Extracts from our daily coverage

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December 20, 2024
Swedish AQ Group to acquire mdexx Magnetronics Unit from Lafayette Mittelstand Capital - at EV/EBITDA of 5x
Press Release
June 11, 2024

Carlsquare is advising on “Project Thunderstruck” - a combined exit process for the two manufacturers of electrical winding components for the railway infrastructure and renewable energy industries, mdexx and Michael Riedel GmbH, which used to both be part of Chinese Lince Group - combined EBITDA of EUR ~6m, according to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights

Headline from pre-deal coverage in M&A Insights
December 19, 2024
Finland-based LeadDesk (publ.) acquires Zisson, a Norwegian contact center software provider, from Verdane for EUR 10m
Press Release
January 19, 2024

Zisson, a Norwegian cloud-based CCaaS company backed by Verdane since 2018, experiences steady growth and is tipped as a near-medium term exit candidate by NKP’s sources - revenue of NOK 102m (+23% YoY) in FY22 with the vast majority driven by recurring streams (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 19, 2024

Zisson, a Norwegian cloud-based CCaaS company backed by Verdane since 2018, experiences steady growth and is tipped as a near-medium term exit candidate by NKP's sources - revenue of NOK 102m (+23% YoY) in FY22 with the vast majority driven by recurring streams (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 18, 2024
Voyado, a Swedish SaaS-based customer experience platform, secures a SEK 75m investment from H&M (publ.) at a SEK ~3bn valuation - 5x sales
Press Release
April 15, 2024

Update: IMs have been distributed and NBOs are soon to be collected in the William Blair-guided sale process for Verdane- and Novax-backed Voyado, a Swedish customer experience SaaS platform (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 21, 2023

Update: William Blair has been engaged to advise on the potential sale of Verdane- and Novax-backed Voyado, a Swedish customer experience SaaS platform, acc. to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 17, 2024
Update: The UBS-advised sale process for FLSmidth's (publ.) Cement business is expected to conclude in early 2025, acc. to Børsen
Børsen
September 12, 2024

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)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 16, 2024

Update: Denmark-headquartered FLSmidth (publ.) entertained pitches from corporate finance advisors end-January in connection with its exploration of divestment options for its Cement business (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 16, 2024
American Industrial Partners acquires Norwegian marine services and vessel operations company FSV Group
LinkedIn
October 8, 2024

Update: NBOs are due in late October in connection with the Arctic Securities-led ownership explorations for privately held marine services and vessel operations company FSV Group (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 3, 2024

Privately held marine services and vessel operations company FSV Group explores ownership options advised by Arctic Securities acc. to sources - Revenues of NOK 406m and EBITDA of NOK 144m in FY23 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 12, 2024
Main Capital Partners acquires encryption software company procilon Group from Harald Quandt Industriebeteiligungen
Press Release
October 11, 2024

Update: The Houlihan Lokey-advised sale process of Procilon, a cybersecurity firm backed by HQ Industrie-Beteiligungen since 2019, is advancing into the second phase with first-round bids having been collected last week, acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 27, 2024

Houlihan Lokey is mandated to oversee the post-Summer sales process of encryption software company procilon Group - backed by HQ Industribeteiligung since 2019, to be marketed of 2024E EBITDA of EUR 10m, acc. to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 12, 2024
Odevo secures USD 1.43bn refinancing package following CVC Capital stake acquisition
Press Release
August 29, 2024

CVC Capital acquires a significant minority stake in Fidelio-backed Odevo, a Swedish tech-enabled property manager

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 7, 2023

Company to watch: Fidelio-backed since 2018 and rebranded as Odevo last year - a Swedish technology-enabled service group in the residential property management sector - appears as a potential exit candidate acc. to multiple sources with 2022 revenue of SEK ~3,800m (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 5, 2024
US-based United Safety acquires Dafo Vehicle, a Swedish provider of fire detection and suppression systems, from Sobro
Press Release
July 4, 2024

Update: The Bryan, Garnier & Co.-advised process for Sobro-backed Dafo Vehicle Fire Protection has progressed to the second round, according to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 2, 2024

The owners of Sobro-backed fire detection and suppression systems supplier Dafo Vehicle Fire Protection have recently appointed investment bank Bryan, Garnier & Co. for a potential sale of the company in 2024 - expected to be marketed off EBITDA of around SEK 100m (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 2, 2024
Verdane-backed momox Holding, a Berlin-based re-commerce site for used books, completes EUR 125m Bond Issue with ABG Sundal Collier as sole manager
Press Release
July 15, 2024

Update: R.W. Baird mandated for the sale of Verdane-backed Momox, a second-hand online platform for Books, Media, and Fashion, according to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 24, 2024

Verdane is in the market with its re-commerce portfolio firm, Momox, a second-hand online platform for Books, Media, and Fashion, delivering 2023 revenues of EUR 347m, acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 2, 2024
Sponsor Capital acquires online local directory platform Hitta.se from Sprints Capital at a price of SEK 400m
Breakit
June 19, 2024

Update: Sprints Capital is preparing to relaunch the exit process for online local directory platform Hitta.se in H2-2024, according to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 31, 2022

Company to watch: Hitta.se, a portfolio firm of Sprints since 2017, projects revenues of approx. SEK 250m with EBITDA of SEK 55m in 2022E - ownership options are likely to be explored in the near-medium term acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 28, 2024
Carnegie, Nordea, and Citi appointed for the potential listing of Nalka-backed Asker Healthcare
Bloomberg
October 14, 2024

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
May 12, 2022

Company to watch: Asker Healthcare Group, the Nalka-backed group of Northern European medical supplies and healthcare services firms including Swedish OneMed, is expected to "open up for new external capital" after the Summer following the integration of multiple bolt-ons and a continued aggressive roll-up strategy, according to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 25, 2024
Update: Børsen confirms NKP's earlier coverage of EQT's sale explorations for Banking Circle, a provider of global payments and banking services - Morgan Stanley and FT Partners advising
Børsen
April 23, 2024

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)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 20, 2024
Ontario Teachers' Pension Plan acquires a co-controlling stake in Max Matthiessen from Nordic Capital at an EV of EUR 1bn and EV/EBITDA of ~25x
Press Release
October 4, 2024

Update: NBOs are due 16 October 2024 in connection with Nordic Capital's exit process for Max Matthiessen, a Sweden-based pensions and insurance firm, acc. to several sources - Houlihan Lokey advising (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 1, 2024

Company to watch: As Max Matthiessen continues its buy-and-build strategy and gears up for further geographic expansion, Nordic Capital may be tempted to weigh ownership options in H2-2024 or H1-2025 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 20, 2024
Mavco Investments and Avenue Capital to acquire Hubergroup for EUR 462m at an implied EV/EBITDA multiple of 7.7x (FY24)
Press Release
September 6, 2024

Final bids are collected for the privately-owned printing ink specialists Hubergroup is exploring ownership options with PwC Corporate Finance, marketed off 2024 adjusted EBITDA of EUR ~60m

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 28, 2024

Privately-owned printing ink specialists Hubergroup is exploring ownership options with PwC Corporate Finance, to be marketed off 2024 adjusted EBITDA of EUR ~60m, acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 19, 2024
Rheinmetall AG outlines strategic M&A plans to bolster growth
Press Release
June 16, 2022

Finnish PE fund Bocap looks to acquire 6-8 companies in its third fund, prepares to raise up to EUR 300m in Fund IV towards end of 2023

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 29, 2020

Jula with strong financial muscle to acquire businesses

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 15, 2024
Inflexion acquires majority stake in Finanzen.net from Axel Springer reportedly for around EUR 400m, at an EV/EBITDA multiple of 16.32x (FY23)
Press Release
June 10, 2024

Update: Final bids are due on 12 June in Houlihan Lokey-guided sale of Axel Springer's Finanzen.net business - an online financial news site and retail stock trading platform - according to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 16, 2024

Update: sell-side materials are out in the Houlihan Lokey guided sale of KKR-backed Axel Springer's Finanzen.net - a financial news site and retail stock trading platform (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 14, 2024
NEA Partners-backed Euroflorist acquires UK-based Serenata Flowers amid future IPO plans
Breakit
September 27, 2021

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)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 14, 2024
Stockholm Exergi Issues SEK 500m in new Green Bonds
Press Release
April 20, 2021

Update: Indicative bids for the sale of Fortum's district heating network Stockholm Exergi are due in the first week of May 2021 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 20, 2020

Finnish energy firm Fortum hires Citi as co-adviser on Stockholm Exergi sale

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 4, 2024
Norway's largest energy company Å Energi to acquire Fredrikstad Municipality's 51% stake in Fredrikstad Energi (FEAS) at an EV of NOK 3.3bn
Press Release
September 12, 2024

Update: Due diligence efforts are ongoing in the SEB-advised sale process for Fredrikstad Energi, a Norwegian energy company, acc. to several sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 11, 2024

The Municipality of Fredrikstad has mandated SEB to explore ownership options of its 51% stake in Norwegian energy company Fredrikstad Energi with teasers being out, according to sources - Revenues of NOK 797m with an adj. EBITDA of NOK 238m in FY23 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 29, 2024
Panasonic's subsidiary Zetes acquires a 50% stake in Danish AMR firm Robotize
JP Finans
September 26, 2022

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)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 28, 2024
Norway-based private equity firm Norvestor acquires Wint, a Swedish accounting automation SaaS provider
Press Release
October 16, 2024

Update: Ownership explorations for accounting automation SaaS provider Wint are reportedly "live" with ABG Sundal Collier advising on the efforts (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 10, 2024

Company to watch: Wint, a fast-growing SaaS-based accounting automation solution provider, is considering ownership options as the company enters a new growth phase - ARR of SEK ~130m as of end Q1-2024 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 22, 2024
Rivean acquires Perbility, a cloud-based HR software from Main Capital
Press Release
September 16, 2024

Update: The Rothchild-advised sales process for Perbility, a cloud-based HR software solutions provider and a Main Capital portfolio firm, is now live, acc. to sources - marketed off 2023 adjusted EBITDA of EUR 10m (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 20, 2024

Main Capital Partners is reportedly mulling a sale of its cloud-based HR software provider Perbility following two bolt-ons, advised by Rothschild and to be marketed off 2023 adj. EBITDA of around EUR 10m - acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 17, 2024
ABB sets sights on M&A with USD 1 billion allocation for acquisitions
Reuters Deals
June 16, 2022

Finnish PE fund Bocap looks to acquire 6-8 companies in its third fund, prepares to raise up to EUR 300m in Fund IV towards end of 2023

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 29, 2020

Jula with strong financial muscle to acquire businesses

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 8, 2024
MBL Group could be valued at over DKK 1bn in ongoing sale process, according to news media
Inside PE
January 19, 2024

Update: Jefferies has been appointed to guide the ownership explorations for Denmark-based CDMO MBL Group, minority-backed by Baltic PE firm INVL, according to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 23, 2023

Global medical mobility device manufacturer MBL Group, minority-backed by Baltic PE firm INVL since 2020, may weigh ownership options in the near mid-term, acc. to multiple sources - Revenues of EUR ~100m (+12% YoY) and EBITDA of EUR 16m in FY23E (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 30, 2024
CGE Partners and Five Arrows acquire a majority stake in Intact, a provider of end-to-end auditing workflow software from IMCap Partners
Press Release
July 5, 2024

Update: the Baird-guided auction process for Intact, a specialized ERP SaaS provider for the certification services sector owned by IMCap since 2018, has been preempted by a financial buyer (known to NKP), according to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
July 2, 2024

PE firm IMCap Partners explores ownership options for Intact, a specialized SaaS ERP system provider focused on audit, certification, and standards management, with IM's having been distributed - revenue of EUR 16m in FY23, acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights

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