Following the Dec 29 settlement of SalMar's NOK 15,100m acquisition of NTS, the acquirer is expected to consider a sale of Frøy, the separately listed wellboat services business of NTS, according to multiple industry sources (NKP Proprietary)
Norwegian investment bank mandated for upcoming sale of Maj Invest's 2012 investment in Vega Sea - a manufacturer of smoked and fresh salmon food products - with 2020/21 revenue of DKK 1,071m (-1.4% year-on-year) and adjusted EBITDA of DKK 31.4m (NKP Proprietary)
Verdane in preliminary dialogue with investment banks for a H2-2021 exit process of high-growth wind turbine components firm Polytech - draws interest from several larger private equity funds and family offices, EBITDA of DKK +300m for 2020 (NKP Proprietary)
Update: Final bids submitted in the Nordic M&A-led sale process for E-learning SaaS platform GoLearn, signing expected before Christmas acc. to sources - marketed off an ARR of DKK 24m in 2022E (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 5, 2022
Advised by boutique investment bank Nordic M&A, the owners of Danish E-learning SaaS platform GoLearn explore ownership options with teaser material having recently been distributed - marketed off an ARR of DKK 24m in 2022E (NKP Proprietary)
The sale process for privately owned Damvad Analytics, a Danish data analytics and IT consultancy, is reaching an advanced stage advised by investment bank Carlsquare acc. to sources (NKP Proprietary)
Following a successful turnaround in Danish publicly listed Sanistål, Danske Bank, Jyske Bank and Nordea (combined +70% ownership stake) mandates Danske Bank Corporate Finance to lead a coming exit process acc. to sources - EBITDA guidance of DKK 160-190m in 2021E
Update: Carnegie-advised sale of IK-owned cantine operator Meyers is gaining speed with multiple bidders having made it to the second round, DD ongoing, and final bids in December (NKP Proprietary)
Teasers are out in the sale process for privately owned gift items and flower supplier Nordiq advised by Clearwater - 2021 EBITDA of DKK 37m (NKP Proprietary)
Update: Information memorandums have been distributed in EY-led sales efforts for Robotize, a Danish AMR firm - first reported by NKP on 07 September (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 7, 2022
Founder-owned Robotize, the company behind the GoPal autonomous robot, is exploring a sale advised by EY Corporate Finance according to multiple sources (NKP Proprietary)
Carnegie mandated for a sale of privately owned professional networking services firm EGN Group - marketed off 2022E EBITDA of DKK 45m (NKP Proprietary)
Company to watch: Konstel, a portfolio firm of Credo Partners since 2019, grows revenue to NOK 1,300m with pro-forma EBITDA of NOK 126m - following a successful buy-and-build strategy, sources mull that Credo Partners may be tempted to realize its investment in the near/medium term (NKP Proprietary)
Nordea-led sale of Indoor Group on hold with continued uncertainty regarding timing (NKP Proprietrary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 8, 2021
Sievi Capital appoints investment bank for the upcoming sale of its portfolio firm since 2017, omnichannel furniture and interior decor retailer Indoor Group acc. to sources - expected 2021 revenue of EUR 193m Pro-forma EBITDA of EUR 32.8m in 2021 (NKP Proprietary)
With NBOs having been submitted in week 41, the sale process for Kimbrer Computer is progressing into the second phase, Deloitte Corporate Finance advising (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 6, 2022
Kimbrer Computer, an international distributor of refurbished IT and network hardware, is pursuing a majority sale with information memorandums out according to multiple sources (NKP Proprietary)
Advised by Clearwater International, well-performing IT security company SecureDevice explores options w. indicative bids having recently been submitted - gross profit of DKK 22m and EBITDA of DKK 7.4m in FY 2021/2022 (NKP Proprietary)
Company to watch: European web hosting provider Group.ONE, a Cinven portfolio firm since 2019 and recently rebranded from One.com, is in preliminary exit preparations following a well executed buy-and build strategy according to multiple sources (NKP Proprietary)
The owners of Norwegian IT consulting company Move AS may bring in an investor in 2022 after having held preliminary fireside chats with financial sponsors in late 2021 acc. to sources (NKP Proprietary)
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