Extracts from our daily coverage

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March 26, 2024
Co-founder Jacob Jelsing divests 3.1% of outstanding shares in Danish metabolic-focused biotech company Gubra (publ.) - transaction value of DKK 150m
Press Release

Headline from pre-deal coverage in M&A Insights
May 17, 2022

Owners of Gubra, a founder-owned biotechnology and pre-clinical contract research services organisation ("CRO") and biotechnology firm, are working on a listing or minority sale later this year according to multiple sources, 2020 EBITDA of DKK 32m (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 26, 2024
Hg Capital-backed Trackunit publishes strong 2023 report amidst ongoing exit process
Press Release

Headline from pre-deal coverage in M&A Insights
October 26, 2020

As investment banks are invited to pitch, Gro Capital and Goldman Sachs MB may cash in DKK 2bn in an exit of telematics firm Trackunit (NKP Proprietary / Analysis)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 25, 2024
Danish CVC Capital-backed Scan Global Logistics issues EUR 600m bond to use for acquisitions, among other purposes
Press Release
March 15, 2022

Distribution of IMs in Barclays-led sale of AEA Investors owned Scan Global Logistics not yet out as previously expected - delay may be caused by the war in Ukraine according to multiple sources, 2021 normalized EBITDA of USD 129m

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 16, 2021

Scan Global Logistics emerges stronger from the Pandemic with 2020 revenue of USD 1,225 (+14% YoY) and EBITDA of USD 50.6m, 8% organic growth and continued high buy-and-build potential - secondary buyout in Q1 or Q2 2022 a likely exit scenario according to sources close to the firm (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 22, 2024
Austrian construction company Porr plans to make smaller acquisitions
Press Release
April 26, 2023

Nalka-backed Uniwater seeks acquisition opportunities within the Nordics

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 17, 2021

Sentica-backed TerraWise looks for acquisition targets (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 22, 2024
Norwegian end-to-end video conferencing platform Pexip (publ.) contemplates up to NOK 156m share issue to fund future acquisitions
Press Release
December 2, 2021

Publ. listed Pexip looks for acquisition opportunities acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 3, 2021

Sofigate looks to grow through M&A (NKP Proprietary)

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Headline from pre-deal coverage in M&A Insights
March 21, 2024
District heating and cooling company Stockholm Exergi issues green bonds amounting to SEK 1bn
Press Release
April 20, 2021

Update: Indicative bids for the sale of Fortum's district heating network Stockholm Exergi are due in the first week of May 2021 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 20, 2020

Finnish energy firm Fortum hires Citi as co-adviser on Stockholm Exergi sale

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 21, 2024
Update: Danish news media KapWatch confirms NKP's coverage of Select Sport's ownership considerations
KapWatch

Headline from pre-deal coverage in M&A Insights
February 6, 2024

The owners of SELECT Sport, a Danish legacy sports equipment brand, have engaged Carlsquare to advise on a possible sale of the company with teasers having recently been distributed, according to multiple sources - EBITDA of DKK 32.4m in FY22 with significant growth and profitability pick up expected in FY23 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 20, 2024
SaaS delivery experience platform Ingrid raises over SEK 200m in a new funding round
Press Release

Headline from pre-deal coverage in M&A Insights
December 20, 2023

Ingrid, a Swedish SaaS delivery experience platform, is looking to close its ongoing EUR ~20m financing round by early 2024, acc. to sources - run-rate ARR of EUR 6m in 2023 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 19, 2024
Update: Børsen confirms NKP's coverage of MyDefence's ownership explorations
Borsen

Headline from pre-deal coverage in M&A Insights
November 17, 2023

Ownership options are being weighed for MyDefence, a Danish manufacturer of anti-drone equipment used in the military, with PwC advising and teasers having recently been distributed, acc. to sources - EBITDA of DKK 29m in FY22 which will more than double in FY23 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 18, 2024
Update: Montagu exploring split sale options of Danish property management company DEAS, with Blackfin and Norvestor as potential suitors according to news media
KapWatch
December 15, 2023

Update: NBOs were submitted in early December in the Rothschild-guided sale of Montagu-owned DEAS, a Danish property management services provider, acc. to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
July 14, 2020

Montagu may be looking to exit DEAS soon, Altor reportedly placed a bid for the 9.6 pct. 3y CAGR company last year

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 18, 2024
Update: Børsen confirms NKP's coverage of GlobalConnect's planned carve-out of its data center business
Børsen

Headline from pre-deal coverage in M&A Insights
February 1, 2024

Teasers were distributed in December for the Jefferies-advised efforts to carve out and divest the data center business from EQT-backed GlobalConnect, a pan-Nordic digital infrastructure platform held since 2016 - FY23E EBITDA of EUR 30-35m (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 18, 2024
A group of bondholders become new majority owners of Caybon following a restructuring of the company
Press Release

Headline from pre-deal coverage in M&A Insights
April 24, 2023

Company to watch: Caybon, a provider of content marketing solutions and a portfolio firm of Priveq since 2016, delivers revenue of SEK 984m with adj. EBITDA of SEK 113.6m in FY22 - IPO (possibly dual-track) preparations have begun acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 15, 2024
Reuters confirms NKPs coverage of Aareal Bank plans to divest its tech arm Aareon (Reuters/NKP Proprietary)
Reuters

Headline from pre-deal coverage in M&A Insights
December 6, 2023

Advent International is teaming up with advisors in preparation of a potential 2024 process for Aareon, a provider of SaaS solutions for the property industry in which the sponsor acquired a 30% stake in 2020, following successful add-ons and expected 2023 adj. EBITDA of EUR 90-100m - acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 14, 2024
Bluestep Bank issues senior unsecured bonds worth SEK 2bn
Press Release
February 16, 2022

Update: J.P. Morgan and Carnegie to lead dual track sale of EQT-owned specialist mortgage firm Bluestep Bank - an opportunity first and exclusively covered by NKP on 25 January (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 25, 2022

Company to watch: Swedish Bluestep Bank - a specialist mortgage provider in Sweden and Norway owned by EQT since 2017 - represent a logical exit opportunity for the Swedish fund with growth in run-rate adjusted operating profit to "around SEK 400m" in 2021 and the successful spin-off of the non-mortgage activities and establishment in Finland, according to industry insiders (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 14, 2024
Update: Citi and Danske Bank mandated for A.P. Møller-Mærsk's separate listing of Svitzer, according to news media
Borsen

Headline from pre-deal coverage in M&A Insights
June 28, 2023

Company to watch: As a result of the strategic review announced in March, A.P. Moller Maersk is preparing for a possible sale of Svitzer, a leading global towage operator - revenue of USD 774m and EBITDA of USD 229m in FY22 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 13, 2024
Norvestor-backed PHM Group, a Finnish provider of property maintenance services, plans an additional EUR 35m bond issue
Press Release

Headline from pre-deal coverage in M&A Insights
February 29, 2024

Company to watch: PHM Group, a Nordic provider of property maintenance services owned by Norvestor since 2020, is tipped by NKP's sources as a possible near/mid-term exit candidate on the back of strong growth - sales of EUR 763m (+39% YoY) and pro-forma EBITDA of EUR ~120m in 2023 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 13, 2024
Update: Bloomberg confirms NKP's coverage of Trackunit's ownership explorations
Bloomberg

Headline from pre-deal coverage in M&A Insights
October 26, 2020

As investment banks are invited to pitch, Gro Capital and Goldman Sachs MB may cash in DKK 2bn in an exit of telematics firm Trackunit (NKP Proprietary / Analysis)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 12, 2024
Investcorp-backed Sanolium/Cambio issues SEK 1,000m in senior secured bonds
Press Release
June 30, 2023

Update: Investcorp is reportedly sounding out advisors for a potential early 2024 sale of healthcare software firm Sanolium/Cambio - bond loans of SEK 800m maturing in 2024 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 24, 2022

Company to watch: Investcorp-backed Sanolium/Cambio circled by sponsors following double digit profitable growth and new CEO team in place with IPO being one option according to several sources, Q3-2021 LTM revenue of SEK 762.1m (+20.5% Y-o-Y growth in Q3-2021) and adjusted EBITDA of SEK 208.3m - around 57% of revenues are recurring (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 12, 2024
H.I.G. Capital announces sale of ICG Group to SPIE Group
Press Release

Headline from pre-deal coverage in M&A Insights
December 14, 2023

Telecommunications infrastructure service provider ICG Group is being put up for sale by its owners since 2021, the Miami-based private equity fund H.I.G., in a process advised by Houlihan Lokey with non-binding offers collected before the Holidays, DD scheduled for January (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 12, 2024
Siemens' Innomotics unit may be sold to Nidec or KPS Capital Partners
Bloomberg

Headline from pre-deal coverage in M&A Insights
June 20, 2023

Following the previously communicated review and carve-out of Siemens' Motors and Large Drives business "Innomotics", BNP Paribas has now been mandated to explore a sale (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 12, 2024
Norwegian silicon-based materials manufacturer Elkem (publ.) divests its financial investment in battery materials company Vianode to co-owners Altor and Norsk Hydro
Press Release

Headline from pre-deal coverage in M&A Insights
January 13, 2022

Advised by ABG Sundal Collier, Norwegian publ. listed Elkem seeks external investors for its battery-metals subsidiary Vianode

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 11, 2024
Company to watch: EQT-backed 3Shape, a Danish developer of 3D scanners, reports strong growth in 2023 earnings report, eyes a possible IPO in the mid-term - revenues of DKK 3,300m and EBITDA of DKK 1,300m
Børsen
August 10, 2021

Owners of 3Shape - the Danish-headquartered leading global dental scanner company - mandates Goldman Sachs to explore a minority sale during H2-2021 according to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 14, 2020

3Shape could finally be heading towards an entreprenurial exit - Co-founders have stepped down as Co-CEO`s in the 31 pct. 3y CAGR dentistry technology firm (NKP analysis)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 11, 2024
Norvestor-backed PHM Group contemplates a EUR 265m bond issue
Press Release

Headline from pre-deal coverage in M&A Insights
February 29, 2024

Company to watch: PHM Group, a Nordic provider of property maintenance services owned by Norvestor since 2020, is tipped by NKP's sources as a possible near/mid-term exit candidate on the back of strong growth - sales of EUR 763m (+39% YoY) and pro-forma EBITDA of EUR ~120m in 2023 (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 11, 2024
KKR sale of Selecta faces difficulties due to price expectations
FuW

Headline from pre-deal coverage in M&A Insights
December 15, 2023

Update: KKR's sale process of Switzerland-based Selecta, provider of vending machines with 2023 adjusted EBITDA of EUR 250m, has kicked off with VDD ongoing, advised by McKinsey, acc to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 11, 2024
Private equity firm TPG in negotiations to acquire metering firm Techem from Partners Group
Bloomberg

Headline from pre-deal coverage in M&A Insights
November 15, 2023

Update: with management presentations completed in October, IMs being out, and an NBO deadline of second half of December, metering firm Techem's dual-track process mainly draws interest from infrastructure and pension funds, according to sources (NKP Proprietary)

NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights

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