Argentum analyses the state of Nordic private equity

Photo: Ilja C. Hendel

Argentum’s new market report shows that private equity is well-suited for uncertain times where businesses need to turn around fast, limit lay-offs and financial losses, and see opportunities amidst the challenges.

Read the State of the Nordic Private Equity 2020  

As for the rest of the world, 2020 was unusual also for players within Nordic private equity. However, although uncommon and different, it is also fair to say that our market segment saw possibilities amidst the challenges caused by the pandemic.  

Last year, there was a recordhigh number of venture capital deals in the Nordic region, and the invested amount increased for the third straight year. Over half of all venture deals were directed to technology companies, as tech-enabled services were popular during the pandemic. Besides, there was a 40 per cent increase in health care and life sciences deals. The pandemic has highlighted the importance of biotech and innovative health solutions, and fund managers regard the industry as attractive. Read more about the findings in the venture segment here 

In the buyout segment, investors flocked to companies that were not too affected by the pandemic. Technology companies attracted 39 per cent of all deals, making it the largest sector for the first time in Argentum’s tracking of the market. Read our interview with Eivind Roald, head of QNTM Group set up by Altor, which aims to create Europe’s largest ecosystem of ICT companies. Fundraising in the buyout segment reached new heights during the pandemic, raising €26 billion in total. Read more about the buyout segment here. 

We have also interviewed companies about how they were affected by the pandemic. For example, Confrerea Norwegian provider of video consultation software to doctors, experienced massive growth from March to May last year. You can read our extended interview with CEO at Confrere, Svein Yngvar Willassen, here. Further on, Trondheim-based Signicat creates software for digital identity management and electronic signatures, making us able to make payments and log on to public services smoothly. This has been integral during the pandemic when we have needed to live our lives digitally. Read more about them here. 

Argentum Asset Management

Argentum is one of the leading fund investors in Northern Europe, with an investment portfolio that comprises more than 180 private equity funds. The core field of expertise is the evaluation and selection of private equity funds and fund managers. In addition to investing in newly established private equity funds, the operations include investments in private equity funds through the secondary market and co-investments with private equity funds in Argentum’s portfolio.

About the report

For the third time, Argentum has produced The State of Nordic Private Equity. In the report, Argentum makes in-depth analyses of sectors, segments, and deals that stood out during the previous year, compare the development in the Nordic countries and interview some of the region’s key players. In the 2020 report, the pandemic will be the highlighted subject. Argentum has tracked analysed the Nordic private equity market since 2008.