Finnish PE/VC News
The Finnish Business Angels Network (FiBAN) and Finnish Venture Capital Association (FVCA) have released their statistics on private investments and venture capital investments in Finnish companies in 2016. The total amount invested in Finnish early stage companies in 2016 was 383 million euros. The statistics include Finnish venture capital investments (80 M€), direct foreign investments (216 M€), business angel investments (53 M€) and other sources of finance including crowdfunding (34 M€). In total over 400 startup received investments.
Butterfly Ventures starts investing today from the new Butterfly Venture Fund III. The target size of the fund is 24 million euro. The fund focuses on hardware and deep tech companies whose business is built around unique, often protected and hard to reproduce technology. Butterfly Ventures is joining forces with US and Sweden based Capital A Partners (CAP A) for the new fund.
27.12.2016 Intera Fund III closes at €250 million
Intera Partners, a leading private equity group in Finland, has successfully closed their latest fund, Intera Fund III (“the Fund”) with capital commitments of €250 million.
Visedo received early Christmas present and raises 20 MEUR financing round with Emerald Technology Ventures as the lead investor
Today on 16 December 2016, Innovestor Kasvurahasto I Ky, which is managed by Innovestor Ventures Ltd, has purchased an approximately 80% share of Seed Fund Vera Ltd from Finnvera Plc. The acquisition is the biggest arrangement in the history of the Finnish early-stage venture capital market.
October 27, 2016 – Oulu, Finland – KNL Networks, a pioneer in “Internet Anywhere” technology that can even be used anywhere in the world, today announced it has closed a combined total of $10M+ in a major Series A round of funding. Representing one of the largest Nordic Series A rounds, KNL has been in stealth mode for the past four years developing a new wireless communications system able to provide IP communication even to the most extreme and isolated locations on Earth.
eQ Asset Management held a record final closing of 160 million euros for the Northern Europe focused eQ PE VIII North Fund. In a very fast fund raising cycle, the fund held first closing in February 2016.
The Federation of Finnish Technology Industries, Technology Industries of Finland Centennial Foundation and nine other technical and technology sector foundations and associations (a.ka. TSR Cooperation) have chosen eQ to manage a joint Special Investment Fund investing in Northern European and US private equity funds. The estimated size of the Fund is close to 80 million euros.
CapMan Buyout strengthens its Nordic team by recruiting Johan Pålsson as Partner starting from November 2016. Johan joins CapMan from the listed private equity company Ratos and has extensive experience from both transactions and transforming businesses in the Nordic countries and internationally. The recruitment will further strengthen CapMan Buyout's portfolio and value creation capabilities in the Nordics.
Verto Analytics, the world’s first single-source audience measurement company, has raised a €14.5m growth investment. The investment consortium was headed by EQT Ventures, Finnish Industry Investment and the VisionPlus Fund. The round also included Conor Venture Partners and Open Ocean Capital, who were both investors in the company’s earlier seed rounds, too. Verto operates in the fast-growing market for cross-device audience measurement, having launched its first services in 2014 in the US.
01.06.2016 CapMan exits Samsa to Attendo
Funds managed by CapMan have agreed to sell their holdings in Sweden-based Samsa AB to the leading Nordic care company Attendo. The transaction is expected to close on 1 July 2016.
CapMan Credit becomes Nest Capital and announces the 100 million first close of its new fund. Nest Capital is an independent investment partnership within the CapMan Group.
Kamux Group was selected as the winner of the annual Growth Builder of the Year Award organized by the Finnish Venture Capital Association (FVCA). Growth Builder of the Year is a competition searching for the most interesting and inspiring growth story built together with a private equity investor. Kamux was chosen as the winner among 700 companies.
The CapMan Buyout X fund has agreed to sell the majority holding in Värmelux Oy – the parent company of Suomen Lämpöikkuna Oy – to Inwido AB (publ). This is the first exit of the CapMan Buyout X fund.
Pia Kåll has been appointed Partner of CapMan Buyout starting from 1 June 2016. She joins CapMan Buyout from Outotec, where she has gained extensive management and operational experience, and from McKinsey&Company. The appointment strengthens CapMan Buyout’s Nordic team and supports the execution of the value creation agenda of the current portfolio.
Scala Fund Advisory offers private equity advisory services globally to best-in-class private equity fund managers and institutional investors in the asset class. Scala is an independent partnership of private equity fund manager CapMan.
A fund managed by the private equity company Sentica Partners has acquired majority stakes in three specialized infrastructure construction companies: Kanta-Kaivu Oy, Cendigo Oy and Kallionporaus Arto Soininen Oy. The transaction brings the companies under one parent entity. Key individuals from each company will remain with the new Group as significant minority owners.
Sponsor Capital and the management of Kymppi Group Oy (“Company”) will acquire the whole share capital of the Company. The sellers comprise the founder Eero Koskelainen together with his family and Hannu Koret. Key employees Johanna and Janne Koskelainen as well as Hannu Koret will reinvest in the new Company with an approximately 40% ownership share.
14.07.2015 CapMan sells their holding in Silex
Funds managed by CapMan have sold their holding in Silex Microsystems AB, an independent MEMS (Micro Electro Mechanical Systems) foundry to a Hong Kong based investment holding company. The transaction has a positive impact on CapMan Group’s result for 2015 through a total of approx. EUR 1.5 million in carried interest income (net) and fair value changes. The cash flow contribution of the transaction is approx. EUR 2 million.