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
August 19, 2022
Company to watch: Jøtul, a Norwegian supplier of fireplaces and a portfolio firm of OpenGate Capital since 2018 grows +40% YoY to reach revenue of NOK 1,269m with adj EBITDA of NOK 157m in FY2021 - strong current trading could tempt OpenGate to explore a sale acc. to multiple sources (NKP Proprietary)
Company to watch: Hantverksdata, a Swedish SaaS solutions provider for craftsmen owned by Adelis since 2018, has performed strongly during Covid-19 and is drawing interest from sponsors following five add-ons, acc. to sources (NKP Proprietary)
Update: NBOs are due in late December in ongoing sale of Axcel-owned Danish Ship Finance (Danmarks Skibskredit) according to multiple sources, see also our proprietary article from 05 October (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 5, 2022
Ownership consortium comprising Axcel, PFA & PKA is preparing for a possible sale of Danish Ship Finance advised by investment bank MW&L Capital according to sources - net profit guidance of DKK 275m - 335m for FY 2022E (NKP Proprietary)
Company to watch: General Oceans, a group of companies developing and manufacturing oceanographic sensors, underwater robotic vehicles, and manipulators, explores ownership options advised by Nordea according to multiple sources - Revenues of NOK 640m and EBITDA of NOK 146m in FY22 (NKP Proprietary)
Update: DB Schenker to be sold as one unit and not split up it has been decided by Deutsche Bahn's supervisory board amid the ongoing strategy review and planned high-profile sale advised by Goldman Sachs, Morgan Stanley, and Deutsche Bank (Press release/NKP Proprietary)
Advised by boutique corporate finance firm PK Partners, Procuritas is exploring ownership options for Team Olivia, acc. to sources - possible sale of parts of or the whole business (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 10, 2020
Procuritas' private care firm Team Olivia could be among this year's IPO candidates on the back of a favorable political climate and record 2019 earnings (NKP analysis)
Houlihan Lokey appointed for the upcoming sale of Auctus' portfolio firm since 2019, Dataciders (formerly QuinScape) - an IT services provider focus on data management and analytics, according to sources (NKP Proprietary)
Advised by Citi, Oaktree Capital and Cornerstone Investment is working on a sale of their portfolio firm Avenga - their IT services portfolio firm since 2017 - with IMs being out and NBOs due later this month
Privately owned Revac, a specialist within Waste Electrical and Electronic Equipment (WEEE) recycling, is being prepared for a sale in process advised by ABG Sundal Collier - some pretesting in the spring based on 2021 EBITDA of NOK 122.9m (NKP Proprietary)
Update: The William Blair-guided sale process for Monterro-owned Hypergene, a Swedish business intelligence SaaS provider, has reached the due diligence phase acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 13, 2023
Company to watch: Hypergene, a business intelligence SaaS firm owned by Monterro since 2016, reaches ARR of SEK 171m (+20% organic growth) and adj. EBITDA of SEK 39.5m in 2022 - preliminary exit preparations have commenced acc. to sources (NKP Proprietary)
Update: The Houlihan Lokey-guided sale of Polaris-backed North, a Danish insurance broker, is now well into the second phase, with both financial sponsors and strategics lining up as potential suitors, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 11, 2023
Polaris is considering an exit from North, a Danish insurance broker, acc. to sources (InsideBusiness / NKP Proprietary)
Backed by Summa Equity since 2017, document mgmt. SaaS firm Pagero delivers sales of SEK 310m in 2019 (+17%) - Summa could realize +2x return if sold (NKP analysis)
Right People Group, a Danish freelance-based IT consultancy, explores ownership options advised by PwC Corporate Finance, with sell-side material having recently been distributed, acc. to sources - revenues of DKK 351m and EBITDA of DKK 24m in FY22/23E (NKP Proprietary)
Update: IMs are out in the Rothschild-advised process for Modular Finance with NBOs to be collected in the coming month, according to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 13, 2023
Modular Finance, a Swedish SaaS provider of financial market data and digital investor relations tools, could come to market in the near-medium term acc. to several sources - revenue of SEK 102m (+45% YoY) and EBIT of SEK 62.5m in FY22 (NKP Proprietary)
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
August 19, 2022
Company to watch: Jøtul, a Norwegian supplier of fireplaces and a portfolio firm of OpenGate Capital since 2018 grows +40% YoY to reach revenue of NOK 1,269m with adj EBITDA of NOK 157m in FY2021 - strong current trading could tempt OpenGate to explore a sale acc. to multiple sources (NKP Proprietary)
Scalable Capital, the German neo-broker and digital asset manager unicorn backed by Tencent since 2021, among others, is again in the market for raising capital as a viable alternative to the ongoing discussions with Deutsche Bank to support the roll-out of its broadened offering (NKP Proprietary)
The owners of Amalo, an installation and services provider specialised in heat pumps and energy recovery solutions, explore options advised by Nordic M&A - marketed off 2022E EBITDA of DKK 7m acc. to sources (NKP Proprietary)
Lactobio, a Danish biotech company focused on microbial solutions, explores ownership options advised by Atrium Partners, with IMs being ready and NBOs set to be collected in August acc. to sources - Revenue of approx. DKK 15m and break-even EBITDA in FY23E (NKP Proprietary)
Update: IMs are out in the Rothschild-advised process for Modular Finance with NBOs to be collected in the coming month, according to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 13, 2023
Modular Finance, a Swedish SaaS provider of financial market data and digital investor relations tools, could come to market in the near-medium term acc. to several sources - revenue of SEK 102m (+45% YoY) and EBIT of SEK 62.5m in FY22 (NKP Proprietary)
Privately owned Kiho, a Finnish SaaS platform provider for work in the field, explores growth financing options advised by Initia Corporate Finance, acc. to sources - exp. revenue of EUR 6.2m and EBITDA of EUR 1.4m in FY23E (NKP Proprietary)
Following the successful sale of Roadworks subsidiary Otera AS, Norvestor is (still) pursuing a sale of Roadworks remaining business areas acc. to sources, William Blair advising (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 5, 2021
Norvestor may eye a timely 2021 exit of its well-performing portfolio firm Roadworks - relatively unaffected by the pandemic and estimated EBITDA of NOK 82m in 2020 (NKP Proprietary)
Update: J.P. Morgan-advised sale of Snow Software has entered the due diligence phase with multiple bidders and binding offers to be submitted in early September, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 26, 2020
Vitruvian-backed software asset management (SAM) firm SNOW Software could be headed for an IPO
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