Nordic M&A News
May 31, 2018

- Denmark -

Catacap raises billions for new fund (Borsen)

The Danish private equity fund, Catacap, has been buying aggressively in recent years but has not yet sold one of its current portfolio companies. Nevertheless, investors are ready to invest in Catacap for even more acquisitions. "Both investors and the wondering world are waiting to see that we can make a successful exit. But we have managed to pick up DKK 1.2bn initially for our Fund II and we are hopefully raising this amount significantly in the final round" says Vilhelm Hahn-Petersen, founding partner in Catacap

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Egmont acquires Avalanche Studios for DKK 660m (Borsen)Nordisk Film and the company's owner, the media group Egmont, now take a big leap into the gaming industry in search of a new global growth adventure. Egmont now acquires full ownership of the Swedish game developer and online gaming company Avalanche Studios for DKK 660m. In April 2017, Nordisk Film bought the first 20 percent of Avalanche Studios for EUR 10m and now it is in agreement with both the top directors of Nordisk Film and Avalache Studios.

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- Sweden -

Skanska divests commercial properties for approximately SEK 340m (Cision)

Skanska has sold two commercial properties in Gothenburg and Mölndal for approximately SEK 340m. Buyer is an investment consortium made up of the NRP. Wilfast has assisted the buyer and will manage the portfolio. The sale will be posted by Skanska Commercial Development Nordic in the second quarter of 2018. Access to the properties is scheduled for June 2018.

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Sagax invests SEK 400m in property in Stockholm (Cision)

Sagax has decided to build the company's property Stockholm Gjutmästaren 8, located in Ulvsunda industrial area in Bromma, with approximately 19,000 square meters of rentable area consisting of warehouse and business premises with associated offices and garages. The investment is estimated at approximately SEK 400m. Construction is expected to commence in the third quarter of 2018 and last for approximately 2.5 years. The premises, which are fully rented, are expected to be completed in the fourth quarter of 2020. 

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- Norway -

Kolonial looking for investors (DN)

Fast-growing food supplier Kolonial has lost more than NOK 2m a week. The brokerage houses SEB and Arctic now map the interest of potential investors who can spend more money in the e-commerce store Kolonial. The company has had a strong growth in the sale of groceries online for several years, but has always been dependent on ongoing grants from investors to cover the losses. As late as January, Kolonial was awarded NOK 200m from the Rasmussen group. This is basically a loan that can be converted into equity, which can increase the ownership interest to 30 percent of the shares.

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- Finland -

No news to report

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Prepared by Oliver Jacobsen