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)
The sale process for IP consultancy Zacco progresses into the due diligence phase following NBOs having been submitted in early November, Marks Baughan advising (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 9, 2022
Eterna Invest-backed Zacco, a consulting and software firm within IP protection, is headed for a sale in process led by boutique investment bank Marks Baughan according to multiple sources, 2022 EBITDA expected at DKK 65-70m (NKP Proprietary)
Founder-owned budget-conscious bake-off chain Backstube mandates investment bank to explore a majority sale, 2021 revenue of NOK 126.6m (+52% YoY) with EBITDA of NOK 19.1m (NKP Proprietary)
Company to watch: Asker Healthcare Group, the Nalka-backed group of Northern European medical supplies and healthcare services firms including Swedish OneMed, is expected to "open up for new external capital" after the Summer following the integration of multiple bolt-ons and a continued aggressive roll-up strategy, according to sources (NKP Proprietary)
Following a successful buy-and-build strategy, Valedo is likely to explore ownership options for Prosero Security in 2022 acc. to multiple sources - LTM revenue of SEK +2,000m with pro-forma EBITDA of SEK +275m (NKP Proprietary)
Company to watch: Rebranded last year from Xllnc to Foxway and a portfolio firm of Norvestor since 2019, the Device as a Service firm delivers 2020 revenue of SEK 2,980m (+29% YoY) following a number of add-ons and increasing focus on hardware lifecycle management - advisors mulling sale or IPO on the horizon (NKP Proprietary)
Company to watch: sources report that Dentsply Sirona is (again) mulling a sale of Swedish subsidiary Wellspect HealthCare now expected for Q4-2021 following Pandemic-resilient performance and increasing valuations for medtech assets (NKP Proprietary)
Digital marketing agency Generaxion, a portfolio firm of Adelis since 2018, posts revenue of approx. DKK 260m with adj. EBITDA of DKK ~70m in FY21 - PwC Corp. Finance retained to explore a possible sale (NKP Proprietary)
Blue Equity-backed Inspari, a Danish data analytics and business intelligence consultancy, is being prepared for a possible sale advised by Carnegie acc. to sources - revenue of DKK 157m and EBITDA of DKK 17m in 2021 with "significant growth" expected in 2022 (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)
The owner of JB Metalindustri, a supplier of metal sheet solutions, explores ownership options advised by Faqtum M&A - gross profit of DKK 42.7m with EBITDA of DKK 14.4m in 2020/21 (NKP Proprietary)
With IPO plans on hold following the failed listing attempt in 2020, Bridgepoint is now (again) working on a sale of renal care provider Diaverum with Citi advising according to multiple sources - 2021 revenue of EUR 876m (+2.9% year-on-year) and Pro-forma EBITA of EUR 144m (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 10, 2020
Bridgepoint was looking to list Diaverum before summer - last week's health care deals could entice the PE-firm to accelerate its dual exit process soon (NKP Analysis)
Stock-exchange listed Kemira is looking to carve-out its oilfield chemicals business with reported 2022 revenue of EUR 377.5m and projected 2023 adjusted EBITDA of EUR >55m - investment bank mandated (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)
Privately held PR Electronics, a signal conditioning device manufacturer for the process industry, is working on a sale advised by Clearwater International marketed off EBITDA of DKK ~125-150m, NBOs due in week ending 27 Jan (NKP Proprietary)
Smart EV charging solutions company Easee is preparing for a minority sale advised by ABG Sundal Collier with 2022E EBIT of NOK 800-1,000m and revenues of around NOK 2,000m - process expected to kick off after Easter (NKP Proprietary)
Update: Alantra mandated for upcoming Skamol exit process, 2021 adjusted EBITDA close to DKK 100m (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 11, 2021
Proving resilience during lock-down and with strong growth momentum in APAC, a 2022 exit of FSN's next-gen insulation firm Skamol seems likely, acc. to sources. 2021 expected EBITDA of c. DKK 90m (NKP Proprietary)
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