Nordics
Neqst exits Swedish data management provider to GRO
Neqst first backed DigitalRoute in 2008, and most recently had a 94% ownership stake in the portco
CapMan exits Havator to construction joint venture
The seller first invested in the portfolio company in 2010
KKR invests in Impilo-backed Immedica Pharma
Existing owner Impilo will reinvest to become an equal owner alongside KKR
Alternative asset classes set to see biggest increase in fundraising in 2024
Some 71% of wealth managers and institutional investors surveyed by Carne Group expect to increase their allocation to private equity by 10% or more this year
Apax-backed Palex Medical forms European medtech platform with new add-on
Apax first invested in Palex in July 2023
FairCap carves out Swedish agricultural manufacturer
Transaction was "complex", involving several offices, according to FairCap
Deal in Focus: Triton’s Norstat exit preparation started on ‘day one’
"Identify likely buyers early" is the firm's approach, Triton partner Daniel Björklund tells Real Deals
Mutares powers up Polish high-voltage services business
The carve-out is the third transaction by Mutares in 2024
Fund in Focus: Manulife Strategic Secondaries Fund closes on more than €550m
The fund focuses on GP-led secondaries and has already commenced its deployment phase, global head of co-secondaries Jeff Hammer tells Real Deals
Juuri Partners creates the largest online pet health store in the Nordics
The Finnish GP has backed Alvar Pet and concurrently inked its first bolt-on
French VC Quantonation raises €70m
The fund is dedicated to investing in quantum technologies
MVI Equity-backed Nordic Drives Group bolsters Danish portfolio with new acquisition
The deal further strengthens the business's capabilities in Northern Europe
Sobro backs Swedish building consultancy
All existing owners will remain as "significant" shareholders
Expect fundraising to slow following ‘record’ quarter: PitchBook
European funds have already amassed more than half the capital raised in 2023, according to PitchBook’s Q1 2024 Global Private Equity First Look report
CapMan Growth completes first investment from Equity Fund III
The Finnish GP has picked up a minority stake in waste-equipment company Tana as part of an investor consortium
Helix Kapital closes Fund III on €135.9m hard cap
Helix Kapital Fund III will continue the strategy of Helix’s previous funds, focusing on growth buyout investments in small-cap Nordic companies.
Accel-KKR invests in Aico
With the deal, the firm will support Aico's expansion in the DACH region
IVP banks $1.6bn for 18th VC fund
The vehicle is 12% smaller than its predecessor
Verdane backs Nordic software provider Ingrid
The transaction also saw participation from Schibsted Ventures
EQT sells stake in Ottobock
The transaction is set to value the prosthetics firm at €5.5bn
Keensight-backed BYG4lab acquires Finbiosoft
The deal expands BYG4lab’s footprint in new markets
Fund in Focus: How Axcel closed its largest fund to date
Despite its success, Axcel VII was impacted by the market conditions and the denominator effect, managing partner Christian Schmidt-Jacobsen tells Real Deals
Private equity’s exit logjam hits $3.2trn
GPs are sitting on a record 28,000 unsold companies, According to Bain & Co’s annual global PE report
Inflexion raises £1.75bn for Partnership Capital Fund III
The fund’s predecessor banked £1bn in 2018
Erhvervsinvest acquires Bisca A/S
The GP is ready to capitalise on new markets
FSN Capital-backed OptiGroup bolts on Ubro SystemPac A/S
The GP aims to consolidate the business’s presence in the Nordics
Bregal Milestone acquires Evli Alexander Incentives
The Nordic company is a subsidiary of Evli Plc
Triton Partners merges portcos to form Assemblin Caverion
The GP aims to create a Northern European technical service and installation specialist group
Exclusive: Quilvest acquires Acuiti Labs
Thomas Vatier, partner and co-head of buyout, tells Real Deals that the investor plans on leveraging its transatlantic expertise to grow the business
Hamilton Lane closes eighth credit fund on $700m
The fund’s predecessor closed on more than $950m in September 2022
CapMan banks €110m for third growth equity fund
CapMan’s growth funds have raised more than €300m since inception
Summa acquires STIM
The GP invested through its Summa Equity Fund III
Amplio-backed Selatek acquires Deltatec
As of February 2024, Segulah has been rebranded to Amplio
Deal in Focus: Nordic Alpha Partners sells Spirii to Edenred
Senior partner Laurits Bach Sørensen tells Real Deals the GP’s “highly” capital-efficient strategy was key to the portco’s growth
Exclusive: Unigestion closes Emerging Manager Choice II Fund
In parallel, the fund has also notched its first exit
EQT beats fundraising blues with latest vehicle
EQT X has banked €22bn
Verdane closes Edda III on €1.1bn
Verdane has closed two funds above target in the last six months, amassing a total of €2.2bn
Adelis Equity Partners sells Presto and HVD
The GP has reinvested in the business via its Adelis Fund III
Pride Capital Partners-backed GBC Group bolts on Bolde
The GP first invested in GBC Group in February 2022
Verdane completes quadruple acquisitions swoop from VNV Global
The investor seeks to support the digitalisation of the economy, it said in a statement
Main Capital-backed Qics bolts on ProjectFlow
The deal marks the first add-on for Qics since the GP backed the firm in 2021
Main Capital-backed TimePlan bolts on TimeMap
TimeMap offers a cloud-based SaaS workforce management solution
Altor acquires 90% of Permascand
The deal follows a public cash offer to the portfolio company’s shareholders
BNP Paribas Asset Management launches second co-investment fund
The fund will be invested in various opportunities, such as co-investments, equity flexing and GP-led transactions
Accent Equity portco acquires CM Betong
The GP acquired a majority ownership in Linotol in 2023
Driv Kapital backs new Norwegian IT consultancy group
The Nordic investor invested in the business through its Driv Kapital Fund I
Accent Equity sells Norco Interior to its own portco
The GP’s Götessons Design Group has bolted on the business
Stirling Square-backed Assist24 acquires Redning Danmark
The GP invested in the company in January 2020 through its €950m fourth fund
3TS Capital Partners holds final close of European tech fund on €111m
The GP received commitments from the EIF among others
Main Capital Partners acquires Millum
The GP aims to support the firm’s expansion internationally
Deal in Focus: PSG Equity acquires Visit Group majority stake for €100m
The buyer’s managing director Edward Hughes tells Real Deals it is the eighth investment from the firm’s PSG Europe II fund
BDO appoints Jamie Austin as head of global private equity
Austin joined the Belgium-headquartered business advisory firm in 2008
Longship completes debut investment from Fund III
The Norwegian PE firm has acquired a majority stake in Star Information Systems
Accent Equity acquires majority stake in Plockmatic Group from Grimaldi Industri
Plockmatic’s management team will also invest in the business
Exclusive: Arcano Partners eyes Q1 first close for second impact fund
The firms aims to secure commitments from its existing backers before expanding its outreach to international investors, Ricardo Miró-Quesada tells Real Deals
Capza-backed Wifirst acquires Hotsplots
The acquisition further strengthens Wifirst’s presence across Europe
Kennet Partners sells Eloomi
The deal will generate a return of more than three times the GP’s investment
Altor closes sixth fund on €3bn
The Article 8 fund is the largest ever raised by the GP
Keensight Capital-backed Sogelink bolts on Geopixel
The bolt-on will help to strengthen Sogelink’s European product offering
Main Capital-backed JobRouter bolts on Sycat Group
The combined firm could achieve revenues of about €20m this year
Committed Advisors reaps €2.6bn for fifth secondary fund
The vehicle is 65% larger than its predecessor fund
Vidia Equity closes Climate Fund I on €415m hard-cap
The fund will focus on emissions reductions in five of the most emission-intensive sectors
Accent Equity-backed Malte Månson bolts on Experten Group
Experten’s owners and key management will reinvest in the business
IK promotes partners in Nordics and Benelux
Carl Jakobsson and Frederik Jacobs both joined the firm as associates
NEA Partners backs Bookea
The investment was made from the firm’s third fund, NEA III
Monterro acquires majority stake in AI platform
The Nordic investor’s MD Erik Syrén is the new chairman of the portco’s board
Segulah-backed Selatek bolts on AllTor Data & Larmteknik
The acquisition consolidates the business’s presence within security services in northern Sweden
Main Capital expands to Switzerland with new investment
The GP’s portfolio company Aunetic has bolted on LARI Digital
Perwyn acquires UK-based grocery firm
The deal will see food executive David Milner joining the business’s executive team
IK and MxEP exit Mabtech stakes to EQT
The deal marks the buyer’s first investment from its EQT Healthcare Growth strategy
Blue Equity acquires 50% of solar cell business
The investment in KlimaEnergi is the GP’s sixth from Blue Equity III
Gilde Healthcare exits biotech firm
The GP has sold Calypso Biotech to Novartis
PAI Partners exits diagnostics manufacturer
ELITech was sold to Bunker Corporations
Egeria exits sustainable packaging solutions firm
Wentus has been sold in a trade deal to Trioworld Group
Mutares sells Frigoscandia to Dachser
With the transaction, Mutares completes its eighth exit in 2023
Deal in Focus: Lionrock acquires Haglöfs from Asics
The firm’s European head Tom Pitts tells Real Deals the brand has been in the GP’s sights for years
Unigrains acquires stake in Sinfo One
Founders the Pomi family will remain major shareholders
Axcel-backed XPartners completes three bolt-ons
The deal will strengthen XPartners’ commitment to sustainability
Verdane invests €95m in Urban Sports Club
The investment will bolster the business’s activity within European markets
Monterro exits Hypergene stake to Thoma Bravo
Hypergene’s CEO, CFO, founder and chief architect will remain as shareholders
Polaris sells North to Howden
The transaction marks Howden’s largest acquisition in continental Europe after Italy’s Assiteca
Ara Partners closes third vintage on $2.8bn
The oversubscribed private equity fund closed on its hard-cap
Capidea Kapital IV completes debut deal
The GP has acquired a majority stake in Right People Group
Nordic Capital acquires majority stake in Sesol
Minority shareholder SEB Private Equity has divested its holding as part of the deal
Altor exits Eleda to Bain Capital
Eleda is a Swedish infrastructure projects and services firm
Finnish VC announces first co-investment fund
The vehicle will invest in early-stage Finnish startups alongside angel investors
TA and Warburg acquire Epassi and Exercite
The GPs have merged the two firms to create a European digital multi-benefit provider
Metric Capital announces double promotion
Louis Robert becomes partner while Lars Eriksson becomes managing director
Main Capital-backed Björn Lundén bags compliance provider
The deal is the firm's fifth add-on since the GP invested in 2021
Sprints acquires 40% of Modular Finance
The company’s founders will retain the majority of the shares
Helix Kapital-backed L5 Navigation bolts on Rockma System
This is L5’s second bolt-on in as many months
Explore Equity invests in European communications agency platform
Paritee’s shareholder will reinvest along with the GP
Eurazeo backs Samskip’s zero-emission shuttle
The investment is the 15th investment from the GP’s maritime infrastructure fund
Quilvest takes the helm on Summa Equity continuation vehicle
Summa Equity acquired NG Group in 2018 via its Summa Fund I
Impilo-backed Scantox bolts on QPS Neuro
The bolt-on will increase the firm’s service offering
Bencis Capital sells its stake in Kooi
The majority stake has been sold to IK Partners and the company’s management
Mérieux Equity acquires majority in Labquality
The deal was made from the GP’s latest investment vehicle Mérieux Participations 4
Juuri Partners backs Finland’s Kiho
The GP will support the firm to expand its digital solutions for fieldwork management offering
PSG and InfraVia invest €40m in construction decarbonisation platform
One Click LCA was founded in Helsinki in 2001
Triton sells digital marketing firm Fonecta
Finnish GP Sponsor Capital has acquired the firm