Company to watch: Dansk Ejerkapital-backed ICEpower reports gross profit of DKK 137m and EBITDA of DKK 75m in FY22/23
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 20, 2021
Well-performing audio solutions provider ICEpower backed by Dansk Ejerkapital (formerly Industri Udvikling) since 2016 expects revenue of nearly DKK 200m in 2020/21 with solid EBITDA - exit may be on the horizon acc. to sources (NKP Proprietary)
Update: non-binding offers recently submitted as Carnegie-advised sale of Alder-owned Autocirc gains speed - opportunity first and exclusively covered by NKP on 31 Aug (NKP Proprietary) *ESG FRIENDLY*
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 31, 2022
Alder mandates Carnegie in early preparations for a sale of portfolio company since 2020, Autocirc - a circular recycling concept within the automotive parts space - with 2021 pro-forma revenues of SEK 630m and adjusted EBITDA of SEK 99m (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) Privately-held Danish Standoutmedia continues its roll-up play within the digital agency space and expects to deliver EBITDA of DKK 40m in 2022 - would consider inbound approaches from financial sponsors (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 27, 2020
Standoutmedia considers bringing in external capital to accelerate lucrative roll-up play within the digital agency space, 27% Y-o-Y revenue growth targeting EBITDA of DKK 17m in 2020 (NKP Proprietary)
Update: Houlihan Lokey-advised sale of Norwegian e-learning provider and EV Private Equity-owned Trainor has reached an advanced stage, acc. to several sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 4, 2022
EV Private Equity is preparing for a sale of Trainor Group, a specialist electrical safety e-learning and training provider to Nordic energy and industrial companies, with 2021 revenue of NOK 128.3m and EBITDA of NOK 18m, acc. to sources (NKP Proprietary)
Update: three bidders have progressed into the second round of the EY-led sale of Priveq-owned Ports Group acc. to sources - marketed off revenues of approx. SEK 300m and EBITDA of SEK +100m in 2023E (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 24, 2022
Company to watch: owned by Priveq since 2015 and currently the last company in the sponsor's 2011 Fund IV, trademark protection software and service SaaS provider Ports Group delivers 2021 revenue of SEK 150m and is "more than exit ripe" according to multiple sources (NKP Proprietary)
Update: NBOs due mid-May in Carnegie-advised sale of Blue Equity-backed Inspari, an IT consultancy specialising in business intelligence solutions - first covered exclusively by NKP on 14 March (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 14, 2023
Blue Equity-backed Inspari, a Danish data analytics and business intelligence consultancy, is being prepared for a possible sale advised by Carnegie acc. to sources - revenue of DKK 157m and EBITDA of DKK 17m in 2021 with "significant growth" expected in 2022 (NKP Proprietary)
Update: The sale process for Main Capital-owned HR SaaS firm Assessio progresses to the due diligence phase, William Blair advising (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 27, 2023
Update: William Blair mandated for upcoming majority sale of Main Capital-owned candidate assessment SaaS solutions provider Assessio - first and exclusively covered in NKP's Pitch of the Day on 22 March 2022 (NKP Proprietary)
Update: teaser is out in planned sale of Catacap-backed TP Aerospace which is marketed of 2023 budget EBITDA of USD 72m with cash EBITDA budgeted at around USD 35m (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 31, 2022
Advised by FIH Partners, CataCap is preparing for an exit of its 2017 investment in aviation aftermarket company, TP Aerospace, as performance rebounds - expected EBITDA of DKK 250-300m in 2022 acc. to sources (NKP Proprietary)
Update: With NBOs having recently been collected, the ABGSC-advised sale of Sauna360 Group progresses into the due diligence phase acc. to sources - adj. EBITDA of EUR +12m in 2022 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 3, 2023
Sauna360 Group, a well-performing global provider of sauna solutions, is up for a strategic review, ABG Sundal Collier advising acc. to sources - revenue of EUR +80m with adj. EBITDA of EUR +12m in 2022 (NKP proprietary)
Update: With NBOs having recently been submitted, the Carnegie-led sale process for Longship-owned Garda Sikring progresses to the second round acc. to sources - EBITDA of NOK ~150m in 2022E (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
October 31, 2022
Longship-backed Garda Sikring enters Finland through the acquisition of Puomitek - Carnegie mandated to explore a possible sale of Garda Sikring Group following continued strong growth to reach LTM group revenue of NOK +850m and EBITDA of NOK ~150m acc. to sources (NKP Proprietary)
Update: IK Partners relaunches Carnegie-advised exit process for Danish food company Løgismose, with NBOs having been submitted acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 1, 2020
Advisors mulling H1-2021 sale of IK Investment Partners' portfolio firm since 2014, Løgismose, following the restructuring and Thomas Klitbo's exit from the fund (NKP Sources/Analysis)
Update: Final bids have been submitted for EY Corporate Finance-advised sale of Danish digital agency Web-Koncept while it reports strong 2022 financials - EBITDA of DKK 35.3m in FY22, up from DKK 16.6m in FY21 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
May 26, 2023
Advised by EY Corporate Finance, Danish digital agency Web-Koncept explores ownership options acc. to multiple sources - EBITDA of DKK 18.3m in FY21 (NKP Proprietary)
Update: NBOs were collected last week in the Deloitte-guided sale of Nets' eID activities, NemID and MitID, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 31, 2023
The sale process for Nets' eID activities is kicking off with Deloitte Corporate Finance advising, acc. to sources - marketed off revenues of EUR 40m with EBITDA of EUR ~14m (NKP Proprietary)
Update: the potential sale of EQT-owned Ellab is gaining speed with multiple buyers working actively to pre-empt the process, with several sources pointing to a signing before the summer break as a likely scenario (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 10, 2021
Company to watch: EQT-backed Ellab grows revenue to DKK 497m with adj. EBITDA of DKK 203m in FY20/21 Following successful buy-and-build strategy - sources mull that EQT may be tempted to explore ownership options in 2022 (NKP Proprietary)
Update: Houlihan Lokey-advised sale explorations for Norvestor-owned Foxway reaches an "advanced stage" with due diligence ongoing acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 19, 2021
Company to watch: Rebranded last year from Xllnc to Foxway and a portfolio firm of Norvestor since 2019, the Device as a Service firm delivers 2020 revenue of SEK 2,980m (+29% YoY) following a number of add-ons and increasing focus on hardware lifecycle management - advisors mulling sale or IPO on the horizon (NKP Proprietary)
Update: J.P. Morgan-advised sale of Hg Capital-owned Azets, a leading Northern European BPO firm, is in an advanced stage according to multiple sources, first covered by NKP on 05 September 2022 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
September 5, 2022
Hg Capital-owned Azets (formerly Cogital) which was partly built upon the 2016 carve out of Visma's Oslo-headquartered BPO division, is being prepared for a sale in process advised by J.P. Morgan and Skadden Arps according to sources (NKP Proprietary)
Update: the potential sale of EQT-owned Ellab is gaining speed with multiple buyers working actively to pre-empt the process, with several sources pointing to a signing before the summer break as a likely scenario (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
November 10, 2021
Company to watch: EQT-backed Ellab grows revenue to DKK 497m with adj. EBITDA of DKK 203m in FY20/21 Following successful buy-and-build strategy - sources mull that EQT may be tempted to explore ownership options in 2022 (NKP Proprietary)
Update: NBOs were collected last week in the Deloitte-guided sale of Nets' eID activities, NemID and MitID, acc. to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
January 31, 2023
The sale process for Nets' eID activities is kicking off with Deloitte Corporate Finance advising, acc. to sources - marketed off revenues of EUR 40m with EBITDA of EUR ~14m (NKP Proprietary)
NBOs have been submitted for Axcel-backed Delete Group's Cleaning Services business in Finland and Sweden acc. to sources, Danske Bank and Carnegie advising as previously covered by NKP (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 22, 2022
Teasers are out for the sale of environmental services firm Delete Group, a portfolio firm of Axcel since 2013 with 2021 revenue of EUR 131.3m and adjusted EBITDA of EUR 13m, advised by Danske Bank and Carnegie according to sources (NKP Proprietary)
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