Denmark

Private equity and venture capital news from Denmark

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• Buy-out firms call in advisers for sale of Danish telecoms group TDC 11 Nov 2009. Source: AltAssets. Buy-out firms Blackstone, KKR, Permira, Apax and Providence Equity Partners are meeting with banks this month to line up a sale of their $7.4bn stake in Danish telecoms group TDC, reports suggest.

• European PE firm EQT to invest in wind turbine manufacturer Skykon 27 Oct 2009. Source: AltAssets. European private equity firm EQT Partners, through its EQT Expansion Capital II fund, has agreed to a three digit million kroner investment in wind turbine company Skykon.  The capital will support its expansion in the industry.

• EQT Partners acquires European hazardous waste company Kommunekemi 23 Oct 2009. Source: AltAssets. Swedish private equity firm EQT Partners has acquired Kommunekemi, a state-owned Danish hazardous waste treatment company. The deal, valued at DKK260m (€34.9m), is made up of 65 per cent equity, with the remainder in bank loans. EQT and the Kommunekemi management will share ownership of the company.

• 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.

• ATP Private Equity Partners to launch fourth fund of funds in Q2 2010 14 Aug 2009. Source: AltAssets. ATP Private Equity Partners, a Danish fund of funds manager, is planning to launch a fourth vehicle in Q2 of next year as a majority of ATP PEP III is already committed.

• Just-Eat completes £10.5m Series A funding 13 Jul 2009. Source: AltAssets. Just-Eat, a European site for ordering meals online, has closed its first institutional financing. European venture capital firm Index Ventures led the £10.5mn round, with Venrex Investment Management and existing shareholders also participating. The capital will be used to consolidate the company’s leadership position in the UK and to expand into additional territories across Europe, the company said.

• Altor Equity Partners takes Pulse Medtech private for $200m 04 Jun 2009. Source: AltAssets. Altor Equity Partners, a Nordic private equity firm, has taken Pulse Medtech private by acquiring it from New York Stock Exchange-listed company Technitrol Inc.

• Danish pension fund ATP to commit $400m to Hudson Clean Energy fund 20 Mar 2009. Source: AltAssets. Danish Pension Fund ATP is to commit up to $400m to a fund managed by US clean energy-focused private equity firm Hudson Clean Energy Partners. Investments will target solar, wind and hydro energy, as well as new forms of energy, such as biofuels and biomass.

• Danske Private Equity holds €600m interim closing on fourth fund of funds 18 Feb 2009. Source: AltAssets. Danske Private Equity, manager of the Danske Private Equity Partners family of funds of funds and part of the Danske Bank Group, has already reached its €600m target for Private Equity Partners IV on its second closing. The fund’s final close is expected to be held by June 2009, the firm said.

• Symphogen raises €33m in fifth-round funding 05 Feb 2009. Source: AltAssets. Danish recombinant polyclonal antibodies developer Symphogen has raised €33m in fifth-round funding led by Essex Woodlands Health Ventures. The financing will be used to develop the company's oncology-focused product pipeline of antibody therapeutics.

• CVC to sell Post Danmark stake back to Danish state 03 Feb 2009. Source: AltAssets. Pan-European buy-out firm CVC Capital Partners will sell its stake in Post Danmark to the Danish state, according to Thomson Merger News.

• EQT, ATP to acquire Danish IT business KMD 03 Dec 2008. Source: AltAssets. EQT and ATP have agreed to acquire all shares in Danish IT solutions provider KMD for DKK2bn (€270m), on a debt-free basis. EQT V will hold 85 per cent and ATP's ATP Private Equity Partners II and Via Venture Partners Fund I will hold 15 per cent of the shares in KMD Holding.

• Doughty Hanson to acquire Danish company Svendborg Brakes for €460m 27 Jun 2008. Source: AltAssets. European private equity firm Doughty Hanson & Co has agreed to acquire 100 per cent of Vejstrup, Denmark-headquartered industrial braking systems supplier Svendborg Brakes from the two founder-owners, Erik Skjaerbaek and Jan Struwe, for €460m.

• Danske PEP IV holds first closing on €521m 30 May 2008. Source: AltAssets. Copenhagen-based fund of funds manager Danske Private Equity has held a first closing on its Danske Private Equity Partners IV fund on €521m. The fund anticipates further closings beyond its initial target of €600m, with a final closing by the end of this year. Danske PEP IV has a hard cap of €800m.

• CVC to back Swedish-Danish post office merger 01 Apr 2008. Source: AltAssets. CVC Capital Partners, the Swedish Ministry of Enterprise, Energy & Communications and the Danish Ministry of Transport have agreed to merge Sweden's Posten and Post Danmark. The merged group, 60 per cent owned by the Swedish state and employees of Posten and 40 per cent owned by CVC, the Danish state and employees of Post Danmark, will have annual revenues of approximately SEK45bn (€4.8bn).

• EQT Partners appoints Peter Korsholm to head Denmark operations 21 Mar 2008. Source: AltAssets. Nordic private equity firm EQT Partners has appointed Peter Korsholm as head of EQT Equity Denmark, leading the firm's Copenhagen office. The appointment comes after former head Ole Anderson decided to step down after five years.

• EQT to sell Contex to Ratos 25 Jul 2007. Source: AltAssets. EQT Danmark and other investors have agreed to sell Contex Holding, a developer, manufacturer and supplier of 2D and 3D digital imaging solutions, to Ratos for approximately $240m. Ratos is acquiring 100 per cent of the Allerød, Denmark-headquartered company.

• Investcorp to acquire Icopal for €850m from investor consortium 15 Jun 2007. Source: AltAssets. Investcorp has agreed to acquire Icopal, a Danish-headquartered manufacturer and provider of roofing products and installation services, for €850m on a debt-free basis. The business will be acquired from a consortium comprised of Danish private equity funds Axcel and Kirkbi, US diversified manufacturing company Carlisle Companies, and Danish corporate bank FIH.

• Jens Bisgaard-Frantzen leaves ATP Private Equity Partners 27 Mar 2007. Source: AltAssets. Managing partner Jens Bisgaard-Frantzen, is leaving Copenhagen, Denmark-based fund of funds manager ATP Private Equity Partners to start a new business within the alternative asset investment market.

• Kaupthing raises £500m for first third-party private equity fund 21 Mar 2007. Source: AltAssets. Iceland's Kaupthing Bank is raising its first third-party private equity fund, Kaupthing Capital Partners II.

• EQT to acquire Danish cancer diagnostics company Dako 28 Feb 2007. Source: AltAssets. EQT has agreed to acquire Glostrup, Denmark-headquartered cancer diagnostics company Dako Denmark for DKK7.25bn (approximately €970m). Dako's current shareholders include the Harboe family (61 per cent) and Novo Nordisk (27 per cent).

• Granville Baird to acquire majority stake in Amoena Group 13 Feb 2007. Source: AltAssets. Granville Baird Capital Partners Advisers has agreed to acquire Raubling, Germany-headquartered Amoena Group in a management buy-out transaction from the Danish medical devices company Coloplast for a purchase price of €102.25m. The current management team of Amoena will acquire a stake in the company alongside the funds advised by Granville Baird.

• 3i and minority shareholders to sell Danish company Damcos for €162m 01 Nov 2006. Source: AltAssets. 3i has agreed to sell its 60 per cent stake in Næstved, Denmark-headquartered Damcos, a supplier to the shipbuilding industry, to Emerson Electric, a technology and manufacturing company. The deal values the company at approximately €162m.