Binding bids have been submitted in the Goldman Sachs-advised sale process for Saxo Bank, according to multiple sources (NKP | M&A Insights Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 17, 2024
Following the halted SPAC listing on Euronext Amsterdam in H2-2022, the owners of Saxo Bank have switched the focus towards an M&A track with pre-sounding currently commencing - Goldman Sachs advising acc. to multiple sources (NKP Proprietary/Reuters)
Update: The William Blair advised sales process of Herchenbach, a manufacturer of temporary and semi-permanent industrial and commercial structures, is entering phase II after NBO collection end of October, marketed off 2024E adjusted EBITDA of EUR 15m, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
July 17, 2024
Two privately-owned lightweight/semi-permanent warehouse facilities and tent providers are in the market, Eschenbach Zeltbau and Herchenbach Industrial, respectively, advised by Walter Fries and William Blair, respectively, marketed off 2024 adjusted EBITDA of EUR 5m and EUR 15m, according to multiple sources (NKP Proprietary)
Creathor Ventures-backed Zadego, the company behind the booking and property management software solution “easybooking”, explores ownership options advised by Carlsquare - marketed off an ARR of EUR 8m acc. to sources (NKP Proprietary)
Update: Nalka-backed Asker Healthcare Group sets sights on H1-2025 IPO after last year’s sale explorations, according to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 29, 2024
Morgan Stanley mandated for potential sale of Nalka-owned medical supplies group Asker Healthcare following February's beauty parade with a minority sale this year followed by a 2024 IPO not being ruled out either - VDD work ongoing, according to sources (NKP Proprietary)
OrderYOYO (publ.), a provider of ordering, payment, marketing software, and POS solutions to takeaway restaurants which acquired German peer "app smart", may resume P2P talks during 2025, following a Stifel-advised process over the summer of 2024, acc. to sources (NKP | M&A Insights Proprietary)
Update: The Teaser is out in the Stifel-advised (relatively narrow) sales process of Germanedge, a manufacturing operations software buy-and-build platform, backed by Alpina since 2016 - marketed off 2024E EBITDA of EUR 7m, according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 11, 2024
Alpina Partners is soon to appoint advisors for a H2-2024 sale of Germanedge - a manufacturing operations software buy-and build platform lying within the sponsor’s 2014 vintage fund - accọrding to sources (NKP Proprietary)
Update: TCG Corporate Finance has been engaged to run the sale process of Timetoact, a portfolio firm of Equistone since 2021, marketed off 2023 adj. EBITDA of around EUR ~30m, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 22, 2024
Equistone is preparing a sale process for its IT consulting group Timetoact, marketed off 2023 adj. EBITDA of around EUR ~30m, acc. to sources (NKP Proprietary)
Family-owned medtech firm Biotronik appoints Goldman Sachs for a potential sale of their Vascular intervention (stent) business with EUR 55-60m in adjusted EBITDA, with the contemplations still in early days, according to multiple sources (NKP Proprietary)
BASF has reportedly mandated J.P. Morgan and BofA for a H2-2025 sale of its automotive-exposed Coatings business, amid strategic review and the more imminent sale of the business unit's Brazilian decorative paints sub-division, acc. to multiple sources (NKP | M&A Insights Proprietary)
The owners of Sweden-based point-of-sales (POS) and payment solutions provider Yabie explore ownership options, with early-stage discussions having commenced with prospective suitors (NKP Proprietary)
Update: NBOs were submitted on 14 Dec in the UBS-advised sale of VC-backed air passenger claims management app AirHelp, drawing strong interest, acc. to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 7, 2023
VC-backed AirHelp, a Berlin-headquartered provider of tech-enabled flight compensation services, is being prepared for a sale advised by UBS, acc. to sources - run-rate annualised revenues of EUR 74m (+106% YoY) and annualised EBITDA of EUR ~10m (NKP Proprietary)
Update: Current status of Carlsquare guided sale of Implico, a BPE portfolio firm since 2018 supplying SAP-based ERP software solutions to the oil- and gas sector, may relaunch in H1-2025 acc. to sources (NKP | M&A Insights proprietary)
Update: William Blair has been mandated to advise on the upcoming exit process for Checkmk, a “DevOps” and “ITOps” software provider, expecting 2024E ARR of EUR 30m (+33% YoY) and EBITDA of EUR 7m, acc. to sources (NKP | M&A Insights Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 4, 2024
Company to watch: The founder of Checkmk, a “DevOps” and “ITOps” software provider, is reportedly planning to explore potential ownership options, amid 2023 ARR of EUR 22m (+33% YoY) and EBITDA of EUR 5m, acc. to sources (NKP | M&A Insights Proprietary)
Update: Bahrain-based Investcorp’s sale process of product content management software Contentserv, led by Raymond James, is advancing to the next phase, with bids collected this week, intending to wrap-up the process this side of the year, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 6, 2024
Bahrain-based Investcorp has reportedly engaged investment bank Raymond James to explore a sale of German product content management software firm Contentserv later this year - currently performing at an ARR of ~EUR 30m with profitability according to some sources (NKP Proprietary)
Update: Jefferies reportedly mandated for upcoming auction process for Swixx Biopharma, a distributor of rare diseases prescription- and OTC medicines backed by Merieux Equity Partners since 2021, 2024 EBITDA of around EUR 85m, acc. to sources (NKP | M&A Insights Proprietary)
Saxenhammer is guiding a sales process of founder-owned embeddeers, a specialist for embedded software development for the automotive industry, which has been suffering from recent downturns in the automotive industry - with revenues of around EUR ~10m, acc. to sources (NKP | M&A Insights Proprietary)
After achieving an 80% YoY growth in ARR, Swiss-based RoomPriceGenie, a provider of automated hotel pricing software, has appointed AGC Partners to oversee the sale of a minority stake - marketed off an ARR of EUR 9m acc. to sources (NKP Proprietary)
Update: Updated IMs are being circulated in connection with the UBS-advised efforts by FLSmidth (publ.) to divest its Cement business, acc. to several sources (NKP Proprietary)
Company to watch: Bridgepoint is preparing Evac, a Finland-based provider of sustainable waste, wastewater, and water management systems held since 2017, for a possible exit process expected for H1-2025, acc. to sources (NKP Proprietary)
The owners of IPTV software provider Baze Technology have mandated Deloitte Corporate Finance to explore ownership options with teasers having recently been distributed - revenues of NOK 121m (+15% YoY) and EBITDA of NOK 31m in FY22 (NKP Proprietary)
Update: J.P. Morgan and Carnegie to lead dual track sale of EQT-owned specialist mortgage firm Bluestep Bank - an opportunity first and exclusively covered by NKP on 25 January (NKP Proprietary)
Company to watch: Berlin-based private equity firm Flex is reportedly weighing an H1-2025 sale of its portfolio firm OMS Group, consisting of three companies that specialise in output/document management software, with revenues of EUR 22m and adj. EBITDA of EUR 10m in 2023, acc. to multiple sources (NKP Proprietary)
Altapay, a well-performing payment service provider, explores ownership options advised by EY Corporate Finance with teasers currently shared - ARR of DKK 53m (+15% YoY) and EBITDA of DKK 13m in 2024E acc. to sources (NKP Proprietary)
Update: IMs are circulating in the Bank of America and Deutsche Bank advised sale process of facility management provider Apleona backed by PAI Partners - marketed off 2023 adj EBITDA of EUR 300m (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 14, 2023
BofA, Deutsche Bank, and Hengeler Mueller mandated for a H1-2024 sale of pan-European real estate and facility manager Apleona - a PAI Partners portfolio firm since 2020 with revenues of EUR 3,500m and EBITDA of around EUR 250-300m - process scheduled for Q1-2024, Nordic Montagu-owned DEAS also (still) in the market, acc. to sources (NKP Proprietary)
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