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Nordic deal volume in April declined towards the LTM average from the March peak activity level

KPMG Nordic Private Equity Data Snapshot, May 2021

KPMG Nordic Private Equity Data Snapshot, May 2021

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

Deal activity

  • Late-entry deals into the databases raised March clearly as the busiest month in terms of the Nordic overall PE deal volume. Compared to March, the deal activity in April was lower, although still above the last twelve month monthly average level of around 130 deals. On a country comparison, the deal volumes declined in each Nordic country in April.
  • The 3-month rolling deal figure in April, 112%, was roughly in line with the March level of 110%, depicting growth for the Nordic aggregate deals compared to the previous period.
  • In Finland the 3-month rolling deal figure came to 93%, accelerating modestly from the March level, thanks to the highest monthly deal volume in March (31). The number of deals in April, 15, was the lowest since July 2020.
Monthly Nordic Buyout and VC deal volume
buyout and vc deal volume

Fundraisings

  • Icebreaker.vc, Finnish venture capital firm that backs “pre-founders” and pre-seed to seed-stage startups, closed its second fund at EUR 100M and raised a separate EUR 20M that will be used to continue investments in existing portfolio companies. Icebreaker typically invests EUR 150-800k in teams that have “deep domain expertise” and are building globally competitive tech companies.
  • IPR.VC announced that it has raised a total of EUR 65M at the final closing of its second fund IPR.VC Fund II. The Fund invests in film and TV in European and Northern American companies and production slates. The investments are done with selected strategic partners including growing film and TV studios, distribution partners, and content immaterial rights developers.
Monthly Nordic Buyout and VC deal volume
 buyout and vc deal volume

*) Numbers represents the number of deals per country and the bar the country’s share of the Nordic aggregate deal volume

Deal picks of the month

  • BlueFors, a leading manufacturer of cryogenic measurement systems used e.g. in quantum computers, formed a long-term  partnership with DevCo Partners in which DevCo becomes a co-owner of Bluefors. Bluefors, founded in 2008, is headquartered in Helsinki and generated revenue of EUR 82M in 2020 based on preliminary figures.
  • Yousician, an interactive music platform, raised EUR 23M in series B funding for its platforms – Yousician and GuitarTuna. Company’s platforms are used by 20 million people around the world each month and it reached a total revenue of EUR 41M in 2020.
  • MB Funds invested in LähiRahoitus, a leading  provider of factoring services for Finnish SME companies. LähiRahoitus, established in 2014, has had strong growth during the past years and generated net sales of EUR 7.5m in 2020.

Private Equity Data Snapshot compiles monthly deal volume data from Finland and the Nordics. Read our older Private Equity Data Snapshots.

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