Update: Teasers are out in Jefferies-led sale process of Altor and Triton-backed OptiGroup - adj. EBITDA of EUR 64m in 2020 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
July 2, 2021
Advised by investment bank Jefferies, Altor and Triton are preparing for a Q3-2021 exit process for OptiGroup acc. to sources - revenue of EUR 949m with adjusted EBITA of EUR 42.7m in 2020 (NKP Proprietary)
Following successful turnaround PwC Corporate Finance has been mandated for an upcoming sale of Horsens-based EMS vendor BB Electronics with 2020 revenue of DKK 664.9m (+44% year-on-year) and normalized EBITDA of DKK 51m (NKP Proprietary)
Litorina prepares for dual-track exit process for its portfolio firm since 2007, flower retailer Euroflorist following 59% year-on-year organic growth in 2020, and has mandated Carnegie for the efforts (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 19, 2021
With a pandemic-driven boom in online flower sales and a recent early redemption of bonds, Litorina is expected to push ahead with an exit of Euroflorist acc. to sources - LTM EBITDA of SEK 192m (NKP Proprietary)
Backed by German PE firm Orlando since 2018, Swedish sawmilling business Bergkvist Siljan is heading for a sale - IMs are out in process led by Stifel Corporate Finance with indicative bids end of October, marketed at 2021 EBITDA of SEK 400m according to sources (NKP Proprietary)
Owners of anti-ransomware SaaS-firm BullWall is preparing for a full or partial sale and is reportedly working with EY Corporate Finance and Horten according to multiple sources although it is still early days, 2020 EBITA of DKK 18.5m and gross profit of DKK 31.8m (+334% year-on-year) (NKP Proprietary)
Update: Clearwater International mandated for the sale of image editing SaaS business Pixelz - IMs are out (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 16, 2021
Privately-owned Pixelz, a well-performing provider of product image editing services (SaaS), explores ownership options including a majority sale - exp. revenue of DKK 85-90m (+25% 3y CAGR) with EBITDA of DKK +20m in 2021 (NKP Proprietary)
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)
Affiliates firm Adtraction grows sales 27% in 2019 to SEK 527m w. EBITA of 25m, former investment banker turned Founder CEO could be tempted to cash in (NKP analysis)
Delika Food Group sees large consolidation potential in Danish cold-cuts market and is open to let in an investor - EBITDA of DKK 32m, M&A process may be ongoing already as key competitor undergoes succession (NKP Proprietary)
3i Infrastructure and AMP Capital expects H2-2021 sale of offshore safety and support vessel operator Esvagt - abandons previously considered IPO track to focus exclusively on the M&A track according to two sources close to the situation (NKP Proprietary)
After fours years of ownership, Verdane could realize an 8.5x MBM on its investment in multilingual literacy software firm Lingit Group (NKP Proprietary)
Falck is moving ahead with spin-off of non-Danish Roadside Assistance acc. to sources, investor material to be circulated end of February, process is run in-house without investment bank, KPMG doing financial VDD - Lansforsakringar among potential buyers (NKP Proprietary)
Valedo in early dialogue with possible advisors re. exit of Lakrids by Bülow acc. to sources, 2019 EBITDA of DKK 29m and strong current trading as consumers eat more sweets during the Pandemic (NKP Proprietary)
Information memorandums to be circulated during the coming weeks in EET Europarts exit process led by R. W. Baird (investment bank) and Accura (legal) (NKP Proprietary))
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 27, 2021
Update on EET Europarts - Accura engaged by FSN for an upcoming sale, FIH likely to also get involved
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)
With Danske Bank mandated a year ago for an exit of Intera Partners' portfolio firm since 2015, Pan-Nordic equipment rental firm Renta Group which posted 14.1% growth in 2020 to revenue of EUR 210m and EBITDA of EUR 80m, sources expect dual-track process to kick-off in Q4-2021 (NKP Proprietary)
Advised by Danske Bank and Bruun & Hjejle, well-performing Dentistry chain Tandlægen.dk pushes ahead with exit plans acc. to sources - EBITDA of DKK 70m in 2019 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 1, 2020
Danish dentistry chain Tandlægen.dk mandates Danske Bank for an upcoming exit
Advised by KPMG, the owners of software development consultancy cVation explores ownership options acc. to sources - gross profit of DKK 51m with EBITDA of DKK 10.5m in 2020 (NKP Proprietary)
Teasers are out in J.P. Morgan-led Norlys Tele sales process with IMs to be circulated during the coming two weeks, target is to sell a 20-49% minority stake based on 2020 EBITDA of around DKK 700m and revenue of DKK 3,408m according to multiple sources (NKP Proprietary)
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