Owners of Gubra, a founder-owned biotechnology and pre-clinical contract research services organisation ("CRO") and biotechnology firm, are working on a listing or minority sale later this year according to multiple sources, 2020 EBITDA of DKK 32m (NKP Proprietary)
Danish high-growth cybersecurity company LogPoint explores ownership options advised by US specialised investment bank Boston Meridian Partners with IMs to be distributed this week - ARR of USD 20m (NKP Proprietary)
Conscia, backed by Nordic Capital since 2019, is looking to ramp up on bolt-on acquisitions and is looking for a new Head of Mergers & Acquisitions (LinkedIn/NKP Proprietary)
Update: Deutsche Bank advised sale of treasure and cash management software firm Nomentia has progressed to second round with final bids due Mid March (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 9, 2022
Company to watch: Cash and treasury management software firm Nomentia, majority owned by Providence Strategic Growth since 2020, is reportedly being prepared for a potential sale in H1-2023 according to multiple sources, Deutsche Bank advising (NKP Proprietary)
Qumei-owned Ekornes, the Nordic's largest furniture maker, is working with DNB Markets and SEB to refinance its NOK 2,000m senior secured bonds while several options are being weighed amid softening furniture demand and rising production costs, according to sources (NKP proprietary)
Logex Group, a healthcare analytics software firm and a Summa Equity portfolio firm since 2018 when Logex (NL), Ivbar (SE), and Prodacapo (FI) was acquired, is being prepared for an exit in a process advised by Jefferies (NKP Proprietary)
Swedish business loan provider Qred is exploring ownership options in a process advised by Bryan Garnier & Co acc. to sources - operating income of SEK 301m with an EBITDA of SEK 39.4m in 2020 (NKP Proprietary)
Founder-owned Nosto Solutions - an e-commerce experience platform with EUR 25-30m in ARR - is exploring a majority sale advised by Houlihan Lokey with premarketing started in Q4-2021 (NKP Proprietary)
Proshop Co-Founder and CEO is committed to continue growth journey, not ruling out possible MBO with a new sponsor when existing co-investors are prepared to exit - expected revenue of DKK 2.5bn in 2021 (NKP Proprietary)
Following the Dec 29 settlement of SalMar's NOK 15,100m acquisition of NTS, the acquirer is expected to consider a sale of Frøy, the separately listed wellboat services business of NTS, according to multiple industry sources (NKP Proprietary)
Finnish Taaleri eyes investment targets within bioindustry for its upcoming EUR 80m fund - welcomes inbound interest from financial advisors (NKP Proprietary)
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)
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