Invest-IQ | Private Equity News – Europe

Litorina IV is acquiring the majority shareholding in Fiskarhedenvillan Group, one of Sweden’s leading suppliers of one-family houses. The current majority owner, Polaris Private Equity, is selling all its shares, while the company’s management is remaining as joint owner. No financial details were disclosed. Related Links: Press Release:  Litorina acquires Fiskarhedenvillan Investor: Litorina  Target: Fiskarhedenvillan Group  

Through a newly formed holding company, Priveq Investment Fund IV L.P. (”Priveq Fund”) becomes the new majority owner of Smoke Free Systems, one of the world leading niche players for protection from passive smoking, with a turnover of SEK 200 m. Dan Pitulia, former CEO of Carmel Pharma, previously co-owned by Priveq Investment, invests jointly with Priveq Fund and [...]

KBC Private Equity, the PE arm of the Belgian bank KBC Group, has sold its investment in high-speed door maker Dynaco to Swedish door solutions company Assa Abloy – a global leader in Industrial roll-up doors. The deal is estimated between EUR 75 million and EUR 125 million and is expected to close by H1, [...]

Swedish private equity firm EQT is planning to sell Finnish toilet and bath maker Sanitec, a deal that could fetch around 1 billion euros, and has hired UBS to advise on the process, sources familiar with the matter said on Tuesday.     Related Links: Press Release: EQT eyes sale of bath maker Sanitec-sources Investors: [...]

Stockholm-based buy-out firm Altor Equity Partners is looking to sell its stake in Nordic outdoor clothing maker Helly Hansen to potential suitors including Blackstone and Carlyle, in a deal which could fetch more than NOK2bn ($348m). Related Links: Press Release: Blackstone, Carlyle eye $350m Helly Hansen sale Investors: Blackstone Carlyle Target: Helly Hansen

The EQT Opportunity Fund (“EQT Opportunity”) has reached an agreement to sell its shares in German retail chain Strauss Innovation (“Strauss”) to an affiliate of Sun European Partners LLP, the European advisor to Sun Capital Partners, Inc. The minority shareholder, Geringhoff family, will also sell its stake. The value of the transaction is undisclosed. Related [...]

Klarna, an online payments service that lets people shop safely and simply, announced today that it has received $155 million of financing from DST Global and General Atlantic. With the support of its new investors and continuing investor Sequoia Capital, Klarna will use the capital to expand into new geographies, hire more world-class talent and [...]

SCA has decided to form a joint venture partnership for its existing operations in Australasia with the Australian company Pacific Equity Partners (PEP). SCA and PEP Fund IV will each hold 50% of the company. SCA’s operations in Australia, New Zealand and Fiji employ about 1,500 people. In 2010, this business had net sales of [...]

Euromaint has made a strategic decision to focus its business on maintenance for the rail transport sector, and as part of this it has signed an agreement to sell its subsidiary Euromaint Industry to Coor Service Management, for an enterprise value of approximately SEK 100m. Euromaint provides qualified maintenance services for the rail transport industry [...]

Industrifonden and LMK Venture are investing a total of SEK 10 million in Zaplox, which is developing a system to remotely control door locks through a mobile phone. The money will be used to prepare the company for expansion and further develop Zaplox’s products and services based on mobile keys. Zaplox, which was founded in [...]