Extracts from our daily coverage

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March 14, 2024
Update: Citi and Danske Bank mandated for A.P. Møller-Mærsk's separate listing of Svitzer, according to news media
Borsen

Headline from pre-deal coverage in M&A Insights
June 28, 2023

Company to watch: As a result of the strategic review announced in March, A.P. Moller Maersk is preparing for a possible sale of Svitzer, a leading global towage operator - revenue of USD 774m and EBITDA of USD 229m in FY22 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 13, 2024
Norvestor-backed PHM Group, a Finnish provider of property maintenance services, plans an additional EUR 35m bond issue
Press Release

Headline from pre-deal coverage in M&A Insights
February 29, 2024

Company to watch: PHM Group, a Nordic provider of property maintenance services owned by Norvestor since 2020, is tipped by NKP's sources as a possible near/mid-term exit candidate on the back of strong growth - sales of EUR 763m (+39% YoY) and pro-forma EBITDA of EUR ~120m in 2023 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 13, 2024
Update: Bloomberg confirms NKP's coverage of Trackunit's ownership explorations
Bloomberg

Headline from pre-deal coverage in M&A Insights
October 26, 2020

As investment banks are invited to pitch, Gro Capital and Goldman Sachs MB may cash in DKK 2bn in an exit of telematics firm Trackunit (NKP Proprietary / Analysis)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 12, 2024
Investcorp-backed Sanolium/Cambio issues SEK 1,000m in senior secured bonds
Press Release
June 30, 2023

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)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 12, 2024
H.I.G. Capital announces sale of ICG Group to SPIE Group
Press Release

Headline from pre-deal coverage in M&A Insights
December 14, 2023

Telecommunications infrastructure service provider ICG Group is being put up for sale by its owners since 2021, the Miami-based private equity fund H.I.G., in a process advised by Houlihan Lokey with non-binding offers collected before the Holidays, DD scheduled for January (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 12, 2024
Siemens' Innomotics unit may be sold to Nidec or KPS Capital Partners
Bloomberg

Headline from pre-deal coverage in M&A Insights
June 20, 2023

Following the previously communicated review and carve-out of Siemens' Motors and Large Drives business "Innomotics", BNP Paribas has now been mandated to explore a sale (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 12, 2024
Norwegian silicon-based materials manufacturer Elkem (publ.) divests its financial investment in battery materials company Vianode to co-owners Altor and Norsk Hydro
Press Release

Headline from pre-deal coverage in M&A Insights
January 13, 2022

Advised by ABG Sundal Collier, Norwegian publ. listed Elkem seeks external investors for its battery-metals subsidiary Vianode

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 11, 2024
Company to watch: EQT-backed 3Shape, a Danish developer of 3D scanners, reports strong growth in 2023 earnings report, eyes a possible IPO in the mid-term - revenues of DKK 3,300m and EBITDA of DKK 1,300m
Børsen
August 10, 2021

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)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 11, 2024
Norvestor-backed PHM Group contemplates a EUR 265m bond issue
Press Release

Headline from pre-deal coverage in M&A Insights
February 29, 2024

Company to watch: PHM Group, a Nordic provider of property maintenance services owned by Norvestor since 2020, is tipped by NKP's sources as a possible near/mid-term exit candidate on the back of strong growth - sales of EUR 763m (+39% YoY) and pro-forma EBITDA of EUR ~120m in 2023 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 11, 2024
KKR sale of Selecta faces difficulties due to price expectations
FuW

Headline from pre-deal coverage in M&A Insights
December 15, 2023

Update: KKR's sale process of Switzerland-based Selecta, provider of vending machines with 2023 adjusted EBITDA of EUR 250m, has kicked off with VDD ongoing, advised by McKinsey, acc to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 11, 2024
Private equity firm TPG in negotiations to acquire metering firm Techem from Partners Group
Bloomberg

Headline from pre-deal coverage in M&A Insights
November 15, 2023

Update: with management presentations completed in October, IMs being out, and an NBO deadline of second half of December, metering firm Techem's dual-track process mainly draws interest from infrastructure and pension funds, according to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 11, 2024
Norwegian investment firm AWC acquires 25% stake in Norwegian facility services company Tomagruppen
Finansavisen

Headline from pre-deal coverage in M&A Insights
April 28, 2023

Company to watch: Tomagruppen, a Norwegian family-owned facility services company which last year acquired Alliance+ in Norway, may be considering succession options as Founder and CEO is nearing retirement age and revenue has almost doubled in five years (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 8, 2024
Update: Advent, Carlyle and Ardian show interest in German medical center operator Sanecum Group
Bloomberg

Headline from pre-deal coverage in M&A Insights
February 15, 2024

Outpatient medical care group Sanecum Gruppe, backed by Adiuva Capital since 2019 and pushed to a continuation vehicle last year, is being prepared for a 2024 sales process guided by J.P. Morgan amid a challenging regulatory environment in Germany - according to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 7, 2024
DHL steps back from DB Schenker acquisition race and DSV remains a potential buyer
Borsen
February 29, 2024

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)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 7, 2024
DIF Capital Partners and EDF Invest completes acquisition of Norwegian ferry company Fjord1 - Norwegian pension fund Kommunal Landpensjonskasse (KLP) secures 20% minority stake
Finansavisen
September 28, 2023

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)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 7, 2024
Danish KKR-backed biotech company Nordic Bioscience considers IPO or sale, according to news media
Børsen
June 7, 2022

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

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 7, 2024
Digital locking systems provider iLOQ, a portfolio firm of Nordic Capital, issues new EUR 55m bonds
Press Release

Headline from pre-deal coverage in M&A Insights
May 20, 2022

Company to watch: Growing inbound interest following strong growth in 2021 and consolidation in the digital and physical security industry may trigger an early exit in Nordic Capital owned Iloq w. 2021 revenue of EUR 105m (+42% YoY) - acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 5, 2024
Tietoevry (publ.) releases preliminary financial information in connection with the potential demerge and listing of Tietoevry Banking
Press Release
January 31, 2024

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)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 5, 2024
Swedish PE firm Summa Equity acquires Norwegian fish health company STIM from founder and chairman Jim-Roger Nordly
Press Release

Headline from pre-deal coverage in M&A Insights
December 4, 2023

Privately held STIM, a leading fish health products and services company, explores ownership options advised by ABG Sundal Collier with IMs out according to sources - Sales of NOK 1,206m in FY22 with expected topline growth in FY23E (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 5, 2024
Evonik divests superabsorber business to International Chemical Investors Group
Press Release

Headline from pre-deal coverage in M&A Insights
November 9, 2023

Chemical company Evonik (publ.) realized a EUR 233m impairment on Superabsorbents ahead of the planned divestment of the business (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 5, 2024
Swedish private equity firm Altor is now the largest shareholder in Finnish wealth management and life insurance firm Mandatum (publ.) at 16.6% ownership
Talouselama

Headline from pre-deal coverage in M&A Insights
December 15, 2022

Update: following Sampo's announcement last week regarding a strategic review of Mandatum, its life insurance and asset management arm, we understand that Goldman Sachs is actively engaged in preparing for a possible sale or separate listing (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 5, 2024
Treville has mandated Carnegie to explore a minority stake sale of Danish variety retail chain Flying Tiger Copenhagen to accelerate growth ambition and M&A agenda, according to news media
Børsen

Headline from pre-deal coverage in M&A Insights
November 12, 2020

Flying Tiger Copenhagen up for sale as Morgan Stanley secures the mandate (NKP Sources)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 4, 2024
EMK Capital-owned Garda Sikring acquires Freihoff Gruppe, a Langenfeld-based system integrator for electronic security solutions
FinanzNachrichten

Headline from pre-deal coverage in M&A Insights
February 19, 2024

Family-owned Freihoff Gruppe, a security installation and monitoring services provider headquartered in Langenfeld is in a sales process advised by Parklane Capital that saw collection of indicative bids earlier this year, according to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 1, 2024
E-health company Cambio plans to issue SEK 1,000m in senior secured bonds
Press Release
June 30, 2023

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)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 1, 2024
Colorama AB, the wholesale business behind the largest chain of independent paint shops in the Nordics "Colorama" has been acquired by peer Mestergruppen
Press Release

Headline from pre-deal coverage in M&A Insights
May 18, 2022

Colorama AB, the wholesale business behind the largest chain of independent paint shops in the Nordics "Colorama", is considering a majority sale with investment bank mandated according to multiple sources, 2020 revenue of SEK 837m (NKP Proprietary)

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

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