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)
Altor is in the early stages of preparing for an exit of their 2007 investment in ship supply services firm Wrist according to sources - normalized 2020 EBITA of DKK 166m and revenue of DKK 4,370m ~ -6.2% YoY (NKP Proprietary)
Update: Media confirms - Privately owned SwipBox, a provider of turnkey parcel locker solutions, is exploring a possible sale - A process led by investment bank Carnegie as prev. covered by NKP (Boersen/NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 25, 2022
Privately owned SwipBox, a provider of turnkey parcel locker solutions, is in the early stages of preparing for a possible sale advised by investment bank Carnegie, +300% YoY growth reaching revenues of DKK 242m with EBITDA of DKK 59m in FY 2021 with continued strong momentum expected for 2022 (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)
Following continuous inbound interest and sustained profitable international growth, Maj Invest is soon to launch a sale process for multi-channel restaurant group Sticks'n'Sushi advised by Deloitte Corporate Finance, according to sources (NKP Proprietary)
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)
Update: teaser is out in planned sale of Catacap-backed TP Aerospace which is marketed of 2023 budget EBITDA of USD 72m with cash EBITDA budgeted at around USD 35m (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 31, 2022
Advised by FIH Partners, CataCap is preparing for an exit of its 2017 investment in aviation aftermarket company, TP Aerospace, as performance rebounds - expected EBITDA of DKK 250-300m in 2022 acc. to sources (NKP Proprietary)
Update: IMs are out in Goldman-advised sale of Oona Health, both strategics and sponsors are lining up according to multiple sources - first covered by NKP 10 October (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 10, 2022
Dansk Sundhedssikring/Oona Health - a portfolio firm of AnaCap since 2019 - is being prepared for a sale according to multiple sources as the health insurance broker gone insurance firm expects 2022 premium income of DKK ~600m and EBT of DKK ~80m (NKP Proprietary)
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