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KPMG Nordic Private Equity Data Snapshot, June 2019

KPMG Nordic Private Equity Data Snapshot, June 2019

Positive tone in the Nordic deal environment continues

Positive tone in the Nordic deal environment continues

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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

Deal activity continued on a growth path in the Nordics, as May turned out to be the third consecutive month of growing deal volume. The last three months deal amount saw growth both in Finland and in the Nordics for the first time in 2019.

In May, the deal activity was increasing in Norway and Finland compared to the rather slow deal activity level in both countries during the Q1 of 2019. The deal activity in Sweden and Denmark remained stable.

Monthly Nordic Buyout and VC deal volume

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Fundraisings

Saga Private Equity, the Copenhagen-based fund-of-fund firm set up by former Danske Bank managers last year, held the final close for its newest fund, raising €600M. The new fund, Saga VII, will invest in buyout funds in the micro, small and mid-market segments in Europe and North America. The fund will also invest in secondaries and co-investments.

Monthly Nordic Buyout and VC deal volume

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Deal picks of the month

Kodit.io, a developer of an online platform for real estate properties, raised €12M of venture funding from Schibsted, FJ Labs and All Iron Ventures on May 23, 2019. The funds will be used for expansion in Europe.

Sponsor Capital and Plastiroll management shareholders sold 100% of shares of Plastiroll Oy to Walki Group on May 22, 2019. Plastiroll is one of Europe’s leading producers of biodegradable bags and films, with a turnover around €30M.

Norled, a Norwegian ferry operator, entered into a definitive agreement to be acquired by CBRE Caledon and CapMan through an LBO on May 20, 2019. The transaction is subject to regulatory approvals. Norled’s revenue in 2018 was €253M.

Wirepas raised €14.4M of venture funding from KPN Ventures, Finnish Industry Investment and Inventure on May 14, 2019. The funds will be used to continue to expand product development efforts and business reach. Wirepas provides wireless communication services designed to connect, locate and identify machines and assets.

Sentica Partners announced on May 7, 2019 the acquisition of 55% stake of Picnic Group, Swanljung family remaining as a substantial minority owners with a 44% stake. In 2018 the Group’s revenues exceed €30M.