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KPMG Nordic Private Equity Data Snapshot, April 2019

KPMG Nordic Private Equity Data Snapshot, April 2019

Capital continues to flow to funds; deal volumes are on a downward trend.

Capital continues to flow to funds; deal volumes are on a downward trend.

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Last 3 months Nordic and Finnish Buyout and VC deal activity compared to preceding 3 months

finnish buyout and vc deal activity

Deal activity

The statistics show low deal activity for Finnish Buyout and VC deals during the first quarter of 2019. Likewise, Nordic Buyout and VC deal activity had a somewhat slower start than in the previous 3 months and the previous year.

The March 2019 deal volume in the Nordics remains at the same level as in February. The declining trend in overall deal volumes began at the end of 2018, but seems to have stalled thanks to VC deals.

Monthly Nordic Buyout and VC deal volume

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Fundraisings

The EQT Infrastructure IV fund held its first and final close at a EUR 9 bn hard cap after six months of fundraising on March 12. The majority of the commitments were made by investors in the predecessor fund, EQT Infrastructure III, which closed at its EUR 4 bn hard cap in February 2017. The fund will primarily pursue investment opportunities in Europe and North America, and may take advantage of promising opportunities in Asia-Pacific.

Copenhagen-based VC firm, The Nordic Web Ventures, raised its second fund to invest in pre-seed and seed-stage startups across the Nordics. The exact size of the fund has not been disclosed, but the firm plans to make some 20 investments over the next 1.5–2 years, with an average ticket of $50,000 to $75,000.

Monthly Nordic Buyout and VC deal volume

nordic buyout and vc deal volume

Deal picks of the month

Providence Equity Partners announced on March 8th it has acquired OpusCapita Solutions Oy from the Posti Group. The transaction price was not disclosed. According to Posti, the divestment is in line with the Group’s strategy to focus on Postal, Parcel & E-commerce and Logistics services.

CVC reacquired and delisted Swedish HVAC products and tools distributor Ahlsell with a cash offer of SEK 55, valuing the shares not already directly or indirectly owned by CVC at SEK 17.97bn.

Singapore-headquartered private equity firm Temasek acquired a 30% stake in Denmark-based chemicals specialist Haldor Topsoe from the Topsøe family, who will retain the majority holding. Nordic Capital acquired IT security and infrastructure service company Conscia in a secondary buyout from Axcel Management.