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)
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)
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)
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)
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)
Sale of Inchcape Shipping Services moves into second round with multiple bidders pursuing due diligence (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 14, 2021
Sale of Inchcape Shipping Services (ISS) in advanced stage with multiple indicative bids submitted in competitive process led by investment bank Rothschild, signing expected before the end of June/early July and interest from Nordic bidders - ISS is a UK-headquartered firm with Nordic management team (NKP Proprietary)
Indicative bids due on Jan 27 in PwC Corporate Finance led sales process of state-owned GIS-company Metria, several sponsors showing interest according to sources, management presentations currently ongoing (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 5, 2022
The Swedish Government mandates PwC Corporate Finance to explore a sale of state-owned Metria, a specialist within geographical information services and software ("GIS") following an unsuccessful exit attempt in 2017 - marketed at 2021 EBITDA of EUR 4m according to multiple sources (NKP Proprietary)
The ABG Sundal Collier-led exit process of Segulah's portfolio firm since 2020, NVBS Rail, a Swedish rail construction and maintenance service provider, enters advanced stage - Pro-Forma EBITDA of SEK +70m in 2021 following multiple bolt-on acquisitions
(Update) EY Corporate Finance mandated in ongoing sales process of SaaS CMS solutions provider Sitevision - 20/21 revenue of SEK 77.3 and EBITDA of SEK 28m
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 17, 2022
Owners of privately-held Sitevision, a SaaS CMS solutions provider, pursues majority sale with interest from multiple sponsors according to several sources, 2020/21 revenue of SEK 77.3m (+10.3% year-on-year) and EBITDA of SEK 28m, with 90% of sales driven by recurring revenue streams (NKP Proprietary)
Account to account payment solution provider for businesses, Zimpler, mandates FT Partners to explore an exit following recent years' strong development and 294% growth in 2020 to revenue of SEK 117.4m and EBITDA of SEK 40m, according to several sources (NKP Proprietary)
Privately-held AUTOproff, a car trading platform (SaaS) for professional automotive dealers, expects significant growth and subscription-based revenues of DKK +100m in 2021 - Owners consider 2022 funding process and minority sale to accelerate European growth, according to sources (NKP Proprietary)
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