Extracts from our daily coverage

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April 9, 2025

KKR acquires consumer health company Karo Healthcare from EQT

Press Release

March 27, 2024

Update: The Morgan Stanley- and Jefferies-advised sale process for EQT’s consumer health company Karo Healthcare has progressed to the second round following the collection of NBOs, according to sources (NKP | M&A Insights Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

February 15, 2024

EQT is entertaining exit dialogues with international investment banks for Karo Healthcare, a provider of OTC and prescription pharmaceuticals as well as medical devices, with sources pointing towards the possibility of a process launching as early as H2-2024 - pro-forma EBITDA of SEK +1,000m in FY23E (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

April 7, 2025

Axcel-backed XPartners acquires architecture and design firm PLH Arkitekter

Press Release

March 4, 2025

The owners of PLH Arkitekter, a well-performing independent Danish architecture and design firm that recently entered the German market, weigh ownership changes advised by Deloitte Corporate Finance, according to sources - Revenue ~275m and EBITDA of DKK ~42m in FY2024 (NKP | M&A Insight Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

April 7, 2025

CVC DIF to acquire a 49% stake in BALANCE Erneuerbare Energien from German energy group VNG

Press Release

November 15, 2024

Utility provider VNG/EnBW, the owner behind fast-growing biogas producer Balance Erneuerbare Energien, is working with Macquarie Capital on a sale, marketed off 2024 expected revenues of EUR 140 and EBITDA of 30m, according to sources ESG FRIENDLY (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

April 3, 2025

GBL-backed Affidea acquires urology network Uroviva Group, strengthening integrated cancer care in Switzerland

Press Release

October 28, 2024

Swiss-based urology clinic network Uroviva backed by ECM since 2017 is in the market advised by KPMG Corporate Finance, marketed off 2024E EBITDA of EUR 10m, acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

April 1, 2025

CVC-backed Mehiläinen secures EUR 2bn in equity funding and welcomes Hellman & Friedman as a new shareholder

Press Release

April 26, 2024

Update: CVC Capital’s potential sale of Mehiläinen has been postponed as the private equity firm mulls other ownership options, including a potential roll-over into another fund (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

October 27, 2023

Update: Goldman Sachs and Jefferies have been engaged by CVC Capital to advise on its planned exit from Mehiläinen, a Finnish social and healthcare services provider, acc. to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 31, 2025

EQT-backed WS Audiology is considering an IPO as a likely option, acc. to CEO Jan Makela

Børsen

January 10, 2024

EQT explores options to bring in a new minority shareholder for its 2019 portfolio company WS Audiology, a Danish designer and manufacturer of hearing aid solutions - revenues of EUR 2,465m (+5% YoY) and adj. EBITDA of EUR 514m in FY22/23 (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 31, 2025

Bondholders take full control of Norwegian fireplace manufacturer Jøtul in major restructuring

Finansavisen

September 15, 2022

Update: OpenGate Capital explores exit options for Norwegian fireplace supplier Jøtul advised by Lincoln International acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 30, 2025

Spanish family-owned company Persán acquires Mibelle Group from Migros, expanding its global presence in private label manufacturing

Press Release

November 4, 2024

Update: Migros faces delays in Mibelle sale, with completion now expected in Q1 2025

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 27, 2024

Alantra appointed to oversee the sale process of Migros carve-out of Mibelle, a manufacturer of Personal Care & Beauty, Home Care and Nutrition products (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 26, 2025

AQS, a Norwegian provider of business-critical services within aquaculture, receives a significant growth investment from European infrastructure fund Marguerite

Press Release

January 10, 2025

The Sparebanken 1 Markets-advised process for AQS, a Norwegian vessel owner and service provider to the aquaculture industry, has reached an advanced stage, acc. to several sources (NKP | M&A Insights Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

October 21, 2024

The owners of AQS, a Norwegian vessel owner and service provider to the aquaculture industry, weigh ownership options to accelerate growth - Sparebanken 1 Markets advising, according to sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 25, 2025

SER Group acquires AFI Solutions, a provider of digital document management solutions, from its private owners to strengthen its SAP expertise in purchase-to-pay and order-to-cash processes

Press Release

October 2, 2024

The owners of AFI Solutions, a provider of digital document management solutions from Stuttgart, are in a GVG-advised sale process with teasers out since August, marketed off revenues of EUR 20m and EBITDA of EUR 2m, acc. to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 23, 2025

France-based investment firm Mérieux Equity Partners has acquired a majority stake in curea medical, a carve-out from McAirlaid’s

Investors in Healthcare

February 5, 2025

Carve-out potential: the owners of European nonwovens maker and privately-held McAirlaid's Vliesstoffe GmbH is reportedly weighing options for its Curea Medical business, a maker of branded multi-purpose non-woven wound dressings, acc. to sources (NKP | M&A Insights Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 23, 2025

Green hydrogen technology company Hystar plans NOK 260m capital raise

Dagens Næringsliv

July 4, 2024

Hystar, a Norwegian high-tech hydrogen company specializing in PEM electrolyzers for the production of green hydrogen, is preparing a funding round to accelerate growth (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 22, 2025

Tietoevry (publ.) to divest its Tech Services business to Agilitas for EUR 300m

Press Release

February 14, 2025

Tietoevry's (publ.) Bank of America-advised sale process for its Tech Services division is well-advanced with a non-industrial player, expected conclusion in March

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 13, 2023

Update: Bank of America appointed in potential sale of Tieto Tech Services, formerly TietoEvry Connect and Transform, respectively, once strategic review is wrapped up - according to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 21, 2025

German media company ProSiebenSat.1 divests Verivox, a price comparison portal, to Moltiply Group, an Italien online comparison platform

Press Release

October 22, 2024

Update: Verivox-sale is ongoing and advised by PJT Partners, seeing the consumer price comparison platform marketed off 2024E EBITDA of around EUR 40m, according to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 20, 2025

Italian software company Bending Spoons acquires majority stake in German Tech Firm Komoot, a hiking/biking trip planner application

Wiwo

March 12, 2025

The owners of Komoot, a hiking/biking trip planner application, have reportedly mandated Perella Weinberg to explore ownership options, reportedly marketed off 2024 revenues of EUR 50m and EBITDA of EUR 12m, acc. to sources (NKP | M&A Insights Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 17, 2025

Bahrain-based private equity firm Investcorp acquires majority stake in German consulting firm Miebach Logistik - EV/EBITDA (2024) of 13.62x

Press Release

November 8, 2024

Update: Miebach Consulting, a privately owned globally operating supply chain focused management consultancy, may soon change hands as deadline for final bids are coming up or recently passed, according to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 17, 2025

Nalka-backed Asker Healthcare Group publishes prospectus and announces price for its IPO on Nasdaq Stockholm

Press Release

October 14, 2024

Update: Nalka-backed Asker Healthcare Group sets sights on H1-2025 IPO after last year’s sale explorations, according to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

May 31, 2023

Update: NBOs are due today for Swedish Nalka-backed Asker Healthcare Group - Process followed since March 2023 (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 17, 2025

Swedish Assa Abloy (publ.) acquires GfS Gesellschaft für Sicherheitstechnik, a provider of mechatronic and electronic emergency exit safety solutions, from German PE Maxburg Capital Partners

Press Release

August 22, 2024

Maxburg is working with MCF Corporate Finance on an exit of GFS, a manufacturer of mechanical and electronic safety components for emergency exits, marketed off 2024E EBITDA of EUR 3.6m and teaser is out, acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 14, 2025

Deutsche Beteiligungs AG sells majority stake in Vitronet to Blackrock's Private Debt Fund

Finance Magazin

February 28, 2025

Vitronet Group - previously a sister company to Vitroconnect and an acquisitive infrastructure services provider within network expansion - is being prepared for a sale by DBAG which entered as majority shareholder in a 2017 MBO, according to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 13, 2025

Euronext acquires Admincontrol from Hg-backed Visma for EUR 398m and an EV/sales of over 10x

Press Release

December 10, 2024

Update: The Arma Partners-advised process for Admincontrol, a subsidiary of Hg Capital-backed Visma providing SaaS-based board portals and data rooms, is well-progressed in a narrow process, acc. to multiple sources (NKP | M&A Insights)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

May 31, 2024

Hg-backed Visma is preparing a possible carve out of Oslo-headquartered Admincontrol, a provider of SaaS-based board portals and data rooms, according to NKP sources - revenues of EUR 40m in FY23 (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 13, 2025

Paris-based private equity Keensight Capital acquires majority stake in ACTICO Group, a provider of process automation SaaS solutions to the financial services industry, from Bregal Unternehmerskapital

Press Release

June 28, 2024

Update: Raymond James appointed for post-Summer sale of Bregal's portfolio firm since 2021, Actico, a process automation software provider to financial services firms (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

May 2, 2024

Bregal has reportedly appointed advisors for an upcoming sale of its portfolio firm Actico - a provider of process automation SaaS solutions to the financial services industry - expecting 2024 EBITDA of EUR 25m, acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 13, 2025

CataCap acquires e-Boks, a Denmark-based digital communication platform, from Nets and PostNord

Press Release

November 20, 2023

Update: IMs are out in the EY-advised sale of e-boks Group, with NBOs set to be collected before Christmas, according to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

October 17, 2023

Update: Teasers are out in the EY-advised sale of E-boks, with IMs to be distributed in the first half of November, acc. to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 13, 2025

Dansk Generationsskifte is exploring the possibility of bringing in a minority investor for Carelink, its Danish welfare services group, to support further acquisitions

Kapwatch

May 17, 2023

Company to watch: Carelink, a private healthcare group owned by Dansk Generationsskifte, delivers revenue of DKK 1,732m with EBITDA of DKK 167m in FY22 - EY Corporate Finance engaged ahead of a planned exit process expected to kick off in H1-2024 acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 12, 2025

Arcus Infrastructure Partners acquires aqua-service vessel operator Abyss Group from Icon Capital and AKVA Group

Press Release

January 9, 2025

IMs are out and NBOs are soon to be collected in the Goldman Sachs-advised sale process for Havfram, a Norwegian vessel operator offering installation services for offshore wind turbines and foundations (NKP | M&A Insights Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

December 17, 2024

Teasers are out in DNB Markets-advised process for Icon Capital-backed Abyss Group, a well-performing service vessel operator to the aquaculture and offshore energy sectors, acc. to sources - EBITDA of NOK ~140m in FY24E (NKP | M&A Insights Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

March 12, 2025

Dutch traffic management solutions provider UKO Group acquires Swedish peer Road Rental from Sobro

Press Release

December 19, 2024

The owners of Swedish construction machinery rental company Hyreslandslaget weigh ownership options advised by Danske Bank Corporate Finance, according to sources - EBITDA of SEK 185m in 2023 (NKP | M&A Insights Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

Extracts from our daily coverage

Update: The Morgan Stanley- and Jefferies-advised sale process for EQT’s consumer health company Karo Healthcare has progressed to the second round following the collection of NBOs, according to sources (NKP | M&A Insights Proprietary)

Utility provider VNG/EnBW, the owner behind fast-growing biogas producer Balance Erneuerbare Energien, is working with Macquarie Capital on a sale, marketed off 2024 expected revenues of EUR 140 and EBITDA of 30m, according to sources *ESG FRIENDLY* (NKP Proprietary)

Swiss-based urology clinic network Uroviva backed by ECM since 2017 is in the market advised by KPMG Corporate Finance, marketed off 2024E EBITDA of EUR 10m, acc. to sources (NKP Proprietary)

Update: CVC Capital’s potential sale of Mehiläinen has been postponed as the private equity firm mulls other ownership options, including a potential roll-over into another fund (NKP Proprietary)

Update: Goldman Sachs and Jefferies have been engaged by CVC Capital to advise on its planned exit from Mehiläinen, a Finnish social and healthcare services provider, acc. to multiple sources (NKP Proprietary)

EQT explores options to bring in a new minority shareholder for its 2019 portfolio company WS Audiology, a Danish designer and manufacturer of hearing aid solutions - revenues of EUR 2,465m (+5% YoY) and adj. EBITDA of EUR 514m in FY22/23 (NKP Proprietary)

Update: OpenGate Capital explores exit options for Norwegian fireplace supplier Jøtul advised by Lincoln International acc. to sources (NKP Proprietary)

Update: Migros faces delays in Mibelle sale, with completion now expected in Q1 2025

Alantra appointed to oversee the sale process of Migros carve-out of Mibelle, a manufacturer of Personal Care & Beauty, Home Care and Nutrition products (NKP Proprietary)

The Sparebanken 1 Markets-advised process for AQS, a Norwegian vessel owner and service provider to the aquaculture industry, has reached an advanced stage, acc. to several sources (NKP | M&A Insights Proprietary)

The owners of AQS, a Norwegian vessel owner and service provider to the aquaculture industry, weigh ownership options to accelerate growth - Sparebanken 1 Markets advising, according to sources (NKP Proprietary)

The owners of AFI Solutions, a provider of digital document management solutions from Stuttgart, are in a GVG-advised sale process with teasers out since August, marketed off revenues of EUR 20m and EBITDA of EUR 2m, acc. to multiple sources (NKP Proprietary)

Carve-out potential: the owners of European nonwovens maker and privately-held McAirlaid's Vliesstoffe GmbH is reportedly weighing options for its Curea Medical business, a maker of branded multi-purpose non-woven wound dressings, acc. to sources (NKP | M&A Insights Proprietary)

Hystar, a Norwegian high-tech hydrogen company specializing in PEM electrolyzers for the production of green hydrogen, is preparing a funding round to accelerate growth (NKP Proprietary)

Tietoevry's (publ.) Bank of America-advised sale process for its Tech Services division is well-advanced with a non-industrial player, expected conclusion in March

Update: Bank of America appointed in potential sale of Tieto Tech Services, formerly TietoEvry Connect and Transform, respectively, once strategic review is wrapped up - according to multiple sources (NKP Proprietary)

Update: Verivox-sale is ongoing and advised by PJT Partners, seeing the consumer price comparison platform marketed off 2024E EBITDA of around EUR 40m, according to multiple sources (NKP Proprietary)

The owners of Komoot, a hiking/biking trip planner application, have reportedly mandated Perella Weinberg to explore ownership options, reportedly marketed off 2024 revenues of EUR 50m and EBITDA of EUR 12m, acc. to sources (NKP | M&A Insights Proprietary)

Update: Miebach Consulting, a privately owned globally operating supply chain focused management consultancy, may soon change hands as deadline for final bids are coming up or recently passed, according to multiple sources (NKP Proprietary)

Update: Nalka-backed Asker Healthcare Group sets sights on H1-2025 IPO after last year’s sale explorations, according to multiple sources (NKP Proprietary)

Update: NBOs are due today for Swedish Nalka-backed Asker Healthcare Group - Process followed since March 2023 (NKP Proprietary)

Maxburg is working with MCF Corporate Finance on an exit of GFS, a manufacturer of mechanical and electronic safety components for emergency exits, marketed off 2024E EBITDA of EUR 3.6m and teaser is out, acc. to sources (NKP Proprietary)

Vitronet Group - previously a sister company to Vitroconnect and an acquisitive infrastructure services provider within network expansion - is being prepared for a sale by DBAG which entered as majority shareholder in a 2017 MBO, according to multiple sources (NKP Proprietary)

Update: The Arma Partners-advised process for Admincontrol, a subsidiary of Hg Capital-backed Visma providing SaaS-based board portals and data rooms, is well-progressed in a narrow process, acc. to multiple sources (NKP | M&A Insights)

Hg-backed Visma is preparing a possible carve out of Oslo-headquartered Admincontrol, a provider of SaaS-based board portals and data rooms, according to NKP sources - revenues of EUR 40m in FY23 (NKP Proprietary)

Update: Raymond James appointed for post-Summer sale of Bregal's portfolio firm since 2021, Actico, a process automation software provider to financial services firms (NKP Proprietary)

Bregal has reportedly appointed advisors for an upcoming sale of its portfolio firm Actico - a provider of process automation SaaS solutions to the financial services industry - expecting 2024 EBITDA of EUR 25m, acc. to sources (NKP Proprietary)

Update: IMs are out in the EY-advised sale of e-boks Group, with NBOs set to be collected before Christmas, according to multiple sources (NKP Proprietary)

Update: Teasers are out in the EY-advised sale of E-boks, with IMs to be distributed in the first half of November, acc. to multiple sources (NKP Proprietary)

Company to watch: Carelink, a private healthcare group owned by Dansk Generationsskifte, delivers revenue of DKK 1,732m with EBITDA of DKK 167m in FY22 - EY Corporate Finance engaged ahead of a planned exit process expected to kick off in H1-2024 acc. to sources (NKP Proprietary)

IMs are out and NBOs are soon to be collected in the Goldman Sachs-advised sale process for Havfram, a Norwegian vessel operator offering installation services for offshore wind turbines and foundations (NKP | M&A Insights Proprietary)

Teasers are out in DNB Markets-advised process for Icon Capital-backed Abyss Group, a well-performing service vessel operator to the aquaculture and offshore energy sectors, acc. to sources - EBITDA of NOK ~140m in FY24E (NKP | M&A Insights Proprietary)

The owners of Swedish construction machinery rental company Hyreslandslaget weigh ownership options advised by Danske Bank Corporate Finance, according to sources - EBITDA of SEK 185m in 2023 (NKP | M&A Insights Proprietary)

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Utility provider VNG/EnBW, the owner behind fast-growing biogas producer Balance Erneuerbare Energien, is working with Macquarie Capital on a sale, marketed off 2024 expected revenues of EUR 140 and EBITDA of 30m, according to sources ESG FRIENDLY (NKP Proprietary)