(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)
Several sponsors currently reviewing the opportunity of taking EHSQ SaaS firm EcoOnline private which triggered the strategic review announcement from 07 April (NKP Proprietary)
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)
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)
Owners of Norwegian HCM SaaS developer and service provider CatalystOne exploring ownership options including a majority sale - 2020 revenue of NOK 114.7 and NOK 11.7m EBITDA - investment bank mandated for process expected in H1-2022 (NKP Proprietary)
Axcel mandates investment bank Carnegie for an exit of in-vitro diagnostics equipment firm Aidian (formerly Orion Diagnostica) - a portfolio firm since 2018 now marketed at 2021 EBITDA of EUR 20m following a significant boost from Covid-19 and a Benelux bolt-on earlier this year (NKP Proprietary)
Founders of Copenhagen-based Identity & Access Management (IAM) SaaS firm 2ndC mulls a majority sale in 2022 to accelerate international roll-out on top of market-leading position in Denmark with +68% year-on-year growth in ARR to DKK 11m as of Jan-2022, 2021 total revenue of DKK 24m - Tofte & Company mandated with teasers to be distributed later this month, according to sources (NKP Proprietary)
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