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)
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)
Advised by FIH Partners, Investcorps' exit process of Danish design brand Georg Jensen advances with indicative bids to be submitted by the end of April - First covered by NKP in Mid-2021 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 30, 2021
With a +71% YoY growth in online sales, luxury design brand Georg Jensen is slowly bouncing back from a pandemic-driven dip in 2020 - Investcorp is preparing for an exit in late 2021 following a bumpy 9 year ownership according to sources (NKP Proprietary)
Update: the sale of Devico, a leading supplier of surveying and directional drilling equipment for the global precious metals mining industries, has moved to second phase with due diligence ongoing - first covered by NKP on 07 Sep 2022 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 7, 2022
Salvesen & Thams-backed (20.6%) Devico, a surveying and directional drilling equipment maker for the global onshore mining industries, is being readied for a sale with investment bank mandated - 2021 revenue of NOK 376m and EBITDA of NOK 181.1m, according to multiple sources (NKP Proprietary)
The ownership of founder-held affiliate advertising network Adservice may soon change hands following process advised by Clearwater, according to multiple 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)
Owners of Gubra, a founder-owned biotechnology and pre-clinical contract research services organisation ("CRO") and biotechnology firm, are working on a listing or minority sale later this year according to multiple sources, 2020 EBITDA of DKK 32m (NKP Proprietary)
Following the Dec 29 settlement of SalMar's NOK 15,100m acquisition of NTS, the acquirer is expected to consider a sale of Frøy, the separately listed wellboat services business of NTS, according to multiple industry sources (NKP Proprietary)
Norwegian investment bank mandated for upcoming sale of Maj Invest's 2012 investment in Vega Sea - a manufacturer of smoked and fresh salmon food products - with 2020/21 revenue of DKK 1,071m (-1.4% year-on-year) and adjusted EBITDA of DKK 31.4m (NKP Proprietary)
Verdane in preliminary dialogue with investment banks for a H2-2021 exit process of high-growth wind turbine components firm Polytech - draws interest from several larger private equity funds and family offices, EBITDA of DKK +300m for 2020 (NKP Proprietary)
Update: Final bids submitted in the Nordic M&A-led sale process for E-learning SaaS platform GoLearn, signing expected before Christmas acc. to sources - marketed off an ARR of DKK 24m in 2022E (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 5, 2022
Advised by boutique investment bank Nordic M&A, the owners of Danish E-learning SaaS platform GoLearn explore ownership options with teaser material having recently been distributed - marketed off an ARR of DKK 24m in 2022E (NKP Proprietary)
The sale process for privately owned Damvad Analytics, a Danish data analytics and IT consultancy, is reaching an advanced stage advised by investment bank Carlsquare acc. to sources (NKP Proprietary)
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: Carnegie-advised sale of IK-owned cantine operator Meyers is gaining speed with multiple bidders having made it to the second round, DD ongoing, and final bids in December (NKP Proprietary)
Teasers are out in the sale process for privately owned gift items and flower supplier Nordiq advised by Clearwater - 2021 EBITDA of DKK 37m (NKP Proprietary)
Update: Information memorandums have been distributed in EY-led sales efforts for Robotize, a Danish AMR firm - first reported by NKP on 07 September (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 7, 2022
Founder-owned Robotize, the company behind the GoPal autonomous robot, is exploring a sale advised by EY Corporate Finance according to multiple sources (NKP Proprietary)
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