The owners of SELECT Sport, a Danish legacy sports equipment brand, have engaged Carlsquare to advise on a possible sale of the company with teasers having recently been distributed, according to multiple sources - EBITDA of DKK 32.4m in FY22 with significant growth and profitability pick up expected in FY23 (NKP Proprietary)
Ingrid, a Swedish SaaS delivery experience platform, is looking to close its ongoing EUR ~20m financing round by early 2024, acc. to sources - run-rate ARR of EUR 6m in 2023 (NKP Proprietary)
Ownership options are being weighed for MyDefence, a Danish manufacturer of anti-drone equipment used in the military, with PwC advising and teasers having recently been distributed, acc. to sources - EBITDA of DKK 29m in FY22 which will more than double in FY23 (NKP Proprietary)
Update: NBOs were submitted in early December in the Rothschild-guided sale of Montagu-owned DEAS, a Danish property management services provider, acc. to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
July 14, 2020
Montagu may be looking to exit DEAS soon, Altor reportedly placed a bid for the 9.6 pct. 3y CAGR company last year
Teasers were distributed in December for the Jefferies-advised efforts to carve out and divest the data center business from EQT-backed GlobalConnect, a pan-Nordic digital infrastructure platform held since 2016 - FY23E EBITDA of EUR 30-35m (NKP Proprietary)
Company to watch: Caybon, a provider of content marketing solutions and a portfolio firm of Priveq since 2016, delivers revenue of SEK 984m with adj. EBITDA of SEK 113.6m in FY22 - IPO (possibly dual-track) preparations have begun acc. to sources (NKP Proprietary)
Advent International is teaming up with advisors in preparation of a potential 2024 process for Aareon, a provider of SaaS solutions for the property industry in which the sponsor acquired a 30% stake in 2020, following successful add-ons and expected 2023 adj. EBITDA of EUR 90-100m - acc. to sources (NKP Proprietary)
Update: J.P. Morgan and Carnegie to lead dual track sale of EQT-owned specialist mortgage firm Bluestep Bank - an opportunity first and exclusively covered by NKP on 25 January (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 25, 2022
Company to watch: Swedish Bluestep Bank - a specialist mortgage provider in Sweden and Norway owned by EQT since 2017 - represent a logical exit opportunity for the Swedish fund with growth in run-rate adjusted operating profit to "around SEK 400m" in 2021 and the successful spin-off of the non-mortgage activities and establishment in Finland, according to industry insiders (NKP Proprietary)
Company to watch: As a result of the strategic review announced in March, A.P. Moller Maersk is preparing for a possible sale of Svitzer, a leading global towage operator - revenue of USD 774m and EBITDA of USD 229m in FY22 (NKP Proprietary)
Company to watch: PHM Group, a Nordic provider of property maintenance services owned by Norvestor since 2020, is tipped by NKP's sources as a possible near/mid-term exit candidate on the back of strong growth - sales of EUR 763m (+39% YoY) and pro-forma EBITDA of EUR ~120m in 2023 (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: Investcorp is reportedly sounding out advisors for a potential early 2024 sale of healthcare software firm Sanolium/Cambio - bond loans of SEK 800m maturing in 2024 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 24, 2022
Company to watch: Investcorp-backed Sanolium/Cambio circled by sponsors following double digit profitable growth and new CEO team in place with IPO being one option according to several sources, Q3-2021 LTM revenue of SEK 762.1m (+20.5% Y-o-Y growth in Q3-2021) and adjusted EBITDA of SEK 208.3m - around 57% of revenues are recurring (NKP Proprietary)
Telecommunications infrastructure service provider ICG Group is being put up for sale by its owners since 2021, the Miami-based private equity fund H.I.G., in a process advised by Houlihan Lokey with non-binding offers collected before the Holidays, DD scheduled for January (NKP Proprietary)
Following the previously communicated review and carve-out of Siemens' Motors and Large Drives business "Innomotics", BNP Paribas has now been mandated to explore a sale (NKP Proprietary)
Owners of 3Shape - the Danish-headquartered leading global dental scanner company - mandates Goldman Sachs to explore a minority sale during H2-2021 according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 14, 2020
3Shape could finally be heading towards an entreprenurial exit - Co-founders have stepped down as Co-CEO`s in the 31 pct. 3y CAGR dentistry technology firm (NKP analysis)
Company to watch: PHM Group, a Nordic provider of property maintenance services owned by Norvestor since 2020, is tipped by NKP's sources as a possible near/mid-term exit candidate on the back of strong growth - sales of EUR 763m (+39% YoY) and pro-forma EBITDA of EUR ~120m in 2023 (NKP Proprietary)
Update: KKR's sale process of Switzerland-based Selecta, provider of vending machines with 2023 adjusted EBITDA of EUR 250m, has kicked off with VDD ongoing, advised by McKinsey, acc to multiple sources (NKP Proprietary)
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)
Company to watch: Tomagruppen, a Norwegian family-owned facility services company which last year acquired Alliance+ in Norway, may be considering succession options as Founder and CEO is nearing retirement age and revenue has almost doubled in five years (NKP Proprietary)
Outpatient medical care group Sanecum Gruppe, backed by Adiuva Capital since 2019 and pushed to a continuation vehicle last year, is being prepared for a 2024 sales process guided by J.P. Morgan amid a challenging regulatory environment in Germany - according to sources (NKP Proprietary)
.png){kind=logo}
.png){kind=logo}