Update: Final bids have been submitted in the Rothschild-advised exit process for Walki Group, acc. to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 15, 2022
One Equity Partners engages investment bank Rothschild to explore a sale of Walki Group, a Finland-headquartered major provider of sustainable packaging solutions, acc. to sources - revenue of EUR +700m with +10% EBITDA margin in 2022E (NKP Proprietary)
Modular Finance, a Swedish SaaS provider of financial market data and digital investor relations tools, could come to market in the near-medium term acc. to several sources - revenue of SEK 102m (+45% YoY) and EBIT of SEK 62.5m in FY22 (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)
Waste mgmt. continues to attract PE-interest, 2020 EBITDA of DKK 259m at RGS Nordic could justify price expectations and a relaunch of the exit process (NKP sources / Analysis)
Update: Norway-headquartered Dualog, a productivity and cyber security SaaS provider to the shipping industry, is being prepared for a sale advised by Carnegie, acc. to sources - revenue of NOK 124.6m and EBITDA of NOK 26.8m in 2021 (NKP Proprietary)
Company to watch: Dansk Ejerkapital-backed ICEpower reports gross profit of DKK 137m and EBITDA of DKK 75m in FY22/23
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 20, 2021
Well-performing audio solutions provider ICEpower backed by Dansk Ejerkapital (formerly Industri Udvikling) since 2016 expects revenue of nearly DKK 200m in 2020/21 with solid EBITDA - exit may be on the horizon acc. to sources (NKP Proprietary)
Update: NBOs were collected in May in Carnegie-advised sale of MVI Funds-backed locksmith services group Great Security, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 8, 2021
Having previously teamed up with investment bank ABGSC for a Q1-2020 process, MVI Funds may resume exit plans for its well-performing security services firm Great Security following growing sponsor interest in the fast-growing lock industry and the ongoing CERTEGO process acc. to sources - LTM revenue of approx. SEK 700m (NKP Proprietary)
Update: non-binding offers recently submitted as Carnegie-advised sale of Alder-owned Autocirc gains speed - opportunity first and exclusively covered by NKP on 31 Aug (NKP Proprietary) *ESG FRIENDLY*
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 31, 2022
Alder mandates Carnegie in early preparations for a sale of portfolio company since 2020, Autocirc - a circular recycling concept within the automotive parts space - with 2021 pro-forma revenues of SEK 630m and adjusted EBITDA of SEK 99m (NKP Proprietary)
Update: The J.P. Morgan-advised sale of Priveq-backed Metenova has progressed to the second round with due diligence ongoing acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 18, 2023
Company to watch: Metenova, a developer and manufacturer of magnetic mixing technologies for pharmaceutical production backed by Priveq since 2018, continues strong development with 2022E revenues of SEK +200m and EBITDA of SEK +50m (NKP Proprietary)
Airmaster, a well-performing Danish provider of decentralized ventilation systems, explores ownership options advised by EY Corporate Finance with IMs on the doorstep, acc. to sources - revenue of DKK 550-600m and EBITDA of approx. DKK 140-150m in 2023E (NKP Proprietary)
Helix Kapital-backed Heda Security, a Swedish provider of perimeter security solutions installation and services, continues strong growth to reach revenue of SEK 620m with a ~10% EBITDA margin in 2022E - Access Partners engaged to explore options acc. to sources (NKP Proprietary)
Indicative bids for GSGroup to be collected before Christmas in process led by ABGSC as majority shareholder Rieber & Søn is looking to exit their investment in the mobile data collection firm with 2020 revenue of NOK 233.3m (-5% year-on-year) and unadjusted 2020 EBITDA of NOK 33m (NKP Proprietary)
Update: Dansk Ejerkapital-backed Sports Group Denmark grows revenue to DKK 1,107m (+40% YoY) with EBITDA of DKK 147.2m in FY22 - Ownership options are being explored advised by Carnegie acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 4, 2021
High-growth sports apparel company Sports Group Denmark backed by Industri Udvikling (since 2016) reaches revenue of DKK 600m (+20% YoY) w. EBITDA of DKK 49m in 2020, expects +35-40% growth in 2021 (NKP Proprietary)
Company to watch: VC-backed Supermetrics, a SaaS data management and analysis tool for marketers, is likely coming to market in H2-2023 acc. to multiple sources - 40% YoY growth to reach revenue of EUR +50m in 2022 (NKP Proprietary)
Company to watch: following a successful execution of the roll-up strategy since investing in Sefbo in 2019/20, Valedo is mulling a 2022 sale of the Norwegian property services provider Sefbo according to multiple sources, 2020 pro-forma revenue of NOK 400m and adjusted EBITDA of more than NOK 60m (NKP Proprietary)
Owners of Yubico - the Swedish company behind the USB and NFC authentication solution YubiKey - including founders, Bure Equity, Meritech Capital Partners, Andreesen Horowitz, and AMF, is pondering an IPO according to sources following a return to profitability and an accelerated demand caused by the lockdown's work-from-home wave with 70% growth in 2021 - Carnegie may be advising (NKP Proprietary)
Company to watch: CVC Capital-backed Mehiläinen, a social and health care services provider, delivers revenue of EUR 1,633m (+17% YoY) with EBITA of EUR 137.6m in FY22 - ownership options likely to be considered in 2024 acc. to sources (NKP Proprietary)
Karnell-owned carpet designer and manufacturer Kasthall Group may be sold as an investment bank (known to NKP) was previously mandated to explore ownership options - according to sources (NKP Proprietary)
(Update) Privately-held Danish Standoutmedia continues its roll-up play within the digital agency space and expects to deliver EBITDA of DKK 40m in 2022 - would consider inbound approaches from financial sponsors (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 27, 2020
Standoutmedia considers bringing in external capital to accelerate lucrative roll-up play within the digital agency space, 27% Y-o-Y revenue growth targeting EBITDA of DKK 17m in 2020 (NKP Proprietary)
Owners of Yubico - the Swedish company behind the USB and NFC authentication solution YubiKey - including founders, Bure Equity, Meritech Capital Partners, Andreesen Horowitz, and AMF, is pondering an IPO according to sources following a return to profitability and an accelerated demand caused by the lockdown's work-from-home wave with 70% growth in 2021 - Carnegie may be advising (NKP Proprietary)
Access Partners mandated for upcoming sale of We Tech Solutions Oy - a manufacturer of energy efficiency improving shaft generator motors for the maritime industry with 2020 EBIT of EUR 1m and revenue of EUR 18m according to sources
Company to watch: Bulk Infrastructure, a founder-controlled PE-backed Nordic dark fibre network and data center operator, delivers 2022 revenue of NOK 276m, a +50% year-on-year increase, and may come to market in the medium term following strong international interest for Norwegian data center assets (NKP Proprietary)
Anta Sports-led investor consortium is preparing a relisting of Finnish Amer Sports advised by Goldman Sachs acc. to multiple sources - sales of EUR 1,312m with EBITDA of EUR 96.9m in H1-2022 (6 months) (NKP Proprietary)
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