Publicly-listed TietoEvry is preparing a part sale of its cloud platform services business Connect according to multiple sources following the 2021 reorg and as hinted at in the firm's 2021 annual report (NKP Proprietary)
Update: Final bids in J.P. Morgan-led sale process for Nature Energy are due in the second half of November with multiple financial sponsors and strategic players actively pursuing the asset acc. to several sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 4, 2022
Pioneer Point Partners preparing for a H2-2022 majority sale of Nature Energy, the largest Danish biogas producer, with significant interest from global infrastructure funds, J.P Morgan and Kromann Reumert advising according to multiple sources (NKP Proprietary)
With key US/UK competitor bust and air-travel likely to rebound with vaccine, Nordic Capital is warming up to a 2021 exit (likely IPO) of Lagkagehuset acc. to sources - FIH Partners' may be engaged already (NKP Proprietary)
Next-generation vulnerability management software firm Holm Security is reportedly working on a sale or minority investment/capital raise according to multiple sources (NKP Proprietary)
Investment bank (known to NKP) mandated to explore a sale of HR SaaS provider, Timeplan Software - revenue of approx. DKK 52m and EBITDA of DKK 23m in FY 2021/22 (NKP Proprietary)
Privately owned hobby company, The Army Painter, explores ownership options with Deloitte Corp. Finance mandated and teasers being on the doorstep – expected revenues of DKK 160m with EBITDA of DKK 55m in 2022 based on +25% growth in 2022 (NKP Proprietary)
Privately owned Ymer Technology, a specialist within cooling and hydraulic solutions for the global wind power- and off-highway vehicles industries, is being prepared for a sale according to multiple sources (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: NBOs for First Sentier Investors-owned Forsea - the Helsingborg/Helsingor ferry operator - are due in week 43/end of October according to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 23, 2022
European infrastructure fund First Sentier Investors preparing sale of ferry operator, ForSea, as performance is nearing pre-Covid numbers - 2020 revenue of SEK 944.8m with EBITDA of SEK 170m - investment bank mandated to kick-off process in Q3 (NKP Proprietary)
Company to watch: Flex Applications Sverige - a payroll SaaS and outsourcing services provider - is circled by sponsors and founder may consider bringing in external capital later this year although no process is currently ongoing, according to multiple sources (NKP Proprietary)
Company to watch: Findos-backed FFW, a Global lead agency for customer-centric digital platforms, grows revenue to DKK 422m with pro-forma EBITDA of ~85m in FY21 - strong current trading prompts Findos to consider an early exit acc. to sources (NKP Proprietary)
Update: NBOs for First Sentier Investors-owned Forsea - the Helsingborg/Helsingor ferry operator - are due in week 43/end of October according to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 23, 2022
European infrastructure fund First Sentier Investors preparing sale of ferry operator, ForSea, as performance is nearing pre-Covid numbers - 2020 revenue of SEK 944.8m with EBITDA of SEK 170m - investment bank mandated to kick-off process in Q3 (NKP Proprietary)
Indicative bids due on Jan 27 in PwC Corporate Finance led sales process of state-owned GIS-company Metria, several sponsors showing interest according to sources, management presentations currently ongoing (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 5, 2022
The Swedish Government mandates PwC Corporate Finance to explore a sale of state-owned Metria, a specialist within geographical information services and software ("GIS") following an unsuccessful exit attempt in 2017 - marketed at 2021 EBITDA of EUR 4m according to multiple sources (NKP Proprietary)
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