Finland

Private equity and venture capital news from Finland

More articles

• Finnish pan-European FoF in €97m first close 04 Mar 2010. Source: AltAssets. Pohjola Private Equity Funds, a Finland-based fund of funds investing across Europe, has held the first close of its latest vehicle, Selected Private Equity Funds II, on €97m.

• Finnish Industry Investment commits €10m to DFJ Esprit 22 Feb 2010. Source: AltAssets. Government-backed Finnish Industry Investment has made a €10m commitment to DFJ Esprit Capital III, with the cross-stage venture fund expecting the Nordic countries to be a strong area of focus.

• CapMan sells men's suit maker Turo Tailor to management 15 Feb 2010. Source: AltAssets. CapMan, a listed private equity firm headquartered in Helsinki, has agreed to sell its majority stake in Turo Tailor, the Nordic region’s largest producer of men's suits, to the company’s management.

• Scope steps in to €7m insole company investment 04 Feb 2010. Source: AltAssets. Swedish private equity company has invested €7m into Footbalance System, a Finnish producer of customised insoles.

• Nordic PE firm Eqvitec Partners’ mezz unit spins out 03 Feb 2010. Source: AltAssets. Nordic private equity firm Eqvitec Partners has spun out its mezzanine operations as it moves to realign its focus on equity-based growth investments. The previous management will now operate under the banner Armada Mezzanine Capital.

• Nordic PE firm CapMan selects new CFO 28 Jan 2010. Source: AltAssets. CapMan, a Nordic listed private equity firm, has appointed a new CFO following the resignation of Kaisa Arovaara at the end of last year.

• Nordic Mezzanine raises €320m 22 Jan 2010. Source: AltAssets. Nordic Mezzanine has closed Nordic Mezzanine Fund III on €320m, making the fund more than 30 per cent bigger than its predecessor.

• 3i sells stake in Finnish telecoms operator 18 Dec 2009. Source: AltAssets. UK private equity firm 3i has sold its stake in Finnish telecommunications company DNA. The 13 per cent interest was taken up by fellow Finnish telecoms groups Lännen Teletieto Oy and Oulun Puhelin, as well as the Ilmarinen Mutual Pension Insurance Company.

• CapMan invests in Profit and Proffice 16 Dec 2009. Source: AltAssets. Russia and Nordic country-focused alternative asset manager CapMan has invested in Nordic staffing company Proffice and Profit Software, a provider of IT insurance solutions to Northern Europe.

• Nordic PE firm CapMan’s CFO resigns 02 Nov 2009. Source: AltAssets. CapMan’s CFO Kaisa Arovaara will resign from the Nordic private equity firm as of the beginning of next year.

• Nordic private equity firm CapMan hires Pöyry executive as an advisor 30 Sep 2009. Source: AltAssets. CapMan, a Nordic private equity firm listed on the Helsinki Stock Exchange, will take on Teuvo Salminen as an advisor at the beginning of 2010. Salminen is the deputy to the president and CEO of consulting and engineering group Pöyry.

• Finnish fund of funds manager Pohjola closes mezzanine fund over target at €102m 25 Sep 2009. Source: AltAssets. Finnish pan-European private equity fund of funds manager Pohjola Private Equity Funds has announced the final closing of its Selected Mezzanine Funds I (SMF I). In all, 16 investors made capital investments totalling €102m, exceeding the target size of the fund.

• Scandinavian private equity house Procuritas closes fourth fund on €139m. 14 Sep 2009. Source: AltAssets. Scandinavian private equity house Procuritas has closed its Procuritas Capital Investors IV fund on €139m.

• Nordic private equity firm CapMan shuffles senior management 03 Sep 2009. Source: AltAssets. CapMan, a Nordic private equity firm listed on the Helsinki Stock Exchange, has made a senior management shuffle, which includes the appointment of senior partner and head of investor services Jerome Bouix as deputy CEO.

• Finnish firm Sentica Partners beats fundraising target with €113m in commitments 19 Aug 2009. Source: AltAssets. Sentica Partners, a Finnish private equity firm, has completed a €113m closing on its latest lower-mid-market-focused buy-out fund, exceeding its target of €100m.

• Direct secondaries fund Verdane Capital VII sees €9.7m commitment 01 Jun 2009. Source: AltAssets. Finnish Industry Investment, a government-owned investment company that invests the proceeds accrued from the privatisation of state-owned companies, has made a €9.7m commitment to Verdane Capital VII. The secondaries fund buys portfolios of direct investments in the Nordic region from other investors.

• Finnish private equity firm Amanda Capital sells €20m in commitments on secondary market 19 May 2009. Source: AltAssets. Amanda Capital, a Finnish private equity firm, has sold a €15m commitment to the Amanda IV West private equity fund of funds, and a €5m commitment to MB Equity Fund IV to institutional investors.

• Sentica Partners’ small-cap operation spins out 11 May 2009. Source: AltAssets. Sentica Partners, a Finnish private equity firm, has demerged into two separate companies. Sentica Partners will focus purely on buy-out investments in lower mid-market companies. The firm is selling its small-cap business area to key management who will continue the operation as Canelco Capital, focusing on MBO and MBI transactions in small and medium-sized companies.

• CapMan acquires remaining 49 per cent of Russian private equity house Norum 22 Apr 2009. CapMan, the Nordic alternative assets manager, has acquired the remaining 49 per cent of Norum, a Russian private equity house, for around €3.6m.

• Finnish firm Sentica holds €50m first closing on new lower mid-market buy-out fund 26 Nov 2008. Source: AltAssets. Finnish private equity firm Sentica Partners has held a €50m first closing on its third fund, Sentica Buyout III. The fund will target lower mid-market buy-outs and has a target of €100m.

• Finland's Pohjola holds first closing on mezzanine fund of funds 17 Oct 2008. Source: AltAssets. Finnish private equity fund of funds manager Pohjola Private Equity Funds has held a €70m first closing on its second fund of funds, Selected Mezzanine Funds I. The new fund, with a hard cap of €150m, will invest in the European mezzanine market, both through funds and also direct co-investments.

• Jouni Hakala, Heli Kukko, Kati Ojaluoma join Finnish Industry Investments 01 Sep 2008. Source: AltAssets. Government-owned investment business Finnish Industry Investments has hired Kati Ojaluoma, formerly a portfolio manager at PensionDanmark, as investment manager in the firm's fund investments team, with Jouni Hakala heading that team. Hakala has joined the firm as director and also a member of the firm's Management Group. Heli Kukko has been hired as investment manager in the direct growth investments team.

• Amanda Capital CEO Petteri Änkilä to step down 21 Aug 2008. Source: AltAssets. Petteri Änkilä, the CEO of Finnish private equity firm Amanda Capital, is to step down. The firm's CFO, Petter Hoffström, will serve as acting CEO, the firm said.