Nordic M&A News
April 13, 2018

- Denmark -

Nordic Eye raises DKK 150m (Borsen)

A large number of stakeholders inject a total of DKK 150m in the only one-and-a-half-year venture fund Nordic Eye, founded by serial entrepreneurs Peter Warnøe and Lars Tvede. Among the new investors are one of the heaviest boys in the Danish finance world, top manager and co-owner of Maj Invest, Jeppe Christiansen, who brings millions to Nordic Eye from his private money.

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Leo Pharma invests USD 0.5m in Microbiome technology (Borsen)

The medical company Leo Pharma invests USD 0.5m in the American company Naked Biome, which develops treatments for skin diseases. As part of the agreement, Leo Pharma will be part of the Naked Biome Advisory Board focusing on counseling in clinical plans and formulation development, according to the press release.

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- Sweden -

Spotify acquires Loudr (Vafinans)

The Spotify music company, which was listed last week, has bought Loudr. Loudr works to make it easier for music services to identify songs and rights holders. The purchase price is still unknown, writes Breakit. "What Loudr has built is more than just a smart and easy way for artists to get their mechanical licenses: it's true music industry innovation" wrote Adam Parness, Spotify Director in a blog post.

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Superfruit acquires Paleo Nordic (Vafinans)

Superfruit acquires Paleo Nordic with the brand Kleen Sports Nutrition. Paleo Nordic has an approximately turnover of  SEK 4m, products from more than 400 dealers in Sweden which are mainly focused on healthy energy bars. Superfruit finances the acquisition through existing liquidity in combination with one non-cash contribution.

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- Norway -

IAG weighs takeover offer for Norwegian Air shuttle (Dagens Naeringsliv)

British Airways owner International Airlines Group is eyeing a takeover offer for Norwegian Air Shuttle after snapping up a 4.6 percent. According to Bloomberg, a bid from IAG will probably value Norwegian to USD 3bn including debt. Norwegian said there had been no talks and that it only found out about IAG’s purchase from the media.

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- Finland -

No news to report

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Prepared by Oliver Jacobsen