Arctic Securities holds the mandate for Buypass, a digital ID and payment solutions provider jointly owned by Tietoevry and Norsk Tipping (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 3, 2023
Company to watch: Buypass, a Norwegian digital ID and payments solutions provider jointly owned by Tietoevry and Norsk Tipping, experiences steady growth to reach revenue of NOK 310m and EBITDA of NOK 40m in FY22 - ownership options are likely to be weighed acc. to sources (NKP Proprietary)
Doxa has retained ABG Sundal Collier to advise on its efforts to carve out and divest the contracting business of Serneke, a Sweden-based construction company, with the process now being "live" acc. to sources - Revenues of SEK 6.2bn in FY23 (NKP Proprietary)
ProMark, a Danish workforce management SaaS vendor, has mandated EY Corporate Finance to explore ownership options, with an expected kick-off in 2024, acc. to sources - Revenues of DKK 77m (+15%) and an EBITDA of DKK 10m in FY22 (NKP Proprietary)
Update: Evercore guided sale of Klocke Gruppe's biologics division, CDMO firm IDT Biologika, is now in due diligence phase following NBOs submitted in the second half of October with multiple bidders pursuing, acc. to sources (NKP Proprietary)
Advised by Torch Partners, online veterinary platform FirstVet is currently exploring a minority stake sale/capital raise with teasers having recently been distributed, acc. to sources - Revenue of EUR 18m for 2023E (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 16, 2022
Company to watch: FirstVet, a Swedish-headquartered VC-backed digital veterinary clinic, expects revenues of EUR 20m in 2022E - Next capital raise could be explored in the medium term acc. to sources (NKP Proprietary)
Advent International encourages initial bids for Aareon, Aareal Bank's software arm
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 6, 2023
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: Rothschild is handling inbound investor dialogues for audience engagement platform Mentimeter in addition to, and possibly instead of, the previously contemplated IPO track advised by Carnegie acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 1, 2020
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)
Update: The PwC Corporate Finance-guided sale process for a minority stake in Granlund Group, a Finnish provider of design services for construction projects, has reached an advanced stage (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 20, 2023
Granlund Group, a privately held provider of engineering, consulting, and software services to the construction sector, has engaged PwC Corporate Finance to advise on ownership explorations, with teasers having recently been distributed, acc. to sources - Revenue of EUR 129m (+19% YoY) and EBITDA of EUR 14.8m in FY22 (NKP Proprietary)
EQT is entertaining exit dialogues with international investment banks for Karo Healthcare, a provider of OTC and prescription pharmaceuticals as well as medical devices, with sources pointing towards the possibility of a process launching as early as H2-2024 - pro-forma EBITDA of SEK +1,000m in FY23E (NKP Proprietary)
Update: Goldman Sachs has been mandated for a potential stake sale in headphone and speaker company Marshall Group acc. to sources - Adj. EBIT of 791m (LTM Q1-2024) (NKP Proprietary)
The private owners of Inspirit365, a Norwegian digital transformation consultancy and Microsoft Partner, are exploring ownership options in an "advanced process" with Nordhaven Corporate Finance advising (NKP Proprietary)
HH2E, a green hydrogen project developer targeting 4GW of capacity by 2030, is pursuing a (stake) sale with NBOs submitted before the Holidays and second phase in January, according to multiple sources (NKP Proprietary)
Update: NBOs have been submitted in the ABG Sundal Collier-advised sale process for Serwent, the underground infrastructure maintenance arm of EQT-owned Recover, acc. to several sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 4, 2024
EQT may pursue a sale of Serwent, the underground infrastructure maintenance arm of its 2019 vintage portfolio company Recover, acc. to multiple sources - sales of above NOK 1,000m and ~10% EBITDA margin (NKP Proprietary)
Update: NBOs were collected last week in the Deloitte Corporate Finance-advised sale process for EWII's fiber infrastructure business (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 29, 2023
EWII Group is actively looking for external investors for its fiber infrastructure business amid its pledge to bring fiber in everything to everyone for five municipalities before year-end, acc. to sources - Deloitte Corporate Finance advising, infra fund(s) in the buyer field (NKP Proprietary)
Distressed debt fund Oaktree is seeking new owners this Spring for its German fitness platform, LifeFit Group, a portfolio firm since 2012 that was rebranded in 2019 as a buy-and-build vehicle from Fitness First Germany - Houlihan Lokey advising with premarketing ongoing (NKP Proprietary)
Update: The William Blair-led sale process for the camera hardware business of Axcel-owned Phase One Group has reached the second phase with NBOs having been submitted in mid-February (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 8, 2023
Company to watch: Axcel is in preliminary exit preparations for the camera (hardware) part of Phase One Group, a Danish integrated software/hardware photography solutions provider, with advisor discussions ongoing, acc. to sources - EBITDA of DKK 43m in FY22 (NKP Proprietary)
OpenGate is working with int. investment bank on a sale of silicon-carbide firm Fiven before the Summer following record 2022 results with adjusted EBITDA of EUR 61.5m, according to sources - opportunity first and exclusively covered by NKP in October (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 19, 2022
Company to watch: Fiven, a sillicon-carbide manufacturer carved-out from Saint-Gobain in 2019 by US private equity firm OpenGate Capital, reports 2021 revenue of EUR 127.4m and EBITDA of EUR 21.2m and may come to market in 2023 according to multiple industry commentators (NKP Proprietary)
Emeram appoints UBS to guide a sale of diva-e, an international digital agency and Transactional Experience Partner with EBITDA of around EUR 17m, which lies in the sponsor's 2015 vintage fund (NKP Proprietary)
Update: Jefferies mandated for the planned sale of Nordic Capital-owned Sunrise Medical, a Malsch-Baden-Württemberg headquartered wheelchair maker with 2022 revenues of EUR 605m - according to sources (NKP Proprietary)
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