Tesi, Ilmarinen and employee owners of specialized infrastructure construction firm GRK Infra Group evaluates a majority sale advised by SEB Corporate Finance according to sources, 2020 unadjusted EBIT of EUR 22m (NKP Proprietary)
Indicative bids submitted last week in PwC-led sales process for Capidea's portfolio firm since 2017, packaging firm Westpack with 2021 EBITDA of around DKK 50m, Plesner legal advisor, according to sources (NKP Proprietary)
Update: Advised by tech-focused boutique investment bank AGC Partners, the owners of Kistefos-backed cybersecurity firm Promon is exploring an exit with material shared with several suitors this fall according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 1, 2021
Backed by Norwegian venture fund Kistefos since 2008 and strategic player Vasco since 2016, app security specialist Promon is heading for a change of ownership in Q4-2021 with international investment bank mandated, 2020 revenue of NOK 75.8m (+46% year-on-year) and EBITDA of NOK 10.6m - IMs are out according to sources (NKP Proprietary)
Update: Teasers are out in Jefferies-led sale process of Altor and Triton-backed OptiGroup - adj. EBITDA of EUR 64m in 2020 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
July 2, 2021
Advised by investment bank Jefferies, Altor and Triton are preparing for a Q3-2021 exit process for OptiGroup acc. to sources - revenue of EUR 949m with adjusted EBITA of EUR 42.7m in 2020 (NKP Proprietary)
Following successful turnaround PwC Corporate Finance has been mandated for an upcoming sale of Horsens-based EMS vendor BB Electronics with 2020 revenue of DKK 664.9m (+44% year-on-year) and normalized EBITDA of DKK 51m (NKP Proprietary)
Litorina prepares for dual-track exit process for its portfolio firm since 2007, flower retailer Euroflorist following 59% year-on-year organic growth in 2020, and has mandated Carnegie for the efforts (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 19, 2021
With a pandemic-driven boom in online flower sales and a recent early redemption of bonds, Litorina is expected to push ahead with an exit of Euroflorist acc. to sources - LTM EBITDA of SEK 192m (NKP Proprietary)
Backed by German PE firm Orlando since 2018, Swedish sawmilling business Bergkvist Siljan is heading for a sale - IMs are out in process led by Stifel Corporate Finance with indicative bids end of October, marketed at 2021 EBITDA of SEK 400m according to sources (NKP Proprietary)
Owners of anti-ransomware SaaS-firm BullWall is preparing for a full or partial sale and is reportedly working with EY Corporate Finance and Horten according to multiple sources although it is still early days, 2020 EBITA of DKK 18.5m and gross profit of DKK 31.8m (+334% year-on-year) (NKP Proprietary)
Update: Clearwater International mandated for the sale of image editing SaaS business Pixelz - IMs are out (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 16, 2021
Privately-owned Pixelz, a well-performing provider of product image editing services (SaaS), explores ownership options including a majority sale - exp. revenue of DKK 85-90m (+25% 3y CAGR) with EBITDA of DKK +20m in 2021 (NKP Proprietary)
Owners of 3Shape - the Danish-headquartered leading global dental scanner company - mandates Goldman Sachs to explore a minority sale during H2-2021 according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 14, 2020
3Shape could finally be heading towards an entreprenurial exit - Co-founders have stepped down as Co-CEO`s in the 31 pct. 3y CAGR dentistry technology firm (NKP analysis)
Delika Food Group sees large consolidation potential in Danish cold-cuts market and is open to let in an investor - EBITDA of DKK 32m, M&A process may be ongoing already as key competitor undergoes succession (NKP Proprietary)
3i Infrastructure and AMP Capital expects H2-2021 sale of offshore safety and support vessel operator Esvagt - abandons previously considered IPO track to focus exclusively on the M&A track according to two sources close to the situation (NKP Proprietary)
After fours years of ownership, Verdane could realize an 8.5x MBM on its investment in multilingual literacy software firm Lingit Group (NKP Proprietary)
Falck is moving ahead with spin-off of non-Danish Roadside Assistance acc. to sources, investor material to be circulated end of February, process is run in-house without investment bank, KPMG doing financial VDD - Lansforsakringar among potential buyers (NKP Proprietary)
Valedo in early dialogue with possible advisors re. exit of Lakrids by Bülow acc. to sources, 2019 EBITDA of DKK 29m and strong current trading as consumers eat more sweets during the Pandemic (NKP Proprietary)
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