Teasers have been distributed in the Nordea-advised sale of Hamlet Protein acc. to multiple sources - EBITDA of DKK ~85m in 2024E (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 25, 2021
Altor and Goldman Sachs Merchant Bank mandates investment bank for upcoming sale of Hamlet Protein - a specialist manufacturer of plant-based protein additives targeted at young animals in livestock production, 2020 normalized EBITDA of DKK 30m (NKP Proprietary)
Litorina prepares for dual-track exit process for its portfolio firm since 2007, flower retailer Euroflorist following 59% year-on-year organic growth in 2020, and has mandated Carnegie for the efforts (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 19, 2021
With a pandemic-driven boom in online flower sales and a recent early redemption of bonds, Litorina is expected to push ahead with an exit of Euroflorist acc. to sources - LTM EBITDA of SEK 192m (NKP Proprietary)
The Germany-based software provider for the window and door manufacturing and installations market, Orgadata, is exploring ownership options advised by Connexxa - marketed off 2023 adjusted EBITDA of EUR 6m, according to sources (NKP Proprietary)
Update: Belgian DPG Media's contemplated sale of Danish media company Berlingske Media is handled in-house without an investment bank, according to sources (NKP Proprietary)
The Benchmark International advised sale process of WinValue, a vehicle insurance claims management platform, collected NBOs last week, marketed off 2024E EBITDA of EUR 4m, acc. to sources (NKP Proprietary)
A sales process for Easoft, a Finnish AI-based SaaS platform for SMEs in the construction sector, has been launched, targeting financial sponsors, with IMs out and NBOs due in early May - ARR of EUR ~7m and cash EBITDA of EUR ~2.5m in FY24E (NKP Proprietary)
Swedish battery producer Northvolt approaches deadline to secure crucial funding amid financial challenges, engages Goldman Sachs to explore potential sales of parts of business
Update: Due diligence efforts are ongoing in the SEB-advised sale process for Fredrikstad Energi, a Norwegian energy company, acc. to several sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 11, 2024
The Municipality of Fredrikstad has mandated SEB to explore ownership options of its 51% stake in Norwegian energy company Fredrikstad Energi with teasers being out, according to sources - Revenues of NOK 797m with an adj. EBITDA of NOK 238m in FY23 (NKP Proprietary)
Company to watch: Arjun Infrastructure Partners may be exploring ownership options later this year for Denmark's second-largest biogas producer Bigadan following strong FY22 performance, acc. to sources - EBITDA of DKK 343m in FY22 (NKP Proprietary)
Company to watch: Design furniture company GUBI, a portfolio company of Axcel since 2018, delivers strong growth with revenue reaching DKK 508m (+34% YoY) and adj. EBITDA of DKK 144.4m in FY21 - ownership options may be explored in H2-2022 acc. to sources (NKP Proprietary)
Update: Information memorandums have been distributed in EY-led sales efforts for Robotize, a Danish AMR firm - first reported by NKP on 07 September (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 7, 2022
Founder-owned Robotize, the company behind the GoPal autonomous robot, is exploring a sale advised by EY Corporate Finance according to multiple sources (NKP Proprietary)
Reuters confirms ongoing exit process of L Catterton-backed Ganni - could fetch valuation of DKK 5bn
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 22, 2021
Backed by private equity fund L Catterton since 2017, women's fashion brand Ganni delivers revenue of DKK 567m (0% year-on-year) with an EBITDA of 86.8m in 2020 - early-stage exit preparations have begun according to multiple sources (NKP Proprietary)
Founder-owned c-trace, a provider of software and equipment for waste management companies, is being marketed for sale in Project Sherlock guided by Livingstone Partners with projected 2024 adjusted EBITDA of EUR 6m - according to multiple sources (NKP Proprietary)
Update: Wärtsilä (publ.) is entertaining pitches from corporate finance advisors regarding the strategic review of its energy storage business, with a formal process kick-off expected in H1-2024, acc. to sources (NKP Proprietary)
Update: Ownership explorations for accounting automation SaaS provider Wint are reportedly "live" with ABG Sundal Collier advising on the efforts (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 10, 2024
Company to watch: Wint, a fast-growing SaaS-based accounting automation solution provider, is considering ownership options as the company enters a new growth phase - ARR of SEK ~130m as of end Q1-2024 (NKP Proprietary)
Update: Swiss investor Partners Group pulls IPO and sells German building metering technology firm Techem to the world's largest impact fund TPG Rise Climate at an EV OF EUR 6-8bn, acc. to sources (Börsen Zeitung/NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 15, 2023
Update: with management presentations completed in October, IMs being out, and an NBO deadline of second half of December, metering firm Techem's dual-track process mainly draws interest from infrastructure and pension funds, according to sources (NKP Proprietary)
Amor Group, an omnichannel retailer of affordable precious jewellery, backed by Rivean in 2016 but controlled by its creditors since 2021 following financial distress, is in the market with Deloitte Corporate Finance, acc. to sources (NKP Proprietary)
Update: Bank of America appointed in potential sale of Tieto Tech Services, formerly TietoEvry Connect and Transform, respectively, once strategic review is wrapped up - according to multiple sources (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)
The sale of European Convenience Food - a frozen food maker established in 2013 with backing from VR Equitypartner - is in the due diligence phase following indicative bids in June, advised by Houlihan Lokey (NKP Proprietary)
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