Update: The Deloitte-advised process for Jespers Torvekøkken has reached an advanced stage, according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 18, 2024
Update: The owners of Jespers Torvekøkken, a Danish catering company, resume ownership explorations advised by Deloitte Corporate Finance, according to sources - Revenues of DKK +500m in FY25E (NKP Proprietary)
The Deloitte-advised sale process for Krebs, a project developer specializing in energy-efficient heat pumps and gas engine systems is “live”, according to multiple sources (NKP Proprietary)
Company to watch: Miss Group, a fast-growing international web hosting services group backed by Perwyn since 2020, is working on a refinancing which could pave the way for a near/mid-term exit, according to sources - revenue of SEK +1,000m with a +40% EBITDA margin in FY23 (NKP Proprietary)
Advised by G.P. Bullhound, Danish online wishlist platform and affiliate marketing provider GoWish (Ønskeskyen) explores ownership options with the main track being a cap raise/minority stake sale to facilitate its US expansion, acc. to NKP’s sources - EBITDA of DKK 21m in FY23 (NKP Proprietary)
Teasers are circulation in the Metzler-led sale process of Kerkhoff Consulting, a Düsseldorf-based supply chain management consulting firm, marketed off 2024 adjusted EBITDA of EUR 4m (NKP Proprietary)
SpinChip Diagnostics, a Norwegian medical device company, is contemplating a Series C financing round or selling to a strategic player, acc. to several sources (NKP Proprietary)
Traser Software, a provider of digital solutions to the agricultural and construction machinery sectors and a Microsoft Gold Partner, is working on a sale together with Frankfurt-based boutique ConsusPartner - according to sources (NKP Proprietary)
Spanish wireless telecommunication infrastructure company Cellnex has appointed Deutsche Bank and Mediobanca to prepare a majority sale of its Austrian tower business, likely to be marketed off run-rate pro-forma EBITDA of around EUR 55-65m and could be valued at more than EUR 1,100m - according to various industry experts (NKP Proprietary)
Update: The TCG Corporate Finance-advised sales process of Magix Software, a video and music editing software company backed by Capiton since 2018, is “relaunching” after its first attempt earlier this year, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 26, 2024
Capiton-backed Magix Software, a video and music editing software provider, explores a possible sale amid ongoing restructuring acc. to sources - TCG Corporate Finance advising (NKP proprietary)
Danish defense technology firm XCI explores options to bring in a new minority shareholder to accelerate growth - US investment bank Needham advising, according to multiple sources (NKP Proprietary)
Update: The Bryan Garnier advised potential sale of The Collaboration Factory (“cplace”) - an agile project management tool for larger enterprises - is in an advanced stage of a targeted process expecting bids later this month, marketed off 2024 ARR of EUR 16m and EBITDA profitability by Q4-2024, acc. to sources (NKP | M&A Insights Proprietary)
IMAP is in the market with Project Ride - the sale of the motorcycle brakes and clutch fittings business of Gustav Magenwirth GmbH (Magura brand) - according to several sources (NKP | M&A Insights Proprietary)
Update: The PwC Corp. Finance advised sales process of SevDesk, an accounting software provider for the SME segment, is in the final stage with a small handful of bidders pursuing, according to sources (NKP | M&A Insights Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 16, 2024
PwC Corp. Finance is advising the owners of SevDesk, an accounting software provider for the SME segment, on ownership options - marketed off 2024E ARR of EUR 30m, according to sources, (NKP Proprietary)
BASF is moving ahead with a sale of part of its Nutrition & Health division's production footprint in a process advised by Rothschild - marketed off pro-forma EBITDA of EUR 15m in 2023 (NKP Proprietary)
GENUI and founders are preparing a Lazard-guided sale of Argentus Westbridge (“Westbridge”) - the ESG-focused consultancy for the real estate industry - with scheduled auction kick off in the beginning of the new year and projected 2024 revenue and adj. EBITDA of EUR 120-125m and EUR 21m, respectively - according to multiple sources (NKP Proprietary)
Waterland has engaged Raymond James to oversee its exit considerations from Valcon, a pan-European consultancy specialized in technology and data, for which early-stage pre-marketing efforts are commencing (NKP Proprietary)
Update: TCG Corporate Finance has relaunched the paused sales process of Dymatrix, a data-driven and AI-based marketing automation platform backed by Equistone since 2014, according to sources, an updated IM is out since August 2024, marketed off 2024 adj. EBITDA of EUR 10m (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 27, 2024
Equistone is reportedly preparing an exit of Dymatrix, a data-driven and AI-based marketing automation platform formerly a part of PIA Group (now PIA Media), advised by TCG Corporate Finance and to be marketed off adj 2023 EBITDA of ~ 10m, acc. to sources (NKP Proprietary)
Update: IMs are out and NBOs are soon to be collected in the DNB Markets-advised process for Altor-owned Nordic Tyre Group, according to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 26, 2023
Preliminary exit preparations for Nordic Tyre Group (NTG), an Altor-owned Northern European tyre wholesaler and retailer, have begun according to multiple sources (NKP Proprietary)
The private owners of Pureservice, a Norwegian SaaS platform for helpdesk and service management functions, are exploring ownership options with Nordhaven Corporate Finance advising and sell-side material having been distributed, acc. to sources (NKP Proprietary)
Carlsquare is advising on “Project Thunderstruck” - a combined exit process for the two manufacturers of electrical winding components for the railway infrastructure and renewable energy industries, mdexx and Michael Riedel GmbH, which used to both be part of Chinese Lince Group - combined EBITDA of EUR ~6m, according to sources (NKP Proprietary)
Zisson, a Norwegian cloud-based CCaaS company backed by Verdane since 2018, experiences steady growth and is tipped as a near-medium term exit candidate by NKP’s sources - revenue of NOK 102m (+23% YoY) in FY22 with the vast majority driven by recurring streams (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 19, 2024
Zisson, a Norwegian cloud-based CCaaS company backed by Verdane since 2018, experiences steady growth and is tipped as a near-medium term exit candidate by NKP's sources - revenue of NOK 102m (+23% YoY) in FY22 with the vast majority driven by recurring streams (NKP Proprietary)
Update: IMs have been distributed and NBOs are soon to be collected in the William Blair-guided sale process for Verdane- and Novax-backed Voyado, a Swedish customer experience SaaS platform (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 21, 2023
Update: William Blair has been engaged to advise on the potential sale of Verdane- and Novax-backed Voyado, a Swedish customer experience SaaS platform, acc. to multiple sources (NKP Proprietary)
Update: Updated IMs are being circulated in connection with the UBS-advised efforts by FLSmidth (publ.) to divest its Cement business, acc. to several sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 16, 2024
Update: Denmark-headquartered FLSmidth (publ.) entertained pitches from corporate finance advisors end-January in connection with its exploration of divestment options for its Cement business (NKP Proprietary)
Update: NBOs are due in late October in connection with the Arctic Securities-led ownership explorations for privately held marine services and vessel operations company FSV Group (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 3, 2024
Privately held marine services and vessel operations company FSV Group explores ownership options advised by Arctic Securities acc. to sources - Revenues of NOK 406m and EBITDA of NOK 144m in FY23 (NKP Proprietary)
Update: The Houlihan Lokey-advised sale process of Procilon, a cybersecurity firm backed by HQ Industrie-Beteiligungen since 2019, is advancing into the second phase with first-round bids having been collected last week, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 27, 2024
Houlihan Lokey is mandated to oversee the post-Summer sales process of encryption software company procilon Group - backed by HQ Industribeteiligung since 2019, to be marketed of 2024E EBITDA of EUR 10m, acc. to multiple sources (NKP Proprietary)
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