News/Nordics
EUROPE - Axa head calls for code on profits
The head of Axa Private Equity, Dominque Senequier, has called for Europe's private equity industry to draw up a voluntary code of conduct on how profit made from deals should be split among investors, managers and staff.
GLOBAL - RIT Capital Partners increases its stake in Millennium Group
RIT Capital Partners Plc, the investment trust of Sir Jacob Rothschild, and Sir Ronald Cohen's, the former founding chairman of Apax, have increased their shareholdings in Millennium Group Holdings Ltd.
DENMARK - Index Ventures invests USD 27m in Milestone
Index Ventures has invested USD 27m in Milestone, a Copenhagen-based developer of open platform IP video management software for surveillance systems.
GLOBAL - ArcelorMittal launches cleantech fund
ArcelorMittal, the world's largest steelmaker, has launched a EUR 100m venture capital fund to invest in clean technologies.
SWEDEN - Creandum invests EUR 420,000 in Videoplaza
Creandum has invested EUR 420,000, together with business angels Henrik Torstensson and Magnus Hultman, in VideoPlaza, an online advertising start-up.
GLOBAL - CP Eaton beefs up team
Placement agent CP Eaton Partners has appointed Jerry Elliot, Peter Martenson, Nina Frandson, Dan Meade and Brian Newman.
UK/GERMANY - First London to launch EUR 50m fund
First London Securities has reached an agreement with Humbolt-Innovation GmbH to establish a joint EUR 50m fund designed to invest in spin-out companies from the Berlin Humbolt university.
GLOBAL - Buying from private owners most lucrative
Private equity firms make the most impact on buyouts they source from private owners, rather than those of formerly listed companies, though both outperform companies that are not backed by private equity at all, according to a report from Ernst & Young.
SWEDEN - EQT Opportunity acquires Granngården
EQT Opportunity has acquired Granngården, a Swedish retail chain, from Lantmännen, a group owned by 42,000 Swedish farmers, for an undisclosed sum.
SWEDEN - EEP et al close EUR 26m PacketFront financing
Existing stakeholders European Equity Partners (EEP), Amadeus Capital Ltd and TLcom Capital LLP have completed a EUR 26m financing round for PacketFront, a supplier of broadband solutions to City and Greenfield carriers in Europe and the Middle East.
SWEDEN - Riverside acquires SPX Air Filtration
The Riverside Company, through its Riverside Europe Fund III (REF III), has acquired the Swedish based SPX Air Filtration for an undisclosed sum. A senior debt package was provided by Kaupthing Bank, while Eqvitec supplied a mezzanine tranche to support...
FINLAND - Consortiums invest EUR 7.5m into Xtract
A consortium of investors, comprising Creandum, ETF III, advised by Eqvitec Partners, and InnovationsKapital, have invested EUR 7.5m in a series-B funding round for Xtract, a social advertising company.
NORWAY - Borea sells Scandinavian Electric Holding for NOK 430m
Borea Opportunity II has sold its stake in marine propulsion system supplier Scandinavian Electric Holding to Rolls-Royce in a deal valued at NOK 430m.
NORWAY - Norvestor acquires 70% of Wema
Norvestor Equity, through its fund Norvestor V, has acquired 70% of the Wema Group, a supplier of diesel and AdBlue level sensors to the heavy truck industry, for an undisclosed sum. The vendor, the Gismervik family, retains 30% stake in the company.
NORWAY - CapMan-backed Curato acquires SRI
CapMan-backed Curato, a medical imaging services company, has acquired 100% of Sentrum Røntgeninstitutt (SRI) for an undisclosed sum.
EUROPE - F&C closes on EUR 173m
F&C Management has held the final close of its Europe-focused mid-market fund-of-funds, F&C European Capital Partners, on EUR 173m.
DENMARK - Ventizz Capital Partners completes EUR 51m SSP acquisition
Ventizz Capital Partners, through Ventizz Capital Fund IV, has acquired a 72.28% stake in SSP Technology A/S, a Danish rotor blade manufacturer, in a deal that values the company at EUR 51m.
NORWAY - Epi-V injects £3.5m in i-Tec
Epi-V has invested £3.5m in i-Tec, an oil services company, for a minority stake.
FINLAND - Sentica Partners acquires Arme for EUR 25.5m
Sentica Partners has acquired Arme Oy, an industrial insulation company, from Panostaja Oyj in a deal that values the company at EUR 25.5m. The company CEO, Jukka Pyykö, remains a shareholder with a 20% stake.
SWEDEN - InnovationsKapital injects SEK 30m into Isconova
InnovationsKapital has invested SEK 30m into Isconova, a Swedish biotechnology company, together with a group of private investors.
FINLAND – Pohjola acquires Reima from CapMan
Pohjola Capital Partners has, together with the company’s management, completed a secondary buyout of Reima, a children’s clothes manufacturer, from CapMan and other owners for an undisclosed sum.
SWEDEN – CapMan exits Spintop Netsolutions
CapMan Technology has sold its stake in Spintop Netsolutions, a Swedish IT company, to Atea Sverige AB.
DENMARK - Axcel strengthens partner group
Axcel has hired Henrik Poulsen as deputy managing partner and a member of the group partners effective from 1 January 2009.
GLOBAL - DIC appoints new managing director
Dubai International Capital has appointed David Smoot as managing director of its private equity team.