Update: the sale of air travel data firm Infare Solutions, first and exclusively covered by NKP on 27 March, is gaining speed with IMs having been circulated in recent weeks and multiple sponsors lining up (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 27, 2023
Backed by Ventiga Capital since 2017 competitor air travel data firm Infare Solutions has more than tripled EBITDA during the fund's ownership and is now being prepped for a sale according to several sources, int. investment bank known to NKP appointed (NKP Proprietary)
Update: With NBOs having recently been collected, the ABGSC-advised sale of Sauna360 Group progresses into the due diligence phase acc. to sources - adj. EBITDA of EUR +12m in 2022 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 3, 2023
Sauna360 Group, a well-performing global provider of sauna solutions, is up for a strategic review, ABG Sundal Collier advising acc. to sources - revenue of EUR +80m with adj. EBITDA of EUR +12m in 2022 (NKP proprietary)
Company to watch: Kiona, a pan-European PropTech group being the result of the 2021 merger of Summa Equity-backed Egain Group and Pivot Invest-backed IMWAC, emerges as a likely H2-2023 exit candidate as the recent year's soaring energy prices and geopolitical development is driving up demand for energy efficiency (NKP Proprietary) *ESG FRIENDLY*
Teasers are out in Citi-advised planned sale of Swedish Match's logistics activities SMD Logistics, a part of the remedies from Philip Morris' takeover of Swedish Match - revenues of SEK 600-700m, acc. to sources (NKP Proprietary)
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: Bank of America appointed in potential sale of Tieto Tech Services, formerly TietoEvry Connect and Transform, respectively, once strategic review is wrapped up - according to multiple sources (NKP Proprietary)
Cabonline, majority owned by private equity fund H.I.G, is headed for a change of ownership in process advised by Macquarie according to two sources, material is out with process to kick off in January (NKP proprietary)
Company to watch: Vaaka Partners may explore ownership options of Finnish waste container company Molok, its portfolio firm since 2016, following strong FY22 financials acc. to sources - FY22 Sales of EUR 29.6m (+26.4% YoY) (NKP Proprietary)
Update: With NBOs having recently been submitted, the Carnegie-led sale process for Longship-owned Garda Sikring progresses to the second round acc. to sources - EBITDA of NOK ~150m in 2022E (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 31, 2022
Longship-backed Garda Sikring enters Finland through the acquisition of Puomitek - Carnegie mandated to explore a possible sale of Garda Sikring Group following continued strong growth to reach LTM group revenue of NOK +850m and EBITDA of NOK ~150m acc. to sources (NKP Proprietary)
Solar power investment firm Nordic Solar is working towards a sale, raise, or listing in Q1-2023 advised by Carnegie according to multiple sources - it is still early days and no final decision has been made (NKP Proprietary)
Alpha Corporate Finance mandated to explore a sale of engineering firm Techouse - a global provider of heat recovery and water treatment solutions to the global energy markets - which has been owned by UK private equity firm Bluewater since 2018 (NKP Proprietary)
With key US/UK competitor bust and air-travel likely to rebound with vaccine, Nordic Capital is warming up to a 2021 exit (likely IPO) of Lagkagehuset acc. to sources - FIH Partners' may be engaged already (NKP Proprietary)
Update: IK Partners relaunches Carnegie-advised exit process for Danish food company Løgismose, with NBOs having been submitted acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 1, 2020
Advisors mulling H1-2021 sale of IK Investment Partners' portfolio firm since 2014, Løgismose, following the restructuring and Thomas Klitbo's exit from the fund (NKP Sources/Analysis)
Invoicing software provider Efacto evaluates ownership options advised by Clearwater International acc. to sources - gross profit of DKK 12.7m in 2021/22 (NKP Proprietary)
Update: Final bids have been submitted for EY Corporate Finance-advised sale of Danish digital agency Web-Koncept while it reports strong 2022 financials - EBITDA of DKK 35.3m in FY22, up from DKK 16.6m in FY21 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 26, 2023
Advised by EY Corporate Finance, Danish digital agency Web-Koncept explores ownership options acc. to multiple sources - EBITDA of DKK 18.3m in FY21 (NKP Proprietary)
Update: NBOs were collected last week in the Deloitte-guided sale of Nets' eID activities, NemID and MitID, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 31, 2023
The sale process for Nets' eID activities is kicking off with Deloitte Corporate Finance advising, acc. to sources - marketed off revenues of EUR 40m with EBITDA of EUR ~14m (NKP Proprietary)
Update: the potential sale of EQT-owned Ellab is gaining speed with multiple buyers working actively to pre-empt the process, with several sources pointing to a signing before the summer break as a likely scenario (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 10, 2021
Company to watch: EQT-backed Ellab grows revenue to DKK 497m with adj. EBITDA of DKK 203m in FY20/21 Following successful buy-and-build strategy - sources mull that EQT may be tempted to explore ownership options in 2022 (NKP Proprietary)
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