Update: Polaris is closing in on a sale of damage control services provider SSG according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 12, 2021
As industry consolidation intensifies, Polaris Private Equity evaluates a potential early exit from its 2019 investment in SSG, a Scandinavian damage control service provider - LTM EBITDA of around DKK 80-85m acc. to sources (NKP Proprietary)
Company to watch: Axcel expected to (re)explore exit of Frontmatec, a leading meat processing equipment manufacturer, in H2-2021 following a successful integration of several add-on acquisitions with 2020 revenue of DKK 1.44bn (-16% YoY) and normalized EBITDA of DKK 214m - advised by Nordea and William Blair in the 2018/19 halted exit process (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 30, 2020
Axcel-backed Frontmatec to list senior secured floating rate bonds - Sale process could be resumed in 2021
Following a successful turnaround in Danish publicly listed Sanistål, Danske Bank, Jyske Bank and Nordea (combined +70% ownership stake) mandates Danske Bank Corporate Finance to lead a coming exit process acc. to sources - EBITDA guidance of DKK 160-190m in 2021E
Update (first covered by us on 18 March): Danske Bank mandated for upcoming sale of MB Funds' portfolio firm since 2018, Raksystems - a provider of property assessment services - process to kick-off closer to the Summer according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 18, 2022
Company to watch: Raksystems, an MB Funds portfolio firm since 2018 providing property condition evaluations to the Finnish property market, is being prepared for a Q2/Q3-2022 exit according to multiple sources with inv. bank mandated (NKP Proprietary)
Sale of Inriver, a product information management (PIM) SaaS vendor backed by Verdane and Lugard Road Capital, is reaching an advanced stage in process led by boutique investment bank Evercore, according to sources (NKP Proprietary)
Privately-owned Hydroware AB, a manufacturer of power and control systems for hydraulic lifts, explores ownership options advised by PwC Corp. Finance - revenue of SEK 367m (+6% YoY) with EBITDA of SEK 29m in FY20/21 (NKP Proprietary)
Update: The Goldman Sachs-led sale process of Pai Partners-backed chemicals group Perstorp has entered the due diligence phase acc. to sources, process first covered by NKP on 18 January (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 18, 2022
Advised by Goldman Sachs, Pai Partners explores dual-track options for Swedish specialty chemicals group Perstorp - LTM EBITDA of SEK 2,052m (NKP Proprietary)
(Update) Indicative bids for Hg Capital-backed ITM8 are due towards the end of March in Raymond James-led process acc. to sources - marketed off 2021 adj. EBITDA of DKK +300m (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 3, 2022
Rebranded as ITM8 and specialized in cloud, cyber security, and digitization consulting, the former IT Relation is being prepped for a 2022 sale by its owners since 2018, UK-headquartered technology investor, Hg Capital, according to multiple sources, following strong organic growth and a successfully executed roll-up play, Accura engaged sell-side (NKP Proprietary)
Owners of Norwegian HCM SaaS developer and service provider CatalystOne exploring ownership options including a majority sale - 2020 revenue of NOK 114.7 and NOK 11.7m EBITDA - investment bank mandated for process expected in H1-2022 (NKP Proprietary)
Axcel mandates investment bank Carnegie for an exit of in-vitro diagnostics equipment firm Aidian (formerly Orion Diagnostica) - a portfolio firm since 2018 now marketed at 2021 EBITDA of EUR 20m following a significant boost from Covid-19 and a Benelux bolt-on earlier this year (NKP Proprietary)
Founders of Copenhagen-based Identity & Access Management (IAM) SaaS firm 2ndC mulls a majority sale in 2022 to accelerate international roll-out on top of market-leading position in Denmark with +68% year-on-year growth in ARR to DKK 11m as of Jan-2022, 2021 total revenue of DKK 24m - Tofte & Company mandated with teasers to be distributed later this month, according to sources (NKP Proprietary)
Update (first reported by NKP on 10 Dec, 2021): Indicative bids for Taaleri and Pontos backed colocation services firm Ficolo are due around Mid March according to sources, process advised by Torch Partners based on 2022 expected (adjusted) EBITDA of EUR 7.5m (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 10, 2021
Taaleri, Pontos, and founders mandates Torch Partners for a 2022 sale of data center operator and colocation services firm Ficolo Oy according to sources - revenue of around EUR 12.5m expected in 2021 (+30% year-on-year growth) (NKP Proprietary)
Update: As first and exclusively flagged by NKP in Sep 2021, the sale of founder-owned knitting yarn firm Hobbii gains speed and moves to second round following indicative bids from multiple suitors according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 3, 2021
Owners of privately-held direct-to-consumer and omnichannel knitting yarn company Hobbii mandates Raymond James for an exit according to sources, 2020 EBITDA of DKK 23m and 125% growth in gross profit - buyers need to weigh the stability of the boost in demand during lockdown (NKP Proprietary)
Following a successful turn-around since the largest creditor DNB took over the keys from BC Partners in 2018, variety store operator Nille delivers 2020 revenue of NOK 1,595 (+9.1% like-for-like growth) and EBITDA of NOK 149m, and is slated for a dual-track process in 2022 according to multiple sources - DNB Markets mandated (NKP Proprietary)
Lincoln International advised sale of Meggitt's Danish activities, formerly Ferroperm Piezoceramics, still ongoing according to multiple sources, 2020 EBITDA of DKK 32m (NKP Proprietary)
Update (first reported by NKP on 04 Jan, 2022): Ongoing sale of Nalka's 2015 investment in pharma packaging specialist Eson Pac enters second stage with due diligence ongoing according to multiple sources, process advised by MCF Corporate Finance (NKP Proprietary
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 4, 2022
Nalka explores ownership options for its 2015 investment in pharma packaging specialist Eson Pac w. investment bank mandated acc. to sources - marketed off 2021 adj. EBITDA of EUR 8m (NKP Proprietary)
Scada International, a specialised provider of Supervisory Control and Data Acquisition ("SCADA") software solutions for the renewable energy sector, is being prepared for a majority sale advised by Clearwater International (NKP Proprietary)
The Carnegie-led sale process of privately-held software development service company Commentor picks up speed acc. to sources - non-normalized EBITDA of DKK 22m in 2020 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 21, 2022
Privately-owned Commentor is readying for a majority sale in H1-2022 according to several sources as PE-backed and strategic players continue to roll up independent IT consultancies and hosting providers - 2020 gross profit of DKK 74.2m (+35% year-on-year) and EBITDA of DKK 22m (NKP Proprietary)
AGC Partners-led sale process of VC-backed product visualization SaaS provider Cylindo enters an advanced stage - revenue of DKK 46.9m (+40% YoY) with EBITDA of DKK 8m in FY ending 2021-04 (NKP Proprietary)
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