- Denmark -
Orsted to acquire Lincoln Clean Energy from I Squared Capital (Borsen)
Danish Energy company, Orsted has entered into an agreement on Thursday with I Squared Capital and management shareholders to acquire a 100 percent equity stake in Lincoln Clean Energy LLC (LCE) for an enterprise valuation of USD 580m. LCE is a leading U.S. based developer, owner andoperator of wind farms.
- Sweden -
Game Lounge to establish operations in North America (Cision)
The affiliate company Game Lounge, a subsidiary of Cherry AB, will establish operations in New Jersey, US, following the acquisition of the premium domain name BetNJ.com, targeting sports betting and casino in the state. In addition, Game Lounge has acquired the Mexican domain OnlineCasino.mx. Game Lounge continues its strategy to complement the organic expansion of the business with targeted acquisitions.
- Norway -
Province Equity Partners invests in Norway’s Øyafestivalen (E24)
The American private equity firm Province Equity Partners has acquired a majority stake in Øyafestivalen through its portfolio company Superstruct Entertainment. Øyafestivalen, one of the biggest festivals in Norway and will be the fourth added festival brand to Superstruct’s expanding roster of European events. The bottom line of the Øyafestivalen fell to NOK 1.90m in 2017, from NOK 2.81m the year before. The purchase price and exact stake size are currently unknown.
- Finland -
Danish Agro completes acquisition of Kesko Spin-offs (Talouselama)
Danish Agro has completed a deal with the Finnish company Kesko regarding the acquisition of the remaining 55% of the shareholding in its three Baltic machinery companies. At the same time, Danish Agro will take over Keskos Finnish machinery activities. The three Baltic companies have around 260 people employed where the total turnover in 2017 was EUR 134m with an operating profit of EUR 4.8m. The turnover of the acquired Finnish activities is about EUR 30m per year with approx. 40 employees.