Coronaria explores ownership options for Silmäasema, a Finnish eye clinic operator and optical retailer - Carnegie advising with IMs distributed in late Q4-2022 acc. to multiple sources (NKP Proprietary)
Update: NBOs were collected last week in the Deloitte-guided sale of Nets' eID activities, NemID and MitID, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 31, 2023
The sale process for Nets' eID activities is kicking off with Deloitte Corporate Finance advising, acc. to sources - marketed off revenues of EUR 40m with EBITDA of EUR ~14m (NKP Proprietary)
Update: Teasers are out in Jefferies-led sale process of Altor and Triton-backed OptiGroup - adj. EBITDA of EUR 64m in 2020 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
July 2, 2021
Advised by investment bank Jefferies, Altor and Triton are preparing for a Q3-2021 exit process for OptiGroup acc. to sources - revenue of EUR 949m with adjusted EBITA of EUR 42.7m in 2020 (NKP Proprietary)
NBOs have been submitted for Axcel-backed Delete Group's Cleaning Services business in Finland and Sweden acc. to sources, Danske Bank and Carnegie advising as previously covered by NKP (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 22, 2022
Teasers are out for the sale of environmental services firm Delete Group, a portfolio firm of Axcel since 2013 with 2021 revenue of EUR 131.3m and adjusted EBITDA of EUR 13m, advised by Danske Bank and Carnegie according to sources (NKP Proprietary)
Advised by EY Corporate Finance, Danish digital agency Erhvervs Webdesign explores ownership options - EBITDA of DKK 15.9m in FY 2021/22 (NKP Proprietary)
As investment banks are invited to pitch, Gro Capital and Goldman Sachs MB may cash in DKK 2bn in an exit of telematics firm Trackunit (NKP Proprietary / Analysis)
Update: the sale of Stockholm-headquartered private education provider Elevera Education is in an advanced stage with negotiations ongoing following indicative bids towards the end of last year - initially covered by NKP on 10 November 2022 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 10, 2022
Stockholm-headquartered private education provider Elevera Education Group is reportedly exploring a majority sale advised by Clearwater International Sweden based on 2022E EBITDA of SEK 75m (NKP Proprietary)
Update: Multiple banks recently pitched for the mandate to sell Triton's portfolio firm since 2014, Flokk Furniture, which reportedly delivered 2021 revenue of more than NOK 3,000m and EBITA of plus NOK 600m - opportunity first covered by NKP in March 2021 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 11, 2020
As home offices are booming, Triton could cash in NOK 9 billion or a 4-5x MBM after 6 years as majority owner at Flokk, NKP sources indicate buy-side advisors are actively engaged (NKP Proprietary)
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)
Advised by Deloitte and Accura, privately-held Milton Huse is being marketed at an EV of DKK 1,000m against 2020 EBITDA of DKK 85m (10-12x) - teasers are out with IMs expected in March (NKP Proprietary)
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)
Company to watch: RelyOn Nutec, a global safety and survival training provider for safety-critical industries, continues strong momentum and could provide a strong exit candidate for Polaris acc. to sources - 2022E EBITDA guidance of DKK 175-180m (NKP Proprietary)
Wellspect, a maker of urinary catheters and bowel management systems, is being prepared for a sale by its owner Dentsply Sirona following the parent's strategic review of the portfolio announced on 14 Nov - Jefferies and Centerview Partners advising, according to sources (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)
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