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Record-breaking deal volumes in June followed by vivid July

KPMG Nordic Private Equity Data Snapshot, August 2021

KPMG Nordic Private Equity Data Snapshot, August 2021

Deal activity
Deal activity

Deal activity

  • While KPMG Nordic Private Equity Snapshot was on summer holiday, the Nordic PE market was not, as the overall deal volume reached a record-breaking level in June. In July the volume declined due to the summer holiday season. However, the July deal volume was still higher than last year and in July 2019.
  • On a country comparison, Sweden and Finland hit record deal figures in June, returning to the level reached in July a year before. The Danish market was very active in July compared to the July 2020 level. 
  • The 3-month rolling Nordic deal figure in July was 104% as a result of the record level of deals in June, despite the summer holiday month July is included in the current 3-month period. The same explanation goes for Finland as well, where the rolling deal figure was even higher at 140%.

 

Monthly Nordic Buyout and VC deal volume
Monthly Nordic Buyout and VC deal volume

Fundraisings

  • Intera Partners announced in June  the closing of its fourth fund. The Intera IV Fund was oversubscribed and closed at EUR 335M. Intera received strong support from its existing investor base alongside substantial new commitments from European investors, further internationalizing the investor base. The focus of the fund will be in Finnish investments with emphasis on service sectors, but it will also target selected Swedish investment opportunities.
Monthly Nordic Buyout and VC deal volume
Monthly Nordic 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

  • Leading Nordic super premium ice cream manufacturer 3 Friends (3 Kaverin Jäätelö), founded in 2012, partnered with Sentica Partners to accelerate growth in Northern Europe. Company’s ice cream tubs and sticks are being sold in over 5,000 stores in Sweden and Finland, generating over EUR 10M in revenue.
  • Aiforia, a software company providing AI-based solutions for clinical and preclinical image analysis in pathology, closed the first EUR 12.6M tranche of their Series B round. The funding round has the potential to reach EUR 25.2M if investors exercise the optional second tranche. Aiforia’s cloud-based software currently has over 3,000 users in more than 50 countries.
  • Fysios, the largest private physiotherapy company in Finland, will become part of Mehiläinen through a share transaction signed in July together with the current owner Vaaka Partners. Vaaka Partners acquired Fysios in 2015 after which the company has grown rapidly, reaching a pro-forma revenue of EUR 39M in 2020.

 

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