Update: NBOs have been collected in the J.P Morgan-led process to divest Vitruvian-backed Accountor's software business acc. to sources (NKP Proprietary)
Update: IMs are out in the Jefferies-led minority stake sale process for Bridgepoint-backed Vitamin Well with NBOs to be collected by end-June, according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 15, 2021
Bridgepoint closing in on a sale of Vitamin Well according to sources - strong underlying market growth and estimated revenues of SEK 2.44bn and EBITDA of SEK 158m in 2020 (NKP Proprietary)
Founder-owned pet supplements developer and manufacturer Almapharm is in the market with Miura Corporate Finance, reporting revenues of EUR 15m in 2023, project 'Goldfinger', acc. to sources (NKP Proprietary)
Update: NBOs have been collected in connection with Fortum's (publ.) efforts advised by Danske Bank to carve out and divest its hazardous waste treatment assets prev. known as Ekokem (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 27, 2023
Fortum has engaged Danske Bank to advise on the strategic review and contemplated sale of the assets previously known as Ekokem (now part of Fortum's Circular Solutions), with a process launch expected in H1-2024, acc. to multiple sources - EBITDA of EUR ~70m in FY22 (NKP Proprietary)
The long-anticipated sales process for Asambeauty is taking shape on the back of 2023 adj. EBITDA of EUR ~40m and amid several personal care and cosmetics assets being in/coming to market including Windstar Medical, Galderma, Mibelle, CAIA Cosmetics and Douglas as reported by NKP (NKP Proprietary)
Equistone is preparing to sell Otto Life Sciences Engineering (OLSE) which was originally founded as an add-on to its former portfolio firm OTTO, with the turn-key provider for life science facilities to be marketed off EBITDA of EUR ~20m - acc. to multiple sources (NKP Proprietary)
Update: NBOs have recently been submitted in the Raymond James-advised sale process for Verdane Capital-owned beauty company Caia Cosmetics (NKP Proprietary)
Municipality-owned Aarhus Airport is seeking new financial and strategic partner(s) for funding of DKK 100m investment need (Press Release / NKP Proprietary)
Update: NBOs are due this week in Longship's ownership explorations for Sensio, a Norwegian integrated health-tech company, advised by William Blair, acc. to several sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 6, 2023
Longship appoints William Blair for a future exit of Sensio, a Norwegian integrated healthtech company and a Nordic market leader, as the firm is drawing attention from suitors, although timing is yet to be decided and not imminent, acc. to sources - revenues of NOK ~450m (+20-25%) and EBITDA of NOK 70-80m in FY23E (NKP Proprietary)
Update: NBOs were collected last week in the EY Corporate Finance-advised process for Nextway Software, a Danish provider of document management SaaS solutions, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 15, 2024
The owners of Nextway Software, a Danish document management SaaS provider, explore ownership options advised by EY Corporate Finance with teasers currently being distributed - marketed off revenues of EUR 10m in 2023 (NKP Proprietary)
Update: Houlihan Lokey has been engaged to advise on the ownership considerations in Sprints Capital-backed Teamtailor, a Swedish recruitment software provider (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 12, 2024
Sprints Capital-backed recruitment software provider Teamtailor is being prepared for a process with a minority stake sale being the most likely scenario acc. to multiple sources (NKP Proprietary)
Well-performing house inspection consultancy Domutech explores ownership options advised by Clearwater International with IMs having recently been distributed - exp. EBIT of DKK 19-21m in 2022 (NKP Proprietary)
Update: The Deloitte- and Jefferies-advised sale process for Axcel-owned Nissens Automotive is entering the due diligence phase following recent NBO submissions, acc. to several sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 24, 2021
Following the pre-emptive sale of Nissens Cooling Solutions to APM Holding, Axcel is expected to follow through with a sale of the remaining (well-performing) automotive aftermarket business at any given time several sources explain - pro-forma revenue of DKK 1.1bn in FY 2020/21 (NKP Proprietary)
Credit analysis software provider Kreditz experiences strong growth in 2023 and eyes future acquisition opportunities amid early-stage preparations for European expansion - current ARR of SEK 44m (NKP Proprietary)
The (private) owners of AVM, the Berlin-headquartered consumer electronics company behind the Fritz! brand, mandates Lincoln International to explore a majority sale later this year, according to several sources
Update: DNB mandated for H2-2022 sale of industrial and oil & energy services provider Beerenberg - the Segulah-owned firm is marketed off EBITDA of around EUR 25m according to multiple sources, opportunity first covered by NKP on 02 June, 2021 (NKP Proprietary)
Cloud-managed services provider and Microsoft Gold partner, glueckkanja, backed by PrimePulse since 2019, is exploring ownership options advised by Raymond James - 2023 adjusted EBITDA of EUR 10m, acc. to sources (NKP Proprietary)
Non-binding offers recently collected in Lincoln International guided sale of Surplex, a Pan-European online (B2B) auction house for industrial machinery - according to multiple sources (NKP Proprietary)
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)
Babcock & Wilcox (publ.) is working on a possible divestment of its supplier of spare parts and services for Scandinavian energy plants, previously named Voda, with NBOs due next week in the Clearwater International-led sale process - EBITDA of EUR 10m in FY24E (NKP Proprietary)
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