With a fresh NOK 1bn valuation, proptech firm Airthings could be Geir Forre's next blockbuster exit - either through IPO or exit to climate experienced PE-firm (NKP-analysis)
Distribution of IMs in Barclays-led sale of AEA Investors owned Scan Global Logistics not yet out as previously expected - delay may be caused by the war in Ukraine according to multiple sources, 2021 normalized EBITDA of USD 129m
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 16, 2021
Scan Global Logistics emerges stronger from the Pandemic with 2020 revenue of USD 1,225 (+14% YoY) and EBITDA of USD 50.6m, 8% organic growth and continued high buy-and-build potential - secondary buyout in Q1 or Q2 2022 a likely exit scenario according to sources close to the firm (NKP Proprietary)
Conscia, backed by Nordic Capital since 2019, is looking to ramp up on bolt-on acquisitions and is looking for a new Head of Mergers & Acquisitions (LinkedIn/NKP Proprietary)
Advised by FIH Partners, Investcorps' exit process of Danish design brand Georg Jensen advances with indicative bids to be submitted by the end of April - First covered by NKP in Mid-2021 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 30, 2021
With a +71% YoY growth in online sales, luxury design brand Georg Jensen is slowly bouncing back from a pandemic-driven dip in 2020 - Investcorp is preparing for an exit in late 2021 following a bumpy 9 year ownership according to sources (NKP Proprietary)
Update: the sale of Devico, a leading supplier of surveying and directional drilling equipment for the global precious metals mining industries, has moved to second phase with due diligence ongoing - first covered by NKP on 07 Sep 2022 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 7, 2022
Salvesen & Thams-backed (20.6%) Devico, a surveying and directional drilling equipment maker for the global onshore mining industries, is being readied for a sale with investment bank mandated - 2021 revenue of NOK 376m and EBITDA of NOK 181.1m, according to multiple sources (NKP Proprietary)
The ownership of founder-held affiliate advertising network Adservice may soon change hands following process advised by Clearwater, according to multiple sources (NKP Proprietary)
Solar power investment firm Nordic Solar is working towards a sale, raise, or listing in Q1-2023 advised by Carnegie according to multiple sources - it is still early days and no final decision has been made (NKP Proprietary)
Owners of Gubra, a founder-owned biotechnology and pre-clinical contract research services organisation ("CRO") and biotechnology firm, are working on a listing or minority sale later this year according to multiple sources, 2020 EBITDA of DKK 32m (NKP Proprietary)
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