Update: The Deloitte-led sale process of BASE Life Science enters an advanced stage with signing expected before the summer acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 9, 2022
Partner-owned technology- and management consultancy focused on the life sciences sector, BASE life science, is preparing for a majority sale with several prospective buyers having been contacted in recent weeks according to multiple sources (NKP Proprietary)
Update - Outpost24 exit process moving along, Monterro receiving first round bids - advised by William Blair
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 8, 2022
Advised by investment bank William Blair, Monterro explores ownership options for fast-growing Swedish cyber security SaaS company Outpost24 acc. to sources - net revenue of SEK 167m (+15% YoY) with EBITDA of SEK -7.3m in 2020 (NKP Proprietary)
(Update) Harris Williams' led exit process of Serendipity-owned premium pet food group Voff progresses - IMs to be distributed in Mid-May (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 11, 2022
Two investment banks incl. one non-Nordic (known to NKP) mandated for dual track exit of Serendipity-owned premium pet food group Voff with 2020 EBITDA of SEK 96m (NKP Proprietary)
Finnish publ. listed steel manufacturer Outokumpu explores spin-off options for its "Long Products" business area with IMs being on the doorstep in BNP Paribas-led process acc. to sources - revenue of EUR 810m and adj. EBITDA of EUR 47m in 2021
Company to watch: Bocap-backed cybersecurity specialist Netox delivers 2021 revenue of EUR 15.7m (+84% YoY) with EBIT profitability and is expected to come to market during H2 following recent inbound interest according and a highly active Nordic cybersecurity M&A market, acc. to multiple sources (NKP Proprietary)
Privately owned gas station operator GO'ON Gruppen with 2021 EBITDA of DKK 107m is in an advanced sales process advised by Clearwater Int., signing expected before the Summer break according to sources (NKP Proprietary)
Following a 10-year ownership and +50% order intake growth in 2021, CapMan has relaunched the sale of Finnish off-highway vehicle cabin manufacturing firm Fortaco Group with Aventum advising, according to sources - 2021 adjusted EBITDA of around EUR 21m and revenues of EUR 320m (+89% YoY growth)
Indicative bids submitted on 21 January for Finnish job portal Duunitori in process advised by Aventum, 2021 revenue of EUR 13m with normalized EBITDA of around EUR 3m according to sources (NKP Proprietary)
Backed owned by Standout Capital since 2018 (majority since 2020), device management and security SaaS firm Miradore is headed for a sale advised by MCF Corporate Finance according to multiple sources (NKP Proprietary)
Following a lengthy dispute with previous owner Otello Corporation (formerly Opera Software) the PE fund Moore Frères & Company is no longer in control of Vewd Software AS (formerly Opera TV) - minority shareholder Otello and creditors are going for a full exit with teasers out, 2020 revenue of USD 32m (-33% year-on-year) and EBITDA of USD 11.9m (NKP Proprietary)
Update: Indicative bids for Habia Cable, a carve-out from Beijer Alma first and exclusively covered by NKP on 17 March, submitted around April 29 according to multiple sourced, advised by Access Partners (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 17, 2022
Publ. listed industrials group Beijer Alma is pushing forward with the planned carve-out of Habia Cable advised by Access Partners acc. to sources - revenue of SEK 809m with EBIT of SEK 63m in 2021 (NKP Proprietary)
Advised by an unnamed investment bank, the owners of Danish consultancy and HR partner Hartmanns are exploring exit options acc. to sources - revenue of DKK 301m with normalized EBITDA of DKK 8.4m in 2020 (NKP Proprietary)
Maj Invest-backed PcP Corporation expects revenue of DKK 385m and EBITDA in the range DKK 50-55m in 2021 - PwC Corporate Finance mandated to explore exit options with teaser material being circulated in the near future (NKP Proprietary)
The sale of construction services investment group Innsikt Holding is gaining speed with information memorandums circulated to a broad (Nordic) buyer field earlier this month and indicative bids due on Fri 28 Jan according to two sources, NOK 100m in expected 2022 normalized EBITDA (NKP Proprietary)
Nordic Capital in preliminary exit preparations for its 2017 investment in Cary Group (Ryds Bilglas) acc. to sources, recently rebranded and fresh 2025 strategy plan w. doubling of revenue and successfully executed roll-up case - EBITDA of SEK 268m in 2019 (NKP Proprietary)
As first covered by NKP in January 2021 and most recently updated on 01 March, Polaris is in the process of selling Det Danske Madhus and the process is gaining speed with indicative bids submitted this week, according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 20, 2021
Polaris mandates EY to explore a sale of its food service provider Det Danske Madhus
Update: Indicative bids submitted before Easter in the sale of privately held IT services company NTI Group, Clearwater and Accura advising (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 29, 2022
Privately-owned NTI Group, an IT services firm and "Platinum" autodesk partner, is being prepared for a majority sale with IMs soon to be distributed and indicative bids due in late April according to multiple sources
Update: Sale of Solix-owned fiber-cement manufacturer Cembrit has dragged out but remains active with minimum one bidder actively pursuing it, according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 23, 2021
Company to watch: Cembrit, a fibre-cement building products manufacturer owned by Solix Group since 2015, grows revenue to DKK 1,734m (+12% YoY) and EBITDA to DKK 282m (+70% YoY) in 2020 - several sources find an exit process in the next 6-9 months highly likely (NKP Proprietary)
Norwegian privately owned UniSea, a maritime software solutions provider, explores ownership options advised by PwC Corp. Finance acc. to sources - revenue of NOK 72m with EBITDA of NOK 23.3m in FY2021 (NKP Proprietary)
Boosted by the Pandemic, presentation SaaS firm Mentimeter is ahead of target w. +30m new users YTD, could be warming up to suitors with recent peer valuations (NKP Analysis)
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