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Nordic Private Capital Breakdown

2022

Nordic Private Capital Breakdown

March 4, 2022

Nordic Private Capital Breakdown
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Nordic private market dealmaking soars to new heights

The Nordic region saw record levels of both private equity and venture capital investment last year. PE activity rebounded from its slump the year before with an unprecedented number of deals driving it to new heights. On the VC side, outsized rounds and a boom in late-stage financing produced stellar results.

Our 2022 Nordic Private Capital Breakdown explores the VC and PE markets in Norway, Sweden, Denmark, Finland and Iceland, showcasing major trends and key sectors.

Key takeaways
 
  • The Nordic PE market recorded 1,064 deals worth an aggregate €108.3 billion in 2021—marking YoY increases of 101.1% and 175.2%, respectively.
 
  • Growth equity dealmaking skyrocketed in 2021 as the steep proliferation of unicorns significantly increased the number of investable targets for investors.
 
  • Late-stage deal value represented 81.8% of the region’s overall VC total in 2021 with its most-valuable startups completing some of Europe’s biggest rounds. 
 
  • Nordic PE exit activity dwarfed its previous record in 2017, but VC exits failed to smash record values.

Table of contents
Introduction 2
PE deals 3
PE exits 7
PE fundraising 10
VC deals 13
VC exits 16
VC fundraising 18