Update: NBOs were submitted in early December in the Rothschild-guided sale of Montagu-owned DEAS, a Danish property management services provider, acc. to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
July 14, 2020
Montagu may be looking to exit DEAS soon, Altor reportedly placed a bid for the 9.6 pct. 3y CAGR company last year
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)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 25, 2022
Company to watch: Swedish Bluestep Bank - a specialist mortgage provider in Sweden and Norway owned by EQT since 2017 - represent a logical exit opportunity for the Swedish fund with growth in run-rate adjusted operating profit to "around SEK 400m" in 2021 and the successful spin-off of the non-mortgage activities and establishment in Finland, according to industry insiders (NKP Proprietary)
Update: Final bids are due in October in Rothschild-advised sale of Norwegian ferry company Fjord1, Basalt Infrastructure among potential suitors, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 1, 2023
Vision Ridge Partners and family office Havila mandate Rothschild to pursue a sale of Norwegian ferry operator Fjord1, targeting a Q3 process with teasers going out shortly, according to sources (NKP Proprietary)
Update: Nordea mandated for IPO of KKR-backed Nordic Bioscience, a developer of non-invasive biomarkers - situation first and exclusively covered by NKP M&A Insights on 11 April, process to kick off in the fall of 2022 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 11, 2022
The owners of KKR-backed Nordic Bioscience, a Danish developer of non-invasive biomarkers, is preparing for a listing after the Summer according to multiple sources - still early days with advisors currently being evaluated
Update: A second round of NBOs is expected in mid-February in the Morgan Stanley-advised efforts to carve out and divest the banking activities of Finnish IT company Tietoevry (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 17, 2023
Update: the potential divestment or listing of Tietoevry's Banking division is getting closer as Morgan Stanley has been retained to lead the efforts, 2022 revenue of EUR 521.3m and adj. EBITA of EUR 71.9m - according to sources (NKP Proprietary)
Update: Investcorp is reportedly sounding out advisors for a potential early 2024 sale of healthcare software firm Sanolium/Cambio - bond loans of SEK 800m maturing in 2024 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 24, 2022
Company to watch: Investcorp-backed Sanolium/Cambio circled by sponsors following double digit profitable growth and new CEO team in place with IPO being one option according to several sources, Q3-2021 LTM revenue of SEK 762.1m (+20.5% Y-o-Y growth in Q3-2021) and adjusted EBITDA of SEK 208.3m - around 57% of revenues are recurring (NKP Proprietary)
Update: A second round of NBOs is expected in mid-February in the Morgan Stanley-advised efforts to carve out and divest the banking activities of Finnish IT company Tietoevry (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 17, 2023
Update: the potential divestment or listing of Tietoevry's Banking division is getting closer as Morgan Stanley has been retained to lead the efforts, 2022 revenue of EUR 521.3m and adj. EBITA of EUR 71.9m - according to sources (NKP Proprietary)
Update: NBOs are due this week in the Rothschild-advised sale of a minority stake in Hempel, a global supplier of coatings and paints headquartered in Denmark (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 29, 2022
The Hempel Foundation mandates investment bank Rothschild to explore a sale of a minority stake in coating supplier Hempel, IPO on the horizon - revenue of EUR 1,774m and EBITDA of EUR 203m in FY21 (NKP Proprietary)
Process that went quiet: William Blair led sale of Keensight Capital-owned CDMO firm Biovian went quiet after NBOs were collected in December, unclear if process is still going (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 4, 2022
Update: William Blair-led process for Keensight Capital-backed CDMO company Biovian to launch in the coming weeks acc. to sources - revenue of EUR 18.7m with EBITDA of EUR 5.3m in 2021 (NKP Proprietary)
Update: The minority stake sale of Danish European Energy Group moves into the second round with multiple bidders acc. to sources, FIH Partners advising as first uncovered by NKP on 08.04.2022 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 8, 2022
European Energy Group, a privately owned developer and asset manager within renewable energy, is preparing for a minority stake sale advised by FIH Partners, 2021 EBITDA of EUR 81.2m based on revenues of EUR 328.7m (+59% year-on-year) according to sources (NKP Proprietary)
Update: Advised by Rothschild, Altor is now (again) pushing forward with the sale explorations for Transcom following an abandoned dual-track process last year according to multiple sources - FY22 revenue of EUR 717m (+15% YoY) with adj. EBITDA of EUR 93.3m (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 4, 2021
Altor-backed BPO firm Transcom may return to the stock exchange in 2021 according to rumors, strong current trading with +7.6% organic growth in Q3-2020, could be valued at EUR 1 billion (NKP Proprietary)
Update: The minority stake sale of Danish European Energy Group moves into the second round with multiple bidders acc. to sources, FIH Partners advising as first uncovered by NKP on 08.04.2022 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 8, 2022
European Energy Group, a privately owned developer and asset manager within renewable energy, is preparing for a minority stake sale advised by FIH Partners, 2021 EBITDA of EUR 81.2m based on revenues of EUR 328.7m (+59% year-on-year) according to sources (NKP Proprietary)
Finn, a VC-backed fast-growing provider of all-inclusive car subscriptions, is looking for investors for a capital raise or potentially minority stake sale in a process run without a formal corporate finance advisor, 2024E ARR of EUR 163m, acc. to sources *ESG FRIENDLY* (NKP | M&A Insights Proprietary)
Update: NBOs are due in November for the Carnegie-led sale process for Mutares-owned Frigoscandia, a Swedish provider of temperature-controlled logistics services, with IMs having been distributed, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
July 7, 2023
Company to watch: Frigoscandia, a provider of temperature-controlled logistics services and a portfolio company of Mutares since 2021, is being prepared for an exit in the near-mid term, acc. to multiple sources - revenues of SEK 3,200m in FY22 (NKP Proprietary)
Update: NBOs are due in late December in ongoing sale of Axcel-owned Danish Ship Finance (Danmarks Skibskredit) according to multiple sources, see also our proprietary article from 05 October (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 5, 2022
Ownership consortium comprising Axcel, PFA & PKA is preparing for a possible sale of Danish Ship Finance advised by investment bank MW&L Capital according to sources - net profit guidance of DKK 275m - 335m for FY 2022E (NKP Proprietary)
Advised by boutique corporate finance firm PK Partners, Procuritas is exploring ownership options for Team Olivia, acc. to sources - possible sale of parts of or the whole business (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 10, 2020
Procuritas' private care firm Team Olivia could be among this year's IPO candidates on the back of a favorable political climate and record 2019 earnings (NKP analysis)
Update: IMs are out in the Rothschild-advised process for Modular Finance with NBOs to be collected in the coming month, according to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 13, 2023
Modular Finance, a Swedish SaaS provider of financial market data and digital investor relations tools, could come to market in the near-medium term acc. to several sources - revenue of SEK 102m (+45% YoY) and EBIT of SEK 62.5m in FY22 (NKP Proprietary)
Following the successful sale of Roadworks subsidiary Otera AS, Norvestor is (still) pursuing a sale of Roadworks remaining business areas acc. to sources, William Blair advising (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 5, 2021
Norvestor may eye a timely 2021 exit of its well-performing portfolio firm Roadworks - relatively unaffected by the pandemic and estimated EBITDA of NOK 82m in 2020 (NKP Proprietary)
Update: The minority stake sale of Danish European Energy Group moves into the second round with multiple bidders acc. to sources, FIH Partners advising as first uncovered by NKP on 08.04.2022 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 8, 2022
European Energy Group, a privately owned developer and asset manager within renewable energy, is preparing for a minority stake sale advised by FIH Partners, 2021 EBITDA of EUR 81.2m based on revenues of EUR 328.7m (+59% year-on-year) according to sources (NKP Proprietary)
Update: Francisco Partners is pursuing a nearly EUR 1,000m refinancing for software group EG in the wake of a prior dual-track process, acc. to sources - minority-stake sale still on the table (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 11, 2022
Listing of Francisco Partners owned software provider EG in advanced stage with analyst presentations held before the Holidays, listing expected in Q1-2022 or early Q2-2022 at the latest, according to sources (NKP Proprietary)
Update: Ownership explorations for Green Instruments advised by Clearwater Intl. have been relaunched, acc. to sources - EBITDA of DKK 35m in FY22 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 18, 2020
Privately owned Green Instruments might be looking for a buyer
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