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)
Advised by Deloitte and Accura, privately-held Milton Huse is being marketed at an EV of DKK 1,000m against 2020 EBITDA of DKK 85m (10-12x) - teasers are out with IMs expected in March (NKP Proprietary)
Distribution of IMs in Barclays-led sale of AEA Investors owned Scan Global Logistics not yet out as previously expected - delay may be caused by the war in Ukraine according to multiple sources, 2021 normalized EBITDA of USD 129m
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 16, 2021
Scan Global Logistics emerges stronger from the Pandemic with 2020 revenue of USD 1,225 (+14% YoY) and EBITDA of USD 50.6m, 8% organic growth and continued high buy-and-build potential - secondary buyout in Q1 or Q2 2022 a likely exit scenario according to sources close to the firm (NKP Proprietary)
Company to watch: RelyOn Nutec, a global safety and survival training provider for safety-critical industries, continues strong momentum and could provide a strong exit candidate for Polaris acc. to sources - 2022E EBITDA guidance of DKK 175-180m (NKP Proprietary)
Wellspect, a maker of urinary catheters and bowel management systems, is being prepared for a sale by its owner Dentsply Sirona following the parent's strategic review of the portfolio announced on 14 Nov - Jefferies and Centerview Partners advising, according to sources (NKP Proprietary)
Conscia, backed by Nordic Capital since 2019, is looking to ramp up on bolt-on acquisitions and is looking for a new Head of Mergers & Acquisitions (LinkedIn/NKP Proprietary)
Former EMK portfolio firm and exchange listed since Feb 2021, shares of private education company Lumi Gruppen drops 79.5% since the listing - currently trading at EV/EBITDA (LTM) of 4.1x, Swedish Atvexa a potential buyer (NKP Proprietary)
Update: The exit process for Findos-backed FFW progresses to the second phase following recently submitted indicative bids, Carnegie advising (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 5, 2022
Company to watch: Findos-backed FFW, a Global lead agency for customer-centric digital platforms, grows revenue to DKK 422m with pro-forma EBITDA of ~85m in FY21 - strong current trading prompts Findos to consider an early exit acc. to sources (NKP Proprietary)
With IPO plans on hold following the failed listing attempt in 2020, Bridgepoint is now (again) working on a sale of renal care provider Diaverum with Citi advising according to multiple sources - 2021 revenue of EUR 876m (+2.9% year-on-year) and Pro-forma EBITA of EUR 144m (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 10, 2020
Bridgepoint was looking to list Diaverum before summer - last week's health care deals could entice the PE-firm to accelerate its dual exit process soon (NKP Analysis)
Update: The planned sale of Norwegian cleantech company Enwa is progressing into second round with NBOs having been collected in mid-June, Pareto Securities advising sell-side (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 20, 2022
IMs are out for a majority stake sale of privately owned cleantech company Enwa - previously covered as a likely IPO candidate on multiple occasions (NKP Proprietary)
Update: teaser is out in planned sale of Catacap-backed TP Aerospace which is marketed of 2023 budget EBITDA of USD 72m with cash EBITDA budgeted at around USD 35m (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 31, 2022
Advised by FIH Partners, CataCap is preparing for an exit of its 2017 investment in aviation aftermarket company, TP Aerospace, as performance rebounds - expected EBITDA of DKK 250-300m in 2022 acc. 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)
Owners of Yubico - the Swedish company behind the USB and NFC authentication solution YubiKey - including founders, Bure Equity, Meritech Capital Partners, Andreesen Horowitz, and AMF, is pondering an IPO according to sources following a return to profitability and an accelerated demand caused by the lockdown's work-from-home wave with 70% growth in 2021 - Carnegie may be advising (NKP Proprietary)
The sale process for IP consultancy Zacco progresses into the due diligence phase following NBOs having been submitted in early November, Marks Baughan advising (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 9, 2022
Eterna Invest-backed Zacco, a consulting and software firm within IP protection, is headed for a sale in process led by boutique investment bank Marks Baughan according to multiple sources, 2022 EBITDA expected at DKK 65-70m (NKP Proprietary)
Founder-owned budget-conscious bake-off chain Backstube mandates investment bank to explore a majority sale, 2021 revenue of NOK 126.6m (+52% YoY) with EBITDA of NOK 19.1m (NKP Proprietary)
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