Nordics

Companies based outside this region boosted Nordic issuance to €12.7 billion across 119 deals.

While Sweden’s cut of deal activity shrinks, its easterly neighbor has notched a run of notable transactions, particularly in the IT sector.

VC-backed exit value in the northern European region reached record levels last year, while exit count also increased.

Add-on acquisitions captured over half of deal value in the northern European region last year.

Investors pile into the defensive asset class with €78B raised in Europe last year.

From rare earths and data centers to libertarian free state ambitions—the VC elite have a lot riding on the Arctic island’s fate.

While dealmaking has picked up overall, activity has slowed down in some of the continent’s biggest economies.

The recovery is expected to mainly benefit managers with more experience

Just six Nordic private equity funds have closed so far in 2023.

Explore the most active LPs in European private equity and their commitment counts in our map of investors in the region.

The Nordic PE market was steadfast in 2022, with a relatively busy exit market and an increase in overall deal volume.

Venture capital dealmaking in the Nordics reached its second-highest year to date despite a significant pullback in investments.

Five of Northern Europe’s biggest PE funds to close since 2016 came from just two firms: EQT and Nordic Capital.

EQT has raised €2.4 billion for its new growth fund, with an aim to growing the pool of domestic capital available to European and Israeli compani.

Market turmoil for the tech sector is beginning to be felt among late-stage companies. The latest example is Klarna, Europe’s most valuable VC-backed company, which could reportedly see its valuation drop by as much as 30%.

Venture investments in the Nordic region have steadily grown over the past decade as its startup ecosystem continues to mature.

The Nordic region broke records for VC activity in 2021, driven by late-stage rounds and a rise in mega-deals. Fundraising numbers were also strong, but exits tell a more complicated story.

This report covers private capital trends in the Nordics, exploring buyouts and venture in depth across complete industry cycles, from dealmaking to fundraising.