Finnish PE/VC News 24.05.2013 Highlights from the PE Industry statistics Q1/2013 There is growing interest in investing in Finland 14.05.2013 Rightware Closes €4M Series B Round to Extend Global Leadership in User Interface Software Kanzi® UI Solution Continues To Gain Traction in Emerging Embedded Markets Including Automotive and Consumer Electronics Industries 30.04.2013 M-Files Secures €6M Series A Funding Led by DFJ Esprit to Fuel Global Expansion and Continued Growth Metadata-Powered Enterprise Content Management Provider to Rapidly Accelerate US Market Growth for Quality-Intensive and Regulated Industries 18.04.2013 Sticky brings in $3M from leading European tech investors to clean up the digital wasteland London (April 11, 2013) – Media technology company Sticky announced today that it has closed a $3M funding round with leading European tech investors Conor and Northzone. 08.04.2013 CapMan sells Cardinal Foods, impact on CapMan Group’s results for 2013 is €1.9 million Funds managed by CapMan and other owners of Cardinal Foods have signed an agreement to sell Cardinal Foods AS to a company formed by Swedish agricultural cooperative Lantmännen Group and private equity firm CapVest. Funds managed by CapMan own approx. 49% of Cardinal Foods’ stock. The impact of the transaction on CapMan Group’s result for 2013 is approx. €1.9 million from carried interest income and fair value changes from own fund investments. The transaction contributes €3.7 million in cash flow to CapMan Group. The transaction is subject to final approval by the competition authorities and is expected to close by 1 July 2013. The investment in Cardinal Foods has been excellent for investors in CapMan’s funds. 08.04.2013 CapMan Russia establishes its latest fund investing in small and mid-sized Russian businesses CapMan has established the CapMan Russia II fund. The first closing of the fund was held on 28 March 2013 at €97 million (approx. $124 million). The fund will invest in small and mid-sized enterprises (SMEs) in Russia. The positive impact of the increase in management fees as a result of the establishment of the fund is in line with previously provided guidance. 07.02.2013 Sentica launches Sentica Buyout IV fund Sentica Partners (“Sentica”) has held a closing of its Sentica Buyout IV (the “Fund”) at approximately EUR 115 million. Sentica aims to have the Fund’s final closing at around EUR 130 million later this year. Commitments to the Fund have been made by Finnish institutional investors and high-quality European fund of funds. 05.02.2013 Verdane Capital VII purchases Nordic Venture Partners Danish Funds With Verdane Capital VII’s acquisition of the existing funds in Danish Nordic Venture Partners I, Verdane Capital Advisors, one of the Nordic markets’ largest and most successful investment advisors to secondary direct funds, is taking a first step on to the Danish market as part of its Nordic expansion strategy. 11.01.2013 CapMan exits IT2 Treasury Solutions CapMan Technology 2007 funds managed by CapMan and other owners of IT2 Treasury Solutions (IT2) have sold 100 percent of IT2’s shares to Wall Street Systems. Prior to the transaction, funds managed by CapMan owned approximately 86 percent of IT2’s equity. The transaction has no substantive impact on CapMan’s financial results for 2012 or 2013 as the selling funds are not in carry. IT2 has been a very good investment for investors in funds managed by CapMan. 20.12.2012 Sponsor sold its shares in Barona Group 17.12.2012 CapMan Buyout invests in Acona Funds managed by CapMan have agreed to acquire Acona Holding AS, one of Norway’s leading providers of well and drilling services. 26.11.2012 Web of Trust Closes Investment Round from Inventure Helsinki, Finland --- November 26, 2012 --- The community-powered safe surfing tool Web of Trust (WOT) announced today that it has raised € 1MM investment lead by Inventure, a cross-border venture capital group based in Finland and China. Other participating investors include private investor Risto Siilasmaa and Finnish Industry Investment, which has been a shareholder of WOT since 2007. 16.11.2012 CapMan establishes its tenth buyout fund CapMan has established its tenth buyout fund: CapMan Buyout X. The first closing of the fund was held 15 November 2012 at EUR 152 million. CapMan Buyout X will invest in middle market buyout transactions in the Nordic countries. The establishment of the fund does not impact CapMan’s result for 2012. 02.11.2012 Neo Technology Raises $11 Million in Series B Funding to Lead Adoption of Graph Databases World’s leading graph database company dominates market with roster of Global 2000 customers, prestigious award wins and new round of funding |
