Distressed debt fund Oaktree is seeking new owners this Spring for its German fitness platform, LifeFit Group, a portfolio firm since 2012 that was rebranded in 2019 as a buy-and-build vehicle from Fitness First Germany - Houlihan Lokey advising with premarketing ongoing (NKP Proprietary)
Update: The William Blair-led sale process for the camera hardware business of Axcel-owned Phase One Group has reached the second phase with NBOs having been submitted in mid-February (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 8, 2023
Company to watch: Axcel is in preliminary exit preparations for the camera (hardware) part of Phase One Group, a Danish integrated software/hardware photography solutions provider, with advisor discussions ongoing, acc. to sources - EBITDA of DKK 43m in FY22 (NKP Proprietary)
OpenGate is working with int. investment bank on a sale of silicon-carbide firm Fiven before the Summer following record 2022 results with adjusted EBITDA of EUR 61.5m, according to sources - opportunity first and exclusively covered by NKP in October (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 19, 2022
Company to watch: Fiven, a sillicon-carbide manufacturer carved-out from Saint-Gobain in 2019 by US private equity firm OpenGate Capital, reports 2021 revenue of EUR 127.4m and EBITDA of EUR 21.2m and may come to market in 2023 according to multiple industry commentators (NKP Proprietary)
Emeram appoints UBS to guide a sale of diva-e, an international digital agency and Transactional Experience Partner with EBITDA of around EUR 17m, which lies in the sponsor's 2015 vintage fund (NKP Proprietary)
Update: Jefferies mandated for the planned sale of Nordic Capital-owned Sunrise Medical, a Malsch-Baden-Württemberg headquartered wheelchair maker with 2022 revenues of EUR 605m - according to sources (NKP Proprietary)
Swedish sports video recording and analysis company Spiideo explores ownership options advised by investment bank NOR Capital acc. to sources - expected ARR of SEK 100m in 2022 (NKP Proprietary)
Update: The Clearwater-led sale process for DOT, a Denmark-based surface treatment provider, has reached an advanced stage following NBO submissions in March, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 22, 2023
Corporate finance advisor mandated for ownership explorations of DOT, a pan-Scandinavian surface treatment provider, following strong full-year figures, acc. to sources - EBITDA of DKK 162m in FY22 (NKP Proprietary)
Update: NBOs are due next week in the DC Advisory-led exit process for Umove, a Danish private bus operator owned by Cube Infrastructure Partners since 2017 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 29, 2023
Cube Infrastructure Partners is in the early stages of preparing a sale of Umove, a Danish private bus operator within public transportation, according to multiple sources - revenue of DKK 1,002m and EBITDA of DKK 130m in FY22 (NKP Proprietary)
Go North, an investment platform and aggregator of third party Amazon reseller brands, is actively preparing for an IPO-weighted dual-track later this year advised by Carnegie, backed by eEquity since 2022 (NKP Proprietary)
Update: NBOs are due on March 27 in auction process for DB Schenker following buyer beauty parade to be held at the March 15 meeting of the Railway Supervisory Board, according to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 28, 2023
Update: DB Schenker to be sold as one unit and not split up it has been decided by Deutsche Bahn's supervisory board amid the ongoing strategy review and planned high-profile sale advised by Goldman Sachs, Morgan Stanley, and Deutsche Bank (Press release/NKP Proprietary)
Update: The Evercore-advised process for Triton's subsea services firm DeepOcean is still ongoing, however, the focus has changed towards a refinancing in the short-term followed by a renewed sale or IPO attempt, most likely during H1-2024 - according to several sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 30, 2022
Company to watch: Subsea services firm DeepOcean - a Triton portfolio firm since 2016 - is benefitting dramatically from the surge in oil and gas prices and is a likely exit (IPO) candidate for H2-2022 following a successful turnaround of the UK activities, integration of a new ERP system, and a new financing agreement - according to sources (NKP Proprietary)
Update: NBOs are due on March 27 in auction process for DB Schenker following buyer beauty parade to be held at the March 15 meeting of the Railway Supervisory Board, according to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 28, 2023
Update: DB Schenker to be sold as one unit and not split up it has been decided by Deutsche Bahn's supervisory board amid the ongoing strategy review and planned high-profile sale advised by Goldman Sachs, Morgan Stanley, and Deutsche Bank (Press release/NKP Proprietary)
Company to watch: Amid the Finnish state's continued divestment explorations of the national postal services provider Posti Group, sources suggest that its Logistics business may be the likely medium-term exit candidate - EBITDA of EUR 34.6m in FY22 (NKP Proprietary)
Update: NBOs have been collected in Harris Williams-advised process for Axcel-owned Loopia Group, a Swedish domain and web hosting services provider, according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 27, 2022
Company to watch: Axcel-owned pan-European web and hosting services provider Loopia emerges as a strong exit candidate following a successful buy-and-build strategy and a fast growing managed services market (NKP Proprietary)
Update: NBOs are due on March 27 in auction process for DB Schenker following buyer beauty parade to be held at the March 15 meeting of the Railway Supervisory Board, according to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 28, 2023
Update: DB Schenker to be sold as one unit and not split up it has been decided by Deutsche Bahn's supervisory board amid the ongoing strategy review and planned high-profile sale advised by Goldman Sachs, Morgan Stanley, and Deutsche Bank (Press release/NKP Proprietary)
Gigasun (publ.), a Stockholm-headquartered solar energy firm operating in China, is exploring ownership options to secure future growth - the process is still at an early stage with advisors soon to be appointed (NKP Proprietary)
Soundtrack your Brand, a background music streaming service backed by Balderton Capital since 2017, shelves previously announced IPO plans and is working on a capital raise in the private market according to sources (NKP Proprietary)
Update: Via Equity-owned Mansoft, a managed IT services provider focused on the Microsoft platform, reports 2022 EBITDA of DKK 30m and remains in exit mode with Deloitte Corporate Finance (still) holding the mandate, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 26, 2021
Following the recent high traded multiples for IT consultancies Globeteam and ProData Consult, VIA Equity is expected to test the market for its 2016 investment in Mansoft acc. to sources - EBITDA of DKK 29.4m in 2020 (NKP Proprietary)
Company to watch: BRP Systems, a provider of enterprise software solutions and digital solutions to the fitness and leisure industry, owned by Valedo since 2017, continues strong development and could appear as an upcoming exit candidate - revenue of around EUR 20m (>80% recurring) and cash EBITDA of EUR 4m in FY23E acc. to sources (NKP Proprietary)
Company to watch: Amid improved financial market conditions and robust continued topline growth, NKP's sources expect a relaunch of EQT's ownership considerations in Banking Circle, a provider of global payments and banking services, by 2025 - ARR of EUR ~300m by end-2023 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 6, 2021
EQT mandates Citi and Morgan Stanley to explore a sale of its Danish fintech company Banking Circle (NKP Proprietary)
Triton pulls planned listing of military vehicles gearbox-maker Renk following unfavorable market conditions, as the first day of trading was planned for tomorrow 05 October (Press release/NKP Proprietary/Bloomberg)
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