Update: NBOs are due this week in Longship's ownership explorations for Sensio, a Norwegian integrated health-tech company, advised by William Blair, acc. to several sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 6, 2023
Longship appoints William Blair for a future exit of Sensio, a Norwegian integrated healthtech company and a Nordic market leader, as the firm is drawing attention from suitors, although timing is yet to be decided and not imminent, acc. to sources - revenues of NOK ~450m (+20-25%) and EBITDA of NOK 70-80m in FY23E (NKP Proprietary)
Update: NBOs were collected last week in the EY Corporate Finance-advised process for Nextway Software, a Danish provider of document management SaaS solutions, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 15, 2024
The owners of Nextway Software, a Danish document management SaaS provider, explore ownership options advised by EY Corporate Finance with teasers currently being distributed - marketed off revenues of EUR 10m in 2023 (NKP Proprietary)
Update: Houlihan Lokey has been engaged to advise on the ownership considerations in Sprints Capital-backed Teamtailor, a Swedish recruitment software provider (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 12, 2024
Sprints Capital-backed recruitment software provider Teamtailor is being prepared for a process with a minority stake sale being the most likely scenario acc. to multiple sources (NKP Proprietary)
Update: The Deloitte- and Jefferies-advised sale process for Axcel-owned Nissens Automotive is entering the due diligence phase following recent NBO submissions, acc. to several sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 24, 2021
Following the pre-emptive sale of Nissens Cooling Solutions to APM Holding, Axcel is expected to follow through with a sale of the remaining (well-performing) automotive aftermarket business at any given time several sources explain - pro-forma revenue of DKK 1.1bn in FY 2020/21 (NKP Proprietary)
Credit analysis software provider Kreditz experiences strong growth in 2023 and eyes future acquisition opportunities amid early-stage preparations for European expansion - current ARR of SEK 44m (NKP Proprietary)
The (private) owners of AVM, the Berlin-headquartered consumer electronics company behind the Fritz! brand, mandates Lincoln International to explore a majority sale later this year, according to several sources
Update: DNB mandated for H2-2022 sale of industrial and oil & energy services provider Beerenberg - the Segulah-owned firm is marketed off EBITDA of around EUR 25m according to multiple sources, opportunity first covered by NKP on 02 June, 2021 (NKP Proprietary)
Cloud-managed services provider and Microsoft Gold partner, glueckkanja, backed by PrimePulse since 2019, is exploring ownership options advised by Raymond James - 2023 adjusted EBITDA of EUR 10m, acc. to sources (NKP Proprietary)
Non-binding offers recently collected in Lincoln International guided sale of Surplex, a Pan-European online (B2B) auction house for industrial machinery - according to multiple sources (NKP Proprietary)
Update: NBOs are due on March 27 in auction process for DB Schenker following buyer beauty parade to be held at the March 15 meeting of the Railway Supervisory Board, according to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 28, 2023
Update: DB Schenker to be sold as one unit and not split up it has been decided by Deutsche Bahn's supervisory board amid the ongoing strategy review and planned high-profile sale advised by Goldman Sachs, Morgan Stanley, and Deutsche Bank (Press release/NKP Proprietary)
Babcock & Wilcox (publ.) is working on a possible divestment of its supplier of spare parts and services for Scandinavian energy plants, previously named Voda, with NBOs due next week in the Clearwater International-led sale process - EBITDA of EUR 10m in FY24E (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)
Esmaeilzadeh Holding appoints Danske Bank to explore ownership options for Swedish dental care chain Dentalum - LTM revenues of SEK 455m and EBITDA of SEK 71m in Q2-2023 (NKP Proprietary)
Privately owned IT group Ginger GmbH is considering a sale of Slashwhy - a custom software development agency with revenues and EBITDA of EUR 20m and EUR 4-5m, respectively - advised by GP Bullhound, according to multiple sources (NKP Proprietary)
Arctic Securities holds the mandate for Buypass, a digital ID and payment solutions provider jointly owned by Tietoevry and Norsk Tipping (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 3, 2023
Company to watch: Buypass, a Norwegian digital ID and payments solutions provider jointly owned by Tietoevry and Norsk Tipping, experiences steady growth to reach revenue of NOK 310m and EBITDA of NOK 40m in FY22 - ownership options are likely to be weighed acc. to sources (NKP Proprietary)
Doxa has retained ABG Sundal Collier to advise on its efforts to carve out and divest the contracting business of Serneke, a Sweden-based construction company, with the process now being "live" acc. to sources - Revenues of SEK 6.2bn in FY23 (NKP Proprietary)
ProMark, a Danish workforce management SaaS vendor, has mandated EY Corporate Finance to explore ownership options, with an expected kick-off in 2024, acc. to sources - Revenues of DKK 77m (+15%) and an EBITDA of DKK 10m in FY22 (NKP Proprietary)
Update: Evercore guided sale of Klocke Gruppe's biologics division, CDMO firm IDT Biologika, is now in due diligence phase following NBOs submitted in the second half of October with multiple bidders pursuing, acc. to sources (NKP Proprietary)
Advised by Torch Partners, online veterinary platform FirstVet is currently exploring a minority stake sale/capital raise with teasers having recently been distributed, acc. to sources - Revenue of EUR 18m for 2023E (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 16, 2022
Company to watch: FirstVet, a Swedish-headquartered VC-backed digital veterinary clinic, expects revenues of EUR 20m in 2022E - Next capital raise could be explored in the medium term acc. to sources (NKP Proprietary)
Advent International encourages initial bids for Aareon, Aareal Bank's software arm
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 6, 2023
Advent International is teaming up with advisors in preparation of a potential 2024 process for Aareon, a provider of SaaS solutions for the property industry in which the sponsor acquired a 30% stake in 2020, following successful add-ons and expected 2023 adj. EBITDA of EUR 90-100m - acc. to sources (NKP Proprietary)
Update: Rothschild is handling inbound investor dialogues for audience engagement platform Mentimeter in addition to, and possibly instead of, the previously contemplated IPO track advised by Carnegie acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 1, 2020
Boosted by the Pandemic, presentation SaaS firm Mentimeter is ahead of target w. +30m new users YTD, could be warming up to suitors with recent peer valuations (NKP Analysis)
Update: The PwC Corporate Finance-guided sale process for a minority stake in Granlund Group, a Finnish provider of design services for construction projects, has reached an advanced stage (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 20, 2023
Granlund Group, a privately held provider of engineering, consulting, and software services to the construction sector, has engaged PwC Corporate Finance to advise on ownership explorations, with teasers having recently been distributed, acc. to sources - Revenue of EUR 129m (+19% YoY) and EBITDA of EUR 14.8m in FY22 (NKP Proprietary)
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