(Update) The sale process of Norwegian Montel Group picks up speed with indicative bids due this week - Alpha Corporate Finance advising (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 29, 2021
Montel Group, a news and data platform covering the European energy markets, explores ownership options advised by Alpha Corporate Finance - revenue of NOK 127m with an EBITDA of NOK 19.3m in 2020 (NKP Proprietary)
Privately owned Engcon, a Swedish manufacturer of tiltrotators for excavators, is preparing for an exit preferably by way of IPO according to multiple sources - Nordic investment bank mandated (NKP Proprietary)
Privately owned Norwegian consumables distributor Maske Gruppen explores ownership options w. teasers having recently been distributed, Alpha Corp. Finance advising - revenue of NOK 1,141m with EBITDA of NOK 107m in 2020 (NKP Proprietary)
Company to watch: European Sperm Bank, a portfolio company of Axcel since 2019, delivers strong organic growth reaching adj. EBITDA of DKK 90m in 2021 - Axcel may explore ownership options in H2-2022 acc. to sources (NKP Proprietary)
Update: Cinven is pushing forward with the planned exit of Envirotainer advised by Citi and J.P. Morgan - indicative bids to be collected in early May acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 22, 2021
Cinven is preparing for a 2022 exit of its 2018 acquisition of Envirotainer - the leading global provider of cold chain solutions for air transport of pharmaceuticals - as investment banks are invited to pitch, marketed at 2021 normalized EBITDA of around SEK 1,000m according to multiple sources, 2020 revenue reported at SEK 1,771m (+7.5% year-on-year) (NKP Proprietary)
Update: Cinven is pushing forward with the planned exit of Envirotainer advised by Citi and J.P. Morgan - indicative bids to be collected in early May acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 22, 2021
Cinven is preparing for a 2022 exit of its 2018 acquisition of Envirotainer - the leading global provider of cold chain solutions for air transport of pharmaceuticals - as investment banks are invited to pitch, marketed at 2021 normalized EBITDA of around SEK 1,000m according to multiple sources, 2020 revenue reported at SEK 1,771m (+7.5% year-on-year) (NKP Proprietary)
Several sponsors currently reviewing the opportunity of taking EHSQ SaaS firm EcoOnline private which triggered the strategic review announcement from 07 April (NKP Proprietary)
Previous suitors were scared of by Procuritas' price expectations - now the PE-fund is close to listing online retailer of MC-gear, Pierce (rumor/NKP analysis)
With its delisting in August this year, provider of software for real estate agencies, Esoft, might welcome new investors to fund US roll-out and bet on big data (NKP analysis)
Update: The process of selling Danish eSourcing company Scanmarket is gaining speed with indicative bids submitted before Easter, PwC and Komann Reumert advising according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 23, 2022
Verdane-backed Scanmarket, an Aarhus-based SaaS company within eSourcing solutions, is pursuing a majority sale according to multiple sources - 2020 gross profit growth of 24% and EBIT of DKK 3.6m (NKP Proprietary)
Update: Polaris is closing in on a sale of damage control services provider SSG according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 12, 2021
As industry consolidation intensifies, Polaris Private Equity evaluates a potential early exit from its 2019 investment in SSG, a Scandinavian damage control service provider - LTM EBITDA of around DKK 80-85m acc. to sources (NKP Proprietary)
Company to watch: Axcel expected to (re)explore exit of Frontmatec, a leading meat processing equipment manufacturer, in H2-2021 following a successful integration of several add-on acquisitions with 2020 revenue of DKK 1.44bn (-16% YoY) and normalized EBITDA of DKK 214m - advised by Nordea and William Blair in the 2018/19 halted exit process (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 30, 2020
Axcel-backed Frontmatec to list senior secured floating rate bonds - Sale process could be resumed in 2021
Following a successful turnaround in Danish publicly listed Sanistål, Danske Bank, Jyske Bank and Nordea (combined +70% ownership stake) mandates Danske Bank Corporate Finance to lead a coming exit process acc. to sources - EBITDA guidance of DKK 160-190m in 2021E
Update (first covered by us on 18 March): Danske Bank mandated for upcoming sale of MB Funds' portfolio firm since 2018, Raksystems - a provider of property assessment services - process to kick-off closer to the Summer according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 18, 2022
Company to watch: Raksystems, an MB Funds portfolio firm since 2018 providing property condition evaluations to the Finnish property market, is being prepared for a Q2/Q3-2022 exit according to multiple sources with inv. bank mandated (NKP Proprietary)
Sale of Inriver, a product information management (PIM) SaaS vendor backed by Verdane and Lugard Road Capital, is reaching an advanced stage in process led by boutique investment bank Evercore, according to sources (NKP Proprietary)
Privately-owned Hydroware AB, a manufacturer of power and control systems for hydraulic lifts, explores ownership options advised by PwC Corp. Finance - revenue of SEK 367m (+6% YoY) with EBITDA of SEK 29m in FY20/21 (NKP Proprietary)
Update: The Goldman Sachs-led sale process of Pai Partners-backed chemicals group Perstorp has entered the due diligence phase acc. to sources, process first covered by NKP on 18 January (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 18, 2022
Advised by Goldman Sachs, Pai Partners explores dual-track options for Swedish specialty chemicals group Perstorp - LTM EBITDA of SEK 2,052m (NKP Proprietary)
(Update) Indicative bids for Hg Capital-backed ITM8 are due towards the end of March in Raymond James-led process acc. to sources - marketed off 2021 adj. EBITDA of DKK +300m (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 3, 2022
Rebranded as ITM8 and specialized in cloud, cyber security, and digitization consulting, the former IT Relation is being prepped for a 2022 sale by its owners since 2018, UK-headquartered technology investor, Hg Capital, according to multiple sources, following strong organic growth and a successfully executed roll-up play, Accura engaged sell-side (NKP Proprietary)
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