Extracts from our daily coverage

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November 21, 2023

Triton divests digital marketing company Fonecta to Sponsor Capital

Press Release

October 16, 2023

Update: Access Partners holds the mandate for Triton's potential divestment of Fonecta, a Finnish digital marketing agency, from its ownership in EDSA Group in a Q4-2023 sale process, acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

August 31, 2023

Triton is looking to divest Fonecta, a Finnish digital marketing agency, from its ownership in EDSA Group in a Q4-2023 process with teasers already out, acc. to multiple sources - Sales of EUR 58m and EBITDA of EUR 8m (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 21, 2023

Swedish online grocery store Matsmart raises EUR 40m in a growth funding round

Press Release

Headline from pre-deal coverage in M&A Insights

October 16, 2020

Loss-making Matsmart is closing in on a large funding round, may be followed up by exit or IPO in early 2021 (rumor / NKP analysis)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 17, 2023

Verdane-backed online retailer Desenio (publ.) is likely to perform a new share issue acc. to an analysis by DI

Headline from pre-deal coverage in M&A Insights

August 5, 2020

Verdane's high-growth online poster shop Desenio is nearing a 4-year holding period, Arma mandated for exit since Feb 2020

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 16, 2023

Sofina and LGT Capital Partners acquire a minority stake in Danish software company EG as part of a EUR 400m investment round valuing the company at more than DKK 10bn, acc. to media estimate - EV/Sales of ~4.4x

Press Release

September 5, 2023

Update: Francisco Partners is pursuing a nearly EUR 1,000m refinancing for software group EG in the wake of a prior dual-track process, acc. to sources - minority-stake sale still on the table (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

January 11, 2022

Listing of Francisco Partners owned software provider EG in advanced stage with analyst presentations held before the Holidays, listing expected in Q1-2022 or early Q2-2022 at the latest, according to sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 15, 2023

Swedish industrial conglomerate Lifco (publ.) acquires Danish company Green Instruments

Press Release

September 21, 2023

Update: Ownership explorations for Green Instruments advised by Clearwater Intl. have been relaunched, acc. to sources - EBITDA of DKK 35m in FY22 (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

June 18, 2020

Privately owned Green Instruments might be looking for a buyer

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 10, 2023

Alder divests electrical grid and metering solutions company Aidon to CVC Capital- and Enel Group-owned Gridspertise

Press Release

March 6, 2023

Alder-backed Aidon, a provider of smart grid and smart metering technology and services, explores ownership options advised by Bryan, Garnier & Co. with NBOs being due towards the end of March 2023 - adj. EBITDA of approx. EUR 7m in 2022 acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 23, 2020

PE-firm Alder to exit Finnish technology company Aidon in Q1 2021

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 10, 2023

State-owned airport operator Swedavia issues bonds of SEK 2bn

Press Release

Headline from pre-deal coverage in M&A Insights

February 17, 2023

Plans to privatise capex-needing Swedavia, the state-owned airport operator, are taking form as preliminary informal discussions are ongoing, according to sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 10, 2023

The sale of a minority stake in coating supplier Hempel may have relaunched, according to Danish news media

KapWatch

Headline from pre-deal coverage in M&A Insights

April 29, 2022

The Hempel Foundation mandates investment bank Rothschild to explore a sale of a minority stake in coating supplier Hempel, IPO on the horizon - revenue of EUR 1,774m and EBITDA of EUR 203m in FY21 (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 10, 2023

Norwegian renewable energy company Otovo (publ.) raises NOK 450m in private placement and contemplates a subsequent offering of NOK 60m

Press Release

Headline from pre-deal coverage in M&A Insights

January 22, 2021

Norwegian solar energy company Otovo to pursue public listing (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 9, 2023

Electric car manufacturer Polestar (publ.) is set to receive financing from Volvo Cars and Geely

Press Release

Headline from pre-deal coverage in M&A Insights

January 11, 2021

Volvo-owned Polestar looks for a Series B round at an USD 15bn valuation in 2Q21

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 8, 2023

Norwegian hospitality group Eik Servering to continue expansion with the conduction of a new fundraising round

Finansavisen

Headline from pre-deal coverage in M&A Insights

September 21, 2023

Carnegie and Pareto Securities are advising the private owners of EIK Servering, a Norwegian hospitality and restaurant consolidator, on a potential sale of the group to fund its aggressive acquisition agenda - marketed off sales of NOK 1,000m and EBITDA of NOK 124m in FY22 adj., acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 8, 2023

International investment company abrdn acquires a 49% stake in Etelä-Savon Energia

Press Release

Headline from pre-deal coverage in M&A Insights

May 30, 2023

Etelä-Savon Energia ('ESE'), the heating and electricity grid operator of the City of Mikkeli, is eyeing a 49% stake sale advised by KPMG, with NBOs having been collected in mid-May, according to NKP's sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 6, 2023

French bank Credit Agricole and Austria's BAWAG Group ready to bid for Barclays' German consumer finance unit

Handelsblatt

Headline from pre-deal coverage in M&A Insights

July 7, 2023

Barclays has hosted fireside chats with potential buyers of its German Consumer Finance business, formerly Barclaycard Germany, according to several sources with knowledge of the situation

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 6, 2023

IoT connectivity company Wirepas raises USD 22m in a new funding round

Press Release

Headline from pre-deal coverage in M&A Insights

August 12, 2022

Finnish IoT company Wirepas looks to raise EUR 50-100m in Series C acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 6, 2023

Swedish ventilation company Lindab (publ.) is looking to grow through further acquisitions

Dagens Industri

Headline from pre-deal coverage in M&A Insights

June 2, 2021

OpenGate Capital seeks bolt-on acquisitions for the Norwegian portfolio companies Jotul and Fiven (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 3, 2023

Danish software company EG acquires Norwegian health tech company CheckWare

Press Release

Headline from pre-deal coverage in M&A Insights

August 28, 2023

DNB Markets appointed for the potential sale of CheckWare, a Norwegian privately held patient monitoring software provider, following strong financial performance acc. to sources - EBITDA of NOK 12.8m in FY22 (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 2, 2023

eEquity-backed Go North is facing financial difficulties and may require new funding

BreakIt

Headline from pre-deal coverage in M&A Insights

April 25, 2023

Go North, an investment platform and aggregator of third party Amazon reseller brands, is actively preparing for an IPO-weighted dual-track later this year advised by Carnegie, backed by eEquity since 2022 (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

November 1, 2023

DIF Capital Partners and EDF Invest acquire Norwegian ferry company Fjord1 from Vision Ridge Partners and Havila Holding for a price of approx. NOK 4,000m, acc. to media estimates - EV/EBITDA (2022) of 6.5x

Press Release

September 28, 2023

Update: Final bids are due in October in Rothschild-advised sale of Norwegian ferry company Fjord1, Basalt Infrastructure among potential suitors, acc. to sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

May 1, 2023

Vision Ridge Partners and family office Havila mandate Rothschild to pursue a sale of Norwegian ferry operator Fjord1, targeting a Q3 process with teasers going out shortly, according to sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

October 31, 2023

Swedish telecommunication company Telia (publ.) merges ICT services subsidiary Telia Inmics-Nebula's business operations into Telia Cygate

Press Release

October 14, 2022

Update: Telia is pushing forward with the possible divestment of its ICT services subsidiary Telia Inmics-Nebula with teaser material being "on the doorstep" acc. to sources - investment bank (known to NKP) advising (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

May 31, 2022

Telecommunications firm Telia is in the early phase of preparing for a carve-out of its Finnish ICT business, Telia Inmics-Nebula ("TIN"), according to multiple sources in the private equity environment - 2020 revenue of EUR 158.5m and unadjusted EBITDA of EUR 11.7m

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

October 27, 2023

Global PE firm Rhône acquires a 40% stake in Orkla Food Ingredient, part of Norwegian good conglomerate Orkla (publ.), at an EV of NOK 15,500m - EV/EBIT of 14.1x

Press Release

September 1, 2023

Update: BofA-guided sale of Orkla Food Ingredients reaches an advanced stage, acc. to several sources - strong H1-2023 financials show 16% organic growth (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

October 24, 2022

A sale is the main avenue being explored in relation to Orkla's recently announced intention to seek out partners for its Food Ingredients division, with an investment bank mandated, acc. to multiple sources (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

October 25, 2023

Industrial maintenance company Elcoline Group is looking for acquisitions

Talouselama

Headline from pre-deal coverage in M&A Insights

April 23, 2021

Storskogen directs its M&A Agenda towards the UK and DACH region (NKP Proprietary)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

October 24, 2023

Japanese Oji Holdings acquires material science group Walki from One Equity Partners

Press Release

October 16, 2023

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)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

October 24, 2023

Update: Breakit confirms NKP's coverage of the potential sale of Modular Finance

BreakIt

Headline from pre-deal coverage in M&A Insights

June 13, 2023

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)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

October 18, 2023

Danish startup Klimate raises EUR 3.5m in funding round

Børsen

Headline from pre-deal coverage in M&A Insights

October 5, 2021

Danish startup Klimate prepares to raise DKK 20m series upcoming seed round

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

October 16, 2023

Altor acquires a minority stake in asset management company Mandatum

Press Release

Headline from pre-deal coverage in M&A Insights

December 15, 2022

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)

NKP | M&A Insights Proprietary

Headline from pre-deal coverage in M&A Insights

Extracts from our daily coverage

Update: Access Partners holds the mandate for Triton's potential divestment of Fonecta, a Finnish digital marketing agency, from its ownership in EDSA Group in a Q4-2023 sale process, acc. to sources (NKP Proprietary)

Triton is looking to divest Fonecta, a Finnish digital marketing agency, from its ownership in EDSA Group in a Q4-2023 process with teasers already out, acc. to multiple sources - Sales of EUR 58m and EBITDA of EUR 8m (NKP Proprietary)

Loss-making Matsmart is closing in on a large funding round, may be followed up by exit or IPO in early 2021 (rumor / NKP analysis)

Verdane's high-growth online poster shop Desenio is nearing a 4-year holding period, Arma mandated for exit since Feb 2020

Update: Francisco Partners is pursuing a nearly EUR 1,000m refinancing for software group EG in the wake of a prior dual-track process, acc. to sources - minority-stake sale still on the table (NKP Proprietary)

Listing of Francisco Partners owned software provider EG in advanced stage with analyst presentations held before the Holidays, listing expected in Q1-2022 or early Q2-2022 at the latest, according to sources (NKP Proprietary)

Update: Ownership explorations for Green Instruments advised by Clearwater Intl. have been relaunched, acc. to sources - EBITDA of DKK 35m in FY22 (NKP Proprietary)

Privately owned Green Instruments might be looking for a buyer

Alder-backed Aidon, a provider of smart grid and smart metering technology and services, explores ownership options advised by Bryan, Garnier & Co. with NBOs being due towards the end of March 2023 - adj. EBITDA of approx. EUR 7m in 2022 acc. to sources (NKP Proprietary)

PE-firm Alder to exit Finnish technology company Aidon in Q1 2021

Plans to privatise capex-needing Swedavia, the state-owned airport operator, are taking form as preliminary informal discussions are ongoing, according to sources (NKP Proprietary)

The Hempel Foundation mandates investment bank Rothschild to explore a sale of a minority stake in coating supplier Hempel, IPO on the horizon - revenue of EUR 1,774m and EBITDA of EUR 203m in FY21 (NKP Proprietary)

Norwegian solar energy company Otovo to pursue public listing (NKP Proprietary)

Volvo-owned Polestar looks for a Series B round at an USD 15bn valuation in 2Q21

Etelä-Savon Energia ('ESE'), the heating and electricity grid operator of the City of Mikkeli, is eyeing a 49% stake sale advised by KPMG, with NBOs having been collected in mid-May, according to NKP's sources (NKP Proprietary)

Barclays has hosted fireside chats with potential buyers of its German Consumer Finance business, formerly Barclaycard Germany, according to several sources with knowledge of the situation

Finnish IoT company Wirepas looks to raise EUR 50-100m in Series C acc. to sources (NKP Proprietary)

OpenGate Capital seeks bolt-on acquisitions for the Norwegian portfolio companies Jotul and Fiven (NKP Proprietary)

DNB Markets appointed for the potential sale of CheckWare, a Norwegian privately held patient monitoring software provider, following strong financial performance acc. to sources - EBITDA of NOK 12.8m in FY22 (NKP Proprietary)

Go North, an investment platform and aggregator of third party Amazon reseller brands, is actively preparing for an IPO-weighted dual-track later this year advised by Carnegie, backed by eEquity since 2022 (NKP Proprietary)

Update: Final bids are due in October in Rothschild-advised sale of Norwegian ferry company Fjord1, Basalt Infrastructure among potential suitors, acc. to sources (NKP Proprietary)

Vision Ridge Partners and family office Havila mandate Rothschild to pursue a sale of Norwegian ferry operator Fjord1, targeting a Q3 process with teasers going out shortly, according to sources (NKP Proprietary)

Update: Telia is pushing forward with the possible divestment of its ICT services subsidiary Telia Inmics-Nebula with teaser material being "on the doorstep" acc. to sources - investment bank (known to NKP) advising (NKP Proprietary)

Telecommunications firm Telia is in the early phase of preparing for a carve-out of its Finnish ICT business, Telia Inmics-Nebula ("TIN"), according to multiple sources in the private equity environment - 2020 revenue of EUR 158.5m and unadjusted EBITDA of EUR 11.7m

Update: BofA-guided sale of Orkla Food Ingredients reaches an advanced stage, acc. to several sources - strong H1-2023 financials show 16% organic growth (NKP Proprietary)

A sale is the main avenue being explored in relation to Orkla's recently announced intention to seek out partners for its Food Ingredients division, with an investment bank mandated, acc. to multiple sources (NKP Proprietary)

Storskogen directs its M&A Agenda towards the UK and DACH region (NKP Proprietary)

Update: Final bids have been submitted in the Rothschild-advised exit process for Walki Group, acc. to multiple sources (NKP Proprietary)

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)

Danish startup Klimate prepares to raise DKK 20m series upcoming seed round

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)

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