oy.
SWEDEN - InnovationsKapital generates 9x return on Carmen Systems
InnovationsKapital and other major shareholders have entered into an agreement to sell all of their interests in Carmen Systems to The Boeing Company. As a result, the net proceeds to InnovationsKapital are at least SEK 190m, equivalent to 9x the invested...
NORWAY - NeoMed-backed Clavis Pharma appoints new chairman
Clavis Pharma, a portfolio company of NeoMed III, has announced that former Oslo Stock Exchange president, Sven Arild Andersen, has been appointed as chairman of the board of directors. Andersen takes over this position from Tom Pike, who will continue...
SWEDEN - Accent Equity acquires Grycksbo paper mill from Stora Enso
Accent Equity has announced the buyout of 100% of the shares in Stora Enso Grycksbo AB from Stora Enso.
SWEDEN - Eqvitec invests $4m in Movimento
Eqvitec has made a $4m investment in Movimento AB, a fast growing automotive electronics and software company based in Gothenburg.
SWEDEN - Mercer expands its Nordic investment consulting operations
Mercer Investment Consulting has announced that it is expanding its Nordic operations with three new senior appointments. Jonas Arsjö, Niclas Sundberg and Krister Carlsson, previously directors of MPIR Investment Services AB, join Mercer today.
SWEDEN - BoneSupport secures SEK 15m from existing investors
The medical technology company BoneSupport AB in Lund has been guaranteed SEK 15m from its current owners, InnovationsKapital, Ferd Venture and Teknoinvest.
NORWAY - Norsk Vekst Equity Partners becomes Norvestor
Oslo-based Norsk Vekst Equity Partners AS has changed name to Norvestor Equity AS and opened offices in Stockholm.
DENMARK - Nordic Capital's Nycomed achieves sales growth
Backed by Nordic Capital, Nycomed has announced that its net turnover grew by 16% in 2005 to a total of EUR 747.5m.
NORWAY - VC-backed Funcom plans new share issue
Backed by Northzone Ventures, Teknoinvest, Nordic Venture Partners and Stelt Holding, Norwegian game developer Funcom N.V. plans a share issue of up to 4.3 million new shares, which equals approximately 10% of existing outstanding shares.
DENMARK - Consortium pushes through squeeze out of TDC shareholders
The consortium buying TDC can apply for a delisting of the company following today's general meeting, according to press reports.
NORWAY - Ferd Private Equity Fund acquires Wonderland
Ferd Private Equity Fund (FPEF) has announced the acquisition of Wonderland AS. FPEF has committed capital of NOK 2bn and Wonderland is FPEF’s eighth acquisition.
SWEDEN - Industrifonden appoints Anders Grånäs as investment manager
Anders Grånäs has been recruited as new investment manager at Industrifonden and will focus on ICT ventures.
DENMARK - Erhvervsinvest acquires 85% of Elite Gaming A/S
Erhvervsinvest has bought 85% of Elite Gaming A/S from Genua A/S. The value of the deal has not been released. Thomas Marstrand of Erhversinvest will join the board of Elite Gaming A/S.
SWEDEN - Segulah recruits Håkan Dahlin as CFO
Segulah has appointed Håkan Dahlin as CFO to start in his new position in the spring.
FINLAND - FVCA says 2005 was best year ever for exits
2005 was a year of fundraising and exits in Finland, according to a survey by the Finnish Venture Capital Association (FVCA).
FINLAND/UK - VC-backed Ark Therapeutics awards management
AIM-listed biotechnology company, Ark Therapeutics Group plc, has awarded options to members of its management team.
FINLAND - Argentum invests NOK 160m in new Eqvitec fund
Norwegian Argentum has agreed to invest NOK 160m in Eqvitec Technology Fund III, which expects to raise around NOK 1.2bn.
DENMARK - VC-backed 7TM Pharma receives milestone payment
7TM Pharma has received an undisclosed milestone payment for its research into therapeutic angiogenesis in collaboration with Procter & Gamble Pharmaceuticals Inc.
NORDICS - Five players in battle for 'Nordic Private Equity Firm of the Year' title
Accent Equity Partners, Altor, EQT, Industri Kapital and Nordic Capital have been nominated for 'Nordic Private Equity Firm of the Year' by Financial News Private Equity News: Awards for Excellence in Private Equity - Europe 2006.
NORWAY - Epcon sold to M-I Swaco
3i has sold its stake in Epcon Offshore AS, the leading provider of produced water treatment systems for the oil & gas industry, to M-I Swaco.
SWEDEN - IK sells Oriflame shares for SEK 587m
The Industri Kapital 1997 fund has today sold 4.2% of the total number of shares and votes in Oriflame for SEK 587.5m.
DENMARK - IK porfolio firm buys Zealand Care
Industri Kapital-owned mobility aids provider Welzorg has signed an agreement to acquire Danish market leader Zealand Care A/S from Sahva A/S, a Danish group active in orthopedics. This is Welzorg’s first major step in its internationalization and the...
SWEDEN - Oracle buys VC-backed HotSip
Oracle Corporation has entered into an agreement to acquire Swedish HotSip AB, which is backed by 3i, Argnor Wireless Ventures, GO Capital and Ledstiernan.