Nordic M&A News
March 23, 2018

- Denmark -

NMD Pharma raises DKK 280m (Borsen)

Danish NMD Pharma does not have a product in development, yet has acquired DKK 280m from Novo Holdings, Lundbeckfonden, Swiss Roche Venture Fund and the Dutch venture fund Inkef Capital. It is the largest investment round in Scandinavia for such a young biotech company since the beginning of the millennium. "It is a great strength for our company that we get this backing and it gives us some peace of mind that we have the money to go forward" says CEO and co-founder Thomas Holm Pedersen. The company has discovered a method to strengthen communication between nerve and muscle so that muscle strength can be restored in muscular patients.

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Ontame acquires new capital injection (Borsen)

The two year old company has already raised millions from investor Magnus Kjøller and the venture fund Preseed Ventures. Now the latter together with Vækstfonden, who puts a loan, injectes DKK 5m in Ontame, which makes recruitment solutions. “We must take advantage of the momentum in our market. Therefore, we raised capital for us to invest in the product and reach out to new markets. The plan is to push our growth, so that we in one and a half year can earn an even bigger capital round" says Martin Stockfleth Larsen, CEO of Ontame.

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- Sweden -

Aggregate Media invests SEK 11m in Brocc (Realtid)

The marketing company Aggregate Media invests SEK 11m in Brocc. As part of the collaboration, Aggregate will also help Brocc to roll out its advertising campaign. Brocc is a fintech company in peer-to-peer lending that allows individuals to lend money to other individuals through an online-based platform. "Brooc is an innovative and transparent service that gives both small savings and institutions access to an attractive opportunity for interest-bearing investments. The P2P economy is interesting in general and in terms of financial services in particular. Here is going to happen a lot in the future and Brocc is well positioned to lead that development" says Fredrik Wincrantz, Investment Manager at Aggragate Media.

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Latour sells Kabona to Nordomatic (Realtid)

Investment AB Latour has divested Kabona AB to Nordomatic AB through the Latour Industries business area, according to a press release. Latour writes that the transfer is a consequence of Latour's long-term renegotiation of investments in companies with clear product ownership and opportunities for internationalization. "We are pleased that Kabona gets a new home in Nordomatic, thereby getting a committed owner and becoming part of the Nordic region's largest independent property automation partner" says Björn Lenander, CEO of Latour Industries.

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- Norway -

HitecVision continues to invest (Dagens Naeringsliv)

Norwegian HitecVision has built Norway's largest family of acquisition funds. At the turn of the year, the company was advisor for five funds with a total of around NOK 44bn in total assets. All funds had positive earnings growth last year. It was especially in the area where oil companies are included, where HitecVision was able to exploit the market decline. "Market conditions in the oil industry have been improving in 2017. The industry has undergone profound rationalization in recent years, while rising oil prices have contributed to better earnings for the oil companies” the board writes in its annual report. In early March, HitecVision acquired the Mongstad supply base for around NOK 4m. Almost at the same time it became known that HitecVision-owned Riserquip bought the family business Karsten Moholt as.

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- Finland -

No news to report

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Prepared by Oliver Jacobsen