Update: Houlihan Lokey-advised sale explorations for Norvestor-owned Foxway reaches an "advanced stage" with due diligence ongoing acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 19, 2021
Company to watch: Rebranded last year from Xllnc to Foxway and a portfolio firm of Norvestor since 2019, the Device as a Service firm delivers 2020 revenue of SEK 2,980m (+29% YoY) following a number of add-ons and increasing focus on hardware lifecycle management - advisors mulling sale or IPO on the horizon (NKP Proprietary)
Update: J.P. Morgan-advised sale of Hg Capital-owned Azets, a leading Northern European BPO firm, is in an advanced stage according to multiple sources, first covered by NKP on 05 September 2022 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 5, 2022
Hg Capital-owned Azets (formerly Cogital) which was partly built upon the 2016 carve out of Visma's Oslo-headquartered BPO division, is being prepared for a sale in process advised by J.P. Morgan and Skadden Arps according to sources (NKP Proprietary)
Update: With NBOs having recently been collected, the ABGSC-advised sale of Sauna360 Group progresses into the due diligence phase acc. to sources - adj. EBITDA of EUR +12m in 2022 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 3, 2023
Sauna360 Group, a well-performing global provider of sauna solutions, is up for a strategic review, ABG Sundal Collier advising acc. to sources - revenue of EUR +80m with adj. EBITDA of EUR +12m in 2022 (NKP proprietary)
Update: NBOs submitted in first half of April in Nomura-advised sale of Agilitas-owned waste collection firm Reconor, first covered by NKP on 03 March (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 6, 2020
Agilitas' Danish waste mgmt. firm since 2015, Reconor, posts 2019 sales of EUR 106m (+26% YoY) and EBITDA of EUR 26m, an exit or IPO could bring a 2.6x return as investors flock to environmental-assets (NKP analysis)
Update: The sale of Tietokeskus, the IaaS firm owned by Vaaka Partners since 2016, is now expected to kick off after the Summer despite continued strong inbound interest (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 6, 2021
Vaaka Partners appoints investment bank for a sale of its portfolio firm since 2016, infrastructure-as-a-service (IaaS) company Tietokeskus with 2020 revenue of EUR 100m and marketed at EBITDA of around EUR 10-12m according to several sources (NKP Proprietary)
Soundtrack your Brand, a background music streaming service backed by Balderton Capital since 2017, shelves previously announced IPO plans and is working on a capital raise in the private market according to sources (NKP Proprietary)
Elektroimportøren defies retail death with 19' revenue of NOK 964m (+23%) - with LPs paid off, Herkules may welcome an exit of their portfolio firm since '14 (NKP Analysis)
GRO Capital and CVC Growth Partners is eying a sale of Omada - an identity and access governance software business - as the company is being transformed into a SaaS business and recently reported strong 2022 results - international investment bank known to NKP has been mandated (NKP Proprietary)
With new IPO-experienced CFO in place and strong current trading amid lockdown, EQT is working towards a Q3-2021 US listing of Sitecore according to sources (NKP Proprietary)
Smart EV charging solutions company Easee is preparing for a minority sale advised by ABG Sundal Collier with 2022E EBIT of NOK 800-1,000m and revenues of around NOK 2,000m - process expected to kick off after Easter (NKP Proprietary)
Eterna Invest-backed Progrits, a group of B2B SaaS companies, is preparing for a dual-track process scheduled for H1-2023 advised by Carnegie - ARR of approx. SEK 300m with an EBITDA of SEK 30m acc. to sources (NKP Proprietary)
PostNord and Nets are reportedly preparing for a possible sale of e-boks Group, the Danish provider of digital mailboxes for communication between private and government-owned entities and private citizens - according to multiple sources (NKP Proprietary)
Edtech SaaS company UNIwise, a digital assessment platform provider within higher education, explores options advised by EY Corporate Finance - revenue of DKK 34.9m with EBITDA of DKK 6m in FY2021/22 (NKP Proprietary)
Monterro is in the early phase of preparing for a listing, possible dual track, of insurance policy admin system Lumera - rebranded from Itello in April this year - 2020 revenue of SEK 337m and EBIT of SEK 46.5m and a 2019 bolt on acquisition now integrated, advisors not yet mandated according to sources (NKP Proprietary)
Following a challenging IPO market Kongsberg is reportedly considering a sale as an alternative route for Kongsberg Digital (KDI) - preliminary M&A process preparations have begun* (NKP Proprietary)
Update: the potential sale of EQT-owned Ellab is gaining speed with multiple buyers working actively to pre-empt the process, with several sources pointing to a signing before the summer break as a likely scenario (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 10, 2021
Company to watch: EQT-backed Ellab grows revenue to DKK 497m with adj. EBITDA of DKK 203m in FY20/21 Following successful buy-and-build strategy - sources mull that EQT may be tempted to explore ownership options in 2022 (NKP Proprietary)
Update: as covered exclusively in proprietary updates by NKP on 07 Oct and 01 Dec, IMs for the Lincoln International-advised sale of Colmec Group are now out, tentative NBO deadline end of March (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 7, 2022
Colmec, a privately held supplier and distributor of tires continues steady growth to reach revenue of SEK 951m (+13% YoY) with EBITDA of SEK 92m in 2021 - in light of owner stepping down from CEO position, sale explorations are likely to be relaunched acc. to sources (NKP Proprietary)
Owners of Micropower Group, a privately held manufacturer of battery chargers and power supplies for machinery, ships, and vehicles, has been working with PwC on an exit since the beginning of the year - according to sources (NKP Proprietary)
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