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KPMG Nordic Private Equity Data Snapshot, May 2019

KPMG Nordic Private Equity Data Snapshot, May 2019

Spring awakening in the PE deal activity

Spring awakening in the PE deal activity

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

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Deal activity

After a quiet first quartile, April come across as a turnaround month in Finland and the monthly deal volume rebounded close to the previous year’s average levels. However, the three month rolling activity is still lagging the preceding period.

On the Nordic level, the trend has been similar as in Finland, but the trend seems to have turned already in March. Mounting levels of dry powder, constant competition for deals and continued low interest rate environment should support the deal activity level going forward.

Monthly Nordic Buyout and VC deal volume

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Fundraisings

Swedish Fairpoint Capital announced the launch of its first fund, securing SEK 900m in total for investments in B2B Technology mainly in the Nordic region. The Fund focuses on early growth stage technology companies. SEB is the cornerstone investor in the fund, other investors consisting of Nordic institutions. 

Copenhagen and San Francisco-based early-stage venture capital firm, byFounders launched its initial fund of EUR 100m. The company plans to support the next generation of Nordic and Baltic tech startups to scale up and expand globally. The fund’s sweet spot is seed, and Series A rounds.

Monthly Nordic Buyout and VC deal volume

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Deal picks of the month

Mehiläinen announced the acquisition of Pohjola Health's occupational health services business, via its financial sponsors CVC Capital Partners and Varma Mutual Pension Insurance Company through an LBO on April 24 for an undisclosed sum.

Francisco Partners has signed an agreement to acquire Scandinavian software company, EG for DKK 3.7bn. The deal marks the exit for Axcel IV, who acquired the company from Nordic Capital in 2013 for DKK 1.19bn. EG is a software company providing proprietary software solutions.

Dellner Couplers, a Swedish locomotive parts manufacturer, entered into a definitive agreement to be acquired by EQT through a SEK 7.5bn LBO on April 15.