Advised by Nordhaven Corporate Finance, the owners of Fire Fighting Systems explore ownership options with IMs having been distributed and NBOs soon to be collected, acc. to sources - Expected revenues of EUR 42m and an EBITDA of EUR 9m in FY24E (NKP Proprietary)
Update: NBOs are due 16 October 2024 in connection with Nordic Capital's exit process for Max Matthiessen, a Sweden-based pensions and insurance firm, acc. to several sources - Houlihan Lokey advising (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 1, 2024
Company to watch: As Max Matthiessen continues its buy-and-build strategy and gears up for further geographic expansion, Nordic Capital may be tempted to weigh ownership options in H2-2024 or H1-2025 (NKP Proprietary)
Final bids are collected for the privately-owned printing ink specialists Hubergroup is exploring ownership options with PwC Corporate Finance, marketed off 2024 adjusted EBITDA of EUR ~60m
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 28, 2024
Privately-owned printing ink specialists Hubergroup is exploring ownership options with PwC Corporate Finance, to be marketed off 2024 adjusted EBITDA of EUR ~60m, acc. to sources (NKP Proprietary)
Belgian private equity firm Gimv has mandated Houlihan Lokey to oversee the sale of Rehaneo, a Munich-based outpatient rehabilitation provider that has grown rapidly through organic and inorganic means, with coffee chats underway and a teaser expected soon, based on a projected 2024 EBITDA of EUR 14m, acc. to sources (NKP Proprietary)
Update: Final bids are due on 12 June in Houlihan Lokey-guided sale of Axel Springer's Finanzen.net business - an online financial news site and retail stock trading platform - according to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 16, 2024
Update: sell-side materials are out in the Houlihan Lokey guided sale of KKR-backed Axel Springer's Finanzen.net - a financial news site and retail stock trading platform (NKP Proprietary)
Carnegie is reportedly advising on a possible sale of state-owned car inspection services provider Bilprovningen, with teasers in distribution according to sources - Adj. EBITDA of SEK 130m in 2024E (NKP Proprietary)
The owner of TMC Nordic, a distributor of niche beauty brands, is exploring ownership options in a "live process advised by Clearwater, acc. to sources - EBITDA of DKK 24m in FY22/23 (NKP Proprietary)
Danish premium baby brand BIBS in preliminary preparations for a possible sale advised by Clearwater International - revenue of approx. DKK 230m with EBITDA of DKK 115m in 2021 and expected +50% YoY growth in 2022 acc. to sources (NKP Proprietary)
Teasers have been distributed in the Nordea-advised sale of Hamlet Protein acc. to multiple sources - EBITDA of DKK ~85m in 2024E (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 25, 2021
Altor and Goldman Sachs Merchant Bank mandates investment bank for upcoming sale of Hamlet Protein - a specialist manufacturer of plant-based protein additives targeted at young animals in livestock production, 2020 normalized EBITDA of DKK 30m (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)
The Germany-based software provider for the window and door manufacturing and installations market, Orgadata, is exploring ownership options advised by Connexxa - marketed off 2023 adjusted EBITDA of EUR 6m, according to sources (NKP Proprietary)
Update: Nordea mandated for IPO of KKR-backed Nordic Bioscience, a developer of non-invasive biomarkers - situation first and exclusively covered by NKP M&A Insights on 11 April, process to kick off in the fall of 2022 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 11, 2022
The owners of KKR-backed Nordic Bioscience, a Danish developer of non-invasive biomarkers, is preparing for a listing after the Summer according to multiple sources - still early days with advisors currently being evaluated
Update: Belgian DPG Media's contemplated sale of Danish media company Berlingske Media is handled in-house without an investment bank, according to sources (NKP Proprietary)
The Benchmark International advised sale process of WinValue, a vehicle insurance claims management platform, collected NBOs last week, marketed off 2024E EBITDA of EUR 4m, acc. to sources (NKP Proprietary)
A sales process for Easoft, a Finnish AI-based SaaS platform for SMEs in the construction sector, has been launched, targeting financial sponsors, with IMs out and NBOs due in early May - ARR of EUR ~7m and cash EBITDA of EUR ~2.5m in FY24E (NKP Proprietary)
Bain Capital, Cinven, appoints Jefferies, J.P. Morgan, Morgan Stanley, and Rothschild for reviewing options, including a potential 2024 dual-track process, for their joint portfolio firm Stada Arzneimittel, a generic drug-maker, which it delisted in 2017 - according to sources (NKP Proprietary)
Swedish battery producer Northvolt approaches deadline to secure crucial funding amid financial challenges, engages Goldman Sachs to explore potential sales of parts of business
Update: Due diligence efforts are ongoing in the SEB-advised sale process for Fredrikstad Energi, a Norwegian energy company, acc. to several sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 11, 2024
The Municipality of Fredrikstad has mandated SEB to explore ownership options of its 51% stake in Norwegian energy company Fredrikstad Energi with teasers being out, according to sources - Revenues of NOK 797m with an adj. EBITDA of NOK 238m in FY23 (NKP Proprietary)
Company to watch: Arjun Infrastructure Partners may be exploring ownership options later this year for Denmark's second-largest biogas producer Bigadan following strong FY22 performance, acc. to sources - EBITDA of DKK 343m in FY22 (NKP Proprietary)
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