Somewhat slower start for the new year in the Nordic PE market after the extremely busy 2021

KPMG Nordic Private Equity Data Snapshot, February 2022

KPMG Nordic Private Equity Data Snapshot, February 2022

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

KPMG Nordic Private Equity Data Snapshot

Deal Activity

  • After the highly active last tertile of the 2021, the Nordic PE deal volumes declined in January to close to the levels last time seen during the summer months of 2021 that were also the lowest for the whole year.
  • Both Nordic and Finnish PE deals speedometer for the last three months still pointed out growth with figures of 101% and 108% respectively. However this is a result of vivid deal activity in December and November.
  • In a country comparison, the Swedish and Finnish deals declined the most in January compared to December, where as the Norwegian and Danish markets held up high. Comparing the buyout and venture capital deals on the Nordic level, the decline was significantly steeper in the buyout deals.

Monthly Nordic Buyout and VC deal volume

KPMG Nordic Private Equity Data Snapshot

Fundraisings

  • Verdane announced that it has held a final close at its hard cap of EUR 300M on Verdane Idun I, an impact focused fund investing in technology-enabled businesses based out of Europe. The Fund is classified as “Article 9” under the European Union’s Finance Disclosure Regulation.
  • Nordia Management, a Finnish growth investor focusing in  health care, wellbeing, leisure & travel SMEs, has launched a new growth fund. The fund is still open for investors and the target size is EUR 15M.

Monthly Nordic Buyout and VC deal volume

KPMG Nordic Private Equity Data Snapshot

*) 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

  • Naava.io, a world leader in green walls that produce outdoor air for indoor environments, announced an investment round of EUR 7M, led by Stockholm-based Nidoco AB (a subsidiary of Virala Oy Ab), and joined by i.a. Tesi, Butterfly Ventures, and private investors.
  • Emberion, a leader in the development of high-performance short-wave infrared (SWIR) imaging using nanomaterials, has raised EUR 6M in funding from Nidoco AB, Tesi and Verso Capital.
  • Verdane’s portfolio company Clausion, a Finnish software, continued its growth by acquiring Tabella, a cloud-based financial planning software company. Clausion is an independent and experienced growth company offering cloud-based corporate performance management solutions.

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