Cabonline, majority owned by private equity fund H.I.G, is headed for a change of ownership in process advised by Macquarie according to two sources, material is out with process to kick off in January (NKP proprietary)
Company to watch: Vaaka Partners may explore ownership options of Finnish waste container company Molok, its portfolio firm since 2016, following strong FY22 financials acc. to sources - FY22 Sales of EUR 29.6m (+26.4% YoY) (NKP Proprietary)
Update: With NBOs having recently been submitted, the Carnegie-led sale process for Longship-owned Garda Sikring progresses to the second round acc. to sources - EBITDA of NOK ~150m in 2022E (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 31, 2022
Longship-backed Garda Sikring enters Finland through the acquisition of Puomitek - Carnegie mandated to explore a possible sale of Garda Sikring Group following continued strong growth to reach LTM group revenue of NOK +850m and EBITDA of NOK ~150m acc. to sources (NKP Proprietary)
Solar power investment firm Nordic Solar is working towards a sale, raise, or listing in Q1-2023 advised by Carnegie according to multiple sources - it is still early days and no final decision has been made (NKP Proprietary)
Alpha Corporate Finance mandated to explore a sale of engineering firm Techouse - a global provider of heat recovery and water treatment solutions to the global energy markets - which has been owned by UK private equity firm Bluewater since 2018 (NKP Proprietary)
Update: IK Partners relaunches Carnegie-advised exit process for Danish food company Løgismose, with NBOs having been submitted acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 1, 2020
Advisors mulling H1-2021 sale of IK Investment Partners' portfolio firm since 2014, Løgismose, following the restructuring and Thomas Klitbo's exit from the fund (NKP Sources/Analysis)
Invoicing software provider Efacto evaluates ownership options advised by Clearwater International acc. to sources - gross profit of DKK 12.7m in 2021/22 (NKP Proprietary)
Update: Final bids have been submitted for EY Corporate Finance-advised sale of Danish digital agency Web-Koncept while it reports strong 2022 financials - EBITDA of DKK 35.3m in FY22, up from DKK 16.6m in FY21 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 26, 2023
Advised by EY Corporate Finance, Danish digital agency Web-Koncept explores ownership options acc. to multiple sources - EBITDA of DKK 18.3m in FY21 (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: the potential sale of EQT-owned Ellab is gaining speed with multiple buyers working actively to pre-empt the process, with several sources pointing to a signing before the summer break as a likely scenario (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 10, 2021
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)
Update: Houlihan Lokey-advised sale explorations for Norvestor-owned Foxway reaches an "advanced stage" with due diligence ongoing acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 19, 2021
Company to watch: Rebranded last year from Xllnc to Foxway and a portfolio firm of Norvestor since 2019, the Device as a Service firm delivers 2020 revenue of SEK 2,980m (+29% YoY) following a number of add-ons and increasing focus on hardware lifecycle management - advisors mulling sale or IPO on the horizon (NKP Proprietary)
Update: J.P. Morgan-advised sale of Hg Capital-owned Azets, a leading Northern European BPO firm, is in an advanced stage according to multiple sources, first covered by NKP on 05 September 2022 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 5, 2022
Hg Capital-owned Azets (formerly Cogital) which was partly built upon the 2016 carve out of Visma's Oslo-headquartered BPO division, is being prepared for a sale in process advised by J.P. Morgan and Skadden Arps according to sources (NKP Proprietary)
Soundtrack your Brand, a background music streaming service backed by Balderton Capital since 2017, shelves previously announced IPO plans and is working on a capital raise in the private market according to sources (NKP Proprietary)
Elektroimportøren defies retail death with 19' revenue of NOK 964m (+23%) - with LPs paid off, Herkules may welcome an exit of their portfolio firm since '14 (NKP Analysis)
GRO Capital and CVC Growth Partners is eying a sale of Omada - an identity and access governance software business - as the company is being transformed into a SaaS business and recently reported strong 2022 results - international investment bank known to NKP has been mandated (NKP Proprietary)
With new IPO-experienced CFO in place and strong current trading amid lockdown, EQT is working towards a Q3-2021 US listing of Sitecore according to sources (NKP Proprietary)
Smart EV charging solutions company Easee is preparing for a minority sale advised by ABG Sundal Collier with 2022E EBIT of NOK 800-1,000m and revenues of around NOK 2,000m - process expected to kick off after Easter (NKP Proprietary)
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