Update: Final bids have been submitted in the Rothschild-advised exit process for Walki Group, acc. to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 15, 2022
One Equity Partners engages investment bank Rothschild to explore a sale of Walki Group, a Finland-headquartered major provider of sustainable packaging solutions, acc. to sources - revenue of EUR +700m with +10% EBITDA margin in 2022E (NKP Proprietary)
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: following Sampo's announcement last week regarding a strategic review of Mandatum, its life insurance and asset management arm, we understand that Goldman Sachs is actively engaged in preparing for a possible sale or separate listing (NKP Proprietary)
Waste mgmt. continues to attract PE-interest, 2020 EBITDA of DKK 259m at RGS Nordic could justify price expectations and a relaunch of the exit process (NKP sources / Analysis)
Update: Norway-headquartered Dualog, a productivity and cyber security SaaS provider to the shipping industry, is being prepared for a sale advised by Carnegie, acc. to sources - revenue of NOK 124.6m and EBITDA of NOK 26.8m in 2021 (NKP Proprietary)
Company to watch: Dansk Ejerkapital-backed ICEpower reports gross profit of DKK 137m and EBITDA of DKK 75m in FY22/23
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 20, 2021
Well-performing audio solutions provider ICEpower backed by Dansk Ejerkapital (formerly Industri Udvikling) since 2016 expects revenue of nearly DKK 200m in 2020/21 with solid EBITDA - exit may be on the horizon acc. to sources (NKP Proprietary)
Update: NBOs were collected in May in Carnegie-advised sale of MVI Funds-backed locksmith services group Great Security, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 8, 2021
Having previously teamed up with investment bank ABGSC for a Q1-2020 process, MVI Funds may resume exit plans for its well-performing security services firm Great Security following growing sponsor interest in the fast-growing lock industry and the ongoing CERTEGO process acc. to sources - LTM revenue of approx. SEK 700m (NKP Proprietary)
Update: non-binding offers recently submitted as Carnegie-advised sale of Alder-owned Autocirc gains speed - opportunity first and exclusively covered by NKP on 31 Aug (NKP Proprietary) *ESG FRIENDLY*
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 31, 2022
Alder mandates Carnegie in early preparations for a sale of portfolio company since 2020, Autocirc - a circular recycling concept within the automotive parts space - with 2021 pro-forma revenues of SEK 630m and adjusted EBITDA of SEK 99m (NKP Proprietary)
Update: DNB mandated for H2-2022 sale of industrial and oil & energy services provider Beerenberg - the Segulah-owned firm is marketed off EBITDA of around EUR 25m according to multiple sources, opportunity first covered by NKP on 02 June, 2021 (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)
Update: The J.P. Morgan-advised sale of Priveq-backed Metenova has progressed to the second round with due diligence ongoing acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 18, 2023
Company to watch: Metenova, a developer and manufacturer of magnetic mixing technologies for pharmaceutical production backed by Priveq since 2018, continues strong development with 2022E revenues of SEK +200m and EBITDA of SEK +50m (NKP Proprietary)
Airmaster, a well-performing Danish provider of decentralized ventilation systems, explores ownership options advised by EY Corporate Finance with IMs on the doorstep, acc. to sources - revenue of DKK 550-600m and EBITDA of approx. DKK 140-150m in 2023E (NKP Proprietary)
Helix Kapital-backed Heda Security, a Swedish provider of perimeter security solutions installation and services, continues strong growth to reach revenue of SEK 620m with a ~10% EBITDA margin in 2022E - Access Partners engaged to explore options acc. to sources (NKP Proprietary)
Indicative bids for GSGroup to be collected before Christmas in process led by ABGSC as majority shareholder Rieber & Søn is looking to exit their investment in the mobile data collection firm with 2020 revenue of NOK 233.3m (-5% year-on-year) and unadjusted 2020 EBITDA of NOK 33m (NKP Proprietary)
Update: Dansk Ejerkapital-backed Sports Group Denmark grows revenue to DKK 1,107m (+40% YoY) with EBITDA of DKK 147.2m in FY22 - Ownership options are being explored advised by Carnegie acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 4, 2021
High-growth sports apparel company Sports Group Denmark backed by Industri Udvikling (since 2016) reaches revenue of DKK 600m (+20% YoY) w. EBITDA of DKK 49m in 2020, expects +35-40% growth in 2021 (NKP Proprietary)
Company to watch: VC-backed Supermetrics, a SaaS data management and analysis tool for marketers, is likely coming to market in H2-2023 acc. to multiple sources - 40% YoY growth to reach revenue of EUR +50m in 2022 (NKP Proprietary)
Company to watch: following a successful execution of the roll-up strategy since investing in Sefbo in 2019/20, Valedo is mulling a 2022 sale of the Norwegian property services provider Sefbo according to multiple sources, 2020 pro-forma revenue of NOK 400m and adjusted EBITDA of more than NOK 60m (NKP Proprietary)
Owners of Yubico - the Swedish company behind the USB and NFC authentication solution YubiKey - including founders, Bure Equity, Meritech Capital Partners, Andreesen Horowitz, and AMF, is pondering an IPO according to sources following a return to profitability and an accelerated demand caused by the lockdown's work-from-home wave with 70% growth in 2021 - Carnegie may be advising (NKP Proprietary)
Company to watch: CVC Capital-backed Mehiläinen, a social and health care services provider, delivers revenue of EUR 1,633m (+17% YoY) with EBITA of EUR 137.6m in FY22 - ownership options likely to be considered in 2024 acc. to sources (NKP Proprietary)
Karnell-owned carpet designer and manufacturer Kasthall Group may be sold as an investment bank (known to NKP) was previously mandated to explore ownership options - according to sources (NKP Proprietary)
(Update) Privately-held Danish Standoutmedia continues its roll-up play within the digital agency space and expects to deliver EBITDA of DKK 40m in 2022 - would consider inbound approaches from financial sponsors (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 27, 2020
Standoutmedia considers bringing in external capital to accelerate lucrative roll-up play within the digital agency space, 27% Y-o-Y revenue growth targeting EBITDA of DKK 17m in 2020 (NKP Proprietary)
Owners of Yubico - the Swedish company behind the USB and NFC authentication solution YubiKey - including founders, Bure Equity, Meritech Capital Partners, Andreesen Horowitz, and AMF, is pondering an IPO according to sources following a return to profitability and an accelerated demand caused by the lockdown's work-from-home wave with 70% growth in 2021 - Carnegie may be advising (NKP Proprietary)
Access Partners mandated for upcoming sale of We Tech Solutions Oy - a manufacturer of energy efficiency improving shaft generator motors for the maritime industry with 2020 EBIT of EUR 1m and revenue of EUR 18m according to sources
Company to watch: Bulk Infrastructure, a founder-controlled PE-backed Nordic dark fibre network and data center operator, delivers 2022 revenue of NOK 276m, a +50% year-on-year increase, and may come to market in the medium term following strong international interest for Norwegian data center assets (NKP Proprietary)
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