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)
Reuters confirms ongoing exit process of L Catterton-backed Ganni - could fetch valuation of DKK 5bn
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 22, 2021
Backed by private equity fund L Catterton since 2017, women's fashion brand Ganni delivers revenue of DKK 567m (0% year-on-year) with an EBITDA of 86.8m in 2020 - early-stage exit preparations have begun according to multiple sources (NKP Proprietary)
Founder-owned c-trace, a provider of software and equipment for waste management companies, is being marketed for sale in Project Sherlock guided by Livingstone Partners with projected 2024 adjusted EBITDA of EUR 6m - according to multiple sources (NKP Proprietary)
Update: Wärtsilä (publ.) is entertaining pitches from corporate finance advisors regarding the strategic review of its energy storage business, with a formal process kick-off expected in H1-2024, acc. to sources (NKP Proprietary)
Update: Ownership explorations for accounting automation SaaS provider Wint are reportedly "live" with ABG Sundal Collier advising on the efforts (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 10, 2024
Company to watch: Wint, a fast-growing SaaS-based accounting automation solution provider, is considering ownership options as the company enters a new growth phase - ARR of SEK ~130m as of end Q1-2024 (NKP Proprietary)
Update: Swiss investor Partners Group pulls IPO and sells German building metering technology firm Techem to the world's largest impact fund TPG Rise Climate at an EV OF EUR 6-8bn, acc. to sources (Börsen Zeitung/NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 15, 2023
Update: with management presentations completed in October, IMs being out, and an NBO deadline of second half of December, metering firm Techem's dual-track process mainly draws interest from infrastructure and pension funds, according to sources (NKP Proprietary)
Amor Group, an omnichannel retailer of affordable precious jewellery, backed by Rivean in 2016 but controlled by its creditors since 2021 following financial distress, is in the market with Deloitte Corporate Finance, acc. to sources (NKP Proprietary)
Update: Bank of America appointed in potential sale of Tieto Tech Services, formerly TietoEvry Connect and Transform, respectively, once strategic review is wrapped up - according to multiple sources (NKP Proprietary)
Monterro is in the early phase of preparing for a listing, possible dual track, of insurance policy admin system Lumera - rebranded from Itello in April this year - 2020 revenue of SEK 337m and EBIT of SEK 46.5m and a 2019 bolt on acquisition now integrated, advisors not yet mandated according to sources (NKP Proprietary)
The sale of European Convenience Food - a frozen food maker established in 2013 with backing from VR Equitypartner - is in the due diligence phase following indicative bids in June, advised by Houlihan Lokey (NKP Proprietary)
Update: The dual-track process for Neqst-owned CatalystOne, a Norway-based HR SaaS provider, is in the due diligence phase following NBOs in July, with ABG Sundal Collier and DNB Markets advising, acc. to several sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 14, 2022
Owners of Norwegian HCM SaaS developer and service provider CatalystOne exploring ownership options including a majority sale - 2020 revenue of NOK 114.7 and NOK 11.7m EBITDA - investment bank mandated for process expected in H1-2022 (NKP Proprietary)
AI tech firm Capturi backed by Vækstfonden evaluates DKK +30m capital raise - exit options are also being considered acc. to sources (NKP Proprietary)
Update: The Rothchild-advised sales process for Perbility, a cloud-based HR software solutions provider and a Main Capital portfolio firm, is now live, acc. to sources - marketed off 2023 adjusted EBITDA of EUR 10m (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 20, 2024
Main Capital Partners is reportedly mulling a sale of its cloud-based HR software provider Perbility following two bolt-ons, advised by Rothschild and to be marketed off 2023 adj. EBITDA of around EUR 10m - acc. to sources (NKP Proprietary)
Axcel has engaged Rothschild and Carnegie to advise on a dual-track process for technical installation group Currentum with a process expected to launch in 2025 acc. to sources - LTM EBITA of around SEK 475m (NKP Proprietary)
Company to watch: Finnish stock exchange-listed Admicom, a provider of ERP solutions to the construction sector, has been working with advisors on a general strategic review in addition/relation to the previously announced intention to divest its Industrial segment, acc. to sources (NKP Proprietary)
Update: Jefferies has been appointed to guide the ownership explorations for Denmark-based CDMO MBL Group, minority-backed by Baltic PE firm INVL, according to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 23, 2023
Global medical mobility device manufacturer MBL Group, minority-backed by Baltic PE firm INVL since 2020, may weigh ownership options in the near mid-term, acc. to multiple sources - Revenues of EUR ~100m (+12% YoY) and EBITDA of EUR 16m in FY23E (NKP Proprietary)
Privately held digital signage firm Visual Art explores ownership options advised by Carnegie, with teasers currently being shared with prospective suitors - marketed off revenues of SEK 354m and an EBITDA margin of ~10% (NKP Proprietary)
The owners of Halon Security, a developer of email encryption software, explore ownership options advised by Bryan, Garnier & Co., according to sources - revenue of SEK 31m and EBITDA of SEK 4m in FY22 (NKP Proprietary)
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