Update: The William Blair-led sale process for the camera hardware business of Axcel-owned Phase One Group has reached the second phase with NBOs having been submitted in mid-February (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 8, 2023
Company to watch: Axcel is in preliminary exit preparations for the camera (hardware) part of Phase One Group, a Danish integrated software/hardware photography solutions provider, with advisor discussions ongoing, acc. to sources - EBITDA of DKK 43m in FY22 (NKP Proprietary)
OpenGate is working with int. investment bank on a sale of silicon-carbide firm Fiven before the Summer following record 2022 results with adjusted EBITDA of EUR 61.5m, according to sources - opportunity first and exclusively covered by NKP in October (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 19, 2022
Company to watch: Fiven, a sillicon-carbide manufacturer carved-out from Saint-Gobain in 2019 by US private equity firm OpenGate Capital, reports 2021 revenue of EUR 127.4m and EBITDA of EUR 21.2m and may come to market in 2023 according to multiple industry commentators (NKP Proprietary)
Update: NBOs are due next week in the DC Advisory-led exit process for Umove, a Danish private bus operator owned by Cube Infrastructure Partners since 2017 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 29, 2023
Cube Infrastructure Partners is in the early stages of preparing a sale of Umove, a Danish private bus operator within public transportation, according to multiple sources - revenue of DKK 1,002m and EBITDA of DKK 130m in FY22 (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)
Update: NBOs have been collected in Harris Williams-advised process for Axcel-owned Loopia Group, a Swedish domain and web hosting services provider, according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 27, 2022
Company to watch: Axcel-owned pan-European web and hosting services provider Loopia emerges as a strong exit candidate following a successful buy-and-build strategy and a fast growing managed services market (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)
Company to watch: Amid improved financial market conditions and robust continued topline growth, NKP's sources expect a relaunch of EQT's ownership considerations in Banking Circle, a provider of global payments and banking services, by 2025 - ARR of EUR ~300m by end-2023 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 6, 2021
EQT mandates Citi and Morgan Stanley to explore a sale of its Danish fintech company Banking Circle (NKP Proprietary)
Update: The Stifel-advised sale process of Vitroconnect is about to enter the second phase with NBOs having been collected (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 16, 2024
Vitroconnect, a privately owned open access (brokerage) platform connecting network carriers with internet service providers, is in the market with Stifel advising and teasers recently distributed - marketed off 2023 adj. EBITDA of EUR 10m acc. to sources (NKP Proprietary)
Update: Summa Equity has engaged Bryan, Garnier & Co. to guide a potential exit of Documaster, a Norwegian provider of digital information management solutions - early-stage suitor dialogues to commence in Q2-2024 according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 23, 2023
Company to watch: Summa Equity expected to explore ownership options in Documaster, a Norwegian provider of digital information management solutions, within the next 12 months following strong growth figures, acc. to sources - run-rate EBITDA of EUR 2-4m (NKP Proprietary)
Update: NBOs are due this week in the Rothschild-advised sale of a minority stake in Hempel, a global supplier of coatings and paints headquartered in Denmark (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 29, 2022
The Hempel Foundation mandates investment bank Rothschild to explore a sale of a minority stake in coating supplier Hempel, IPO on the horizon - revenue of EUR 1,774m and EBITDA of EUR 203m in FY21 (NKP Proprietary)
Update: Bloomberg confirms NKP's coverage of the Morgan Stanley-led sale process for Immedica Pharma
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 22, 2023
Impilo has mandated Morgan Stanley to explore ownership options for its specialty pharmaceutical commercialization and distribution platform Immedica Pharma according to multiple sources - Revenues of SEK ~1,000m and EBITDA of SEK ~300m in FY23E (NKP Proprietary)
Update: Dansk Ejerkapital-backed Sports Group Denmark grows revenue to DKK 1,107m (+40% YoY) with EBITDA of DKK 147.2m in FY22 - Ownership options are being explored advised by Carnegie acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 4, 2021
High-growth sports apparel company Sports Group Denmark backed by Industri Udvikling (since 2016) reaches revenue of DKK 600m (+20% YoY) w. EBITDA of DKK 49m in 2020, expects +35-40% growth in 2021 (NKP Proprietary)
Update: Advised by Clearwater International, Litorina is pursuing a timely sale of KungSängen, a Swedish bed manufacturer and omnichannel retailer - revenue of SEK +375m with EBITDA of SEK +35m in FY21 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 30, 2021
KungSängen, a bed manufacturer and omni-channel retailer backed by Litorina since 2015, likely to see revenue of SEK +375m (+5-10% YoY) with EBITDA of SEK +35m in 2021 - Litorina may explore ownership options (NKP Proprietary)
Update: NBOs have recently been collected in the Carnegie-led sale process for RGS Nordic, a Danish waste management and environmental services firm (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 3, 2020
Waste mgmt. continues to attract PE-interest, 2020 EBITDA of DKK 259m at RGS Nordic could justify price expectations and a relaunch of the exit process (NKP sources / Analysis)
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)
Update: Final bids have recently been submitted in the HLP Corporate Finance-guided sale process for Tana, a Finnish provider of waste treatment machinery (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
July 6, 2023
Company to watch: The owners of Tana, a well-performing Finnish waste treatment solutions provider, may explore ownership options in H2-2023 according to multiple sources - FY22 revenue of EUR 37.6m (+41% YoY) and EBITDA of EUR 5.8m (NKP Proprietary)
Update: Due diligence ongoing since early January in EY-advised sale of chino pant maker Shaping New Tomorrow, NBOs submitted before the Holidays (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 14, 2022
Teasers have recently been distributed in EY-advised sale of chino-maker Shaping New Tomorrow according to multiple sources, projecting 2022 EBITDA of DKK 42m with a revenue CAGR between 2018 and 2021 of 115% (NKP Proprietary)
Distribution of IMs in Barclays-led sale of AEA Investors owned Scan Global Logistics not yet out as previously expected - delay may be caused by the war in Ukraine according to multiple sources, 2021 normalized EBITDA of USD 129m
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 16, 2021
Scan Global Logistics emerges stronger from the Pandemic with 2020 revenue of USD 1,225 (+14% YoY) and EBITDA of USD 50.6m, 8% organic growth and continued high buy-and-build potential - secondary buyout in Q1 or Q2 2022 a likely exit scenario according to sources close to the firm (NKP Proprietary)
Update: NBOs were submitted in early December in the Rothschild-guided sale of Montagu-owned DEAS, a Danish property management services provider, acc. to multiple sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
July 14, 2020
Montagu may be looking to exit DEAS soon, Altor reportedly placed a bid for the 9.6 pct. 3y CAGR company last year
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