A fantastic take-off for 2018 in the Nordic market

Argentum’s market report for the Nordic private equity market in Q1 2018 is now published. The year had a strong first quarter with exceptionally high investment activity and strong fundraising.

Download the full report: Number Crunch Q1 2018

Buyout and venture funds invested 3.6 billion euros in Nordic companies and the amount is all time high for a first quarter. The last quarter of 2017 saw equally high investment activity and Nordic companies have received a total of 7.4 billion euros over the last two quarters.

The first quarter of 2018 also set records for deal size and fundraising. The acquisition of Nets became the largest ever buyout transaction in the Nordic region and the Swedish fund EQT VIII became the largest Nordic fund with commitments of more than ten billion euros.

Some key takeaways from the Nordic private equity scene:

  • The buyout segment invested 3.4 billion euros in Nordic companies in the first quarter. Together with Q4 2017, Q1 2018 is the first quarter which has exceeded three billion euros in invested amount.
  • 71 venture investments were made in the quarter with invested capital reaching 199 million euros. The technology sector accounted for more than half of the investments, followed by the health care and life sciences sector.
  • In February, the acquisition of Danish Nets – one of Northern Europe’s largest electronic payment service providers – was completed. Hellman & Friedman was the lead investor in a consortium that offered 4.4 billion euros for the company.
  • The Swedish fund manager EQT set a new Nordic record when they closed their EQT VIII fund with commitments of 10.75 billion euros. Nordic Capital closed the second largest fund in the period with commitments of 4.3 billion euros for the fund Nordic Capital IX.