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• 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.

• Finnish firm Amanda Capital establishes new fund to invest in listed private equity 03 Apr 2008. Source: AltAssets. Finnish private equity firm Amanda Capital is establishing a new vehicle, Amanda SICAV-SIF - Liquid Private Equity Fund, which will invest globally in listed private equity firms and funds. Amanda Capital itself will invest €5m in the new fund.

• EQT Partners hires Thomas Ramsay to head Finnish operations 18 Mar 2008. Source: AltAssets. Nordic private equity firm EQT Partners has hired Thomas Ramsay as partner and head of EQT Partners in Finland, enabling Udo Philipp, interim head of EQT Equity Finland, to return to his position as partner in Germany.

• 3i, Profita to sell Empower to AAC 22 Nov 2007. Source: AltAssets. 3i and Finnish private equity firm Profita Management's Profita Fund II have agreed to sell their shareholdings in Finnish energy and telecoms service provider Empower to European private equity firm AAC Capital Partners. Financial details of the deal have not been disclosed.

• MB Equity Fund IV closes on €260m 21 Sep 2007. Source: AltAssets. Finnish private equity firm MB Funds has held its first and final closing on its MB Equity Fund IV, a fund focused on MBOs, privatisations and outsourcing projects, on €260m.

• Jari Mieskonen joins Finnish firm Conor Venture Partners as managing partner 16 Aug 2007. Source: AltAssets. Finnish venture capital firm Conor Venture Partners has appointed Jari Mieskonen, a founding partner of Northern European technology-focused venture capital firm Eqvitec Partners, as its new managing partner.

• Inveni Capital holds first closing on Inveni Life Sciences Fund I 13 Jun 2007. Source: AltAssets. New Finnish-German venture capital firm Inveni Capital has held a first closing on its Inveni Life Sciences Fund I. The fund has raised over €20m to date. It is expected to close on between €50 and €70m.

• Industri Kapital sells Eltel Networks to 3i 12 Jun 2007. Source: AltAssets. Telefos, majority owned by Industri Kapital, has agreed to sell Espoo, Finland-headquartered Eltel Networks to 3i. Minority shareholder TeliaSonera has also agreed to sell its shares. The value of the transaction was not disclosed.