Update: The Evercore-advised process for Triton's subsea services firm DeepOcean is still ongoing, however, the focus has changed towards a refinancing in the short-term followed by a renewed sale or IPO attempt, most likely during H1-2024 - according to several sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
March 30, 2022
Company to watch: Subsea services firm DeepOcean - a Triton portfolio firm since 2016 - is benefitting dramatically from the surge in oil and gas prices and is a likely exit (IPO) candidate for H2-2022 following a successful turnaround of the UK activities, integration of a new ERP system, and a new financing agreement - according to 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)
Company to watch: Amid the Finnish state's continued divestment explorations of the national postal services provider Posti Group, sources suggest that its Logistics business may be the likely medium-term exit candidate - EBITDA of EUR 34.6m in FY22 (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)
Gigasun (publ.), a Stockholm-headquartered solar energy firm operating in China, is exploring ownership options to secure future growth - the process is still at an early stage with advisors soon to be appointed (NKP Proprietary)
Company to watch: BRP Systems, a provider of enterprise software solutions and digital solutions to the fitness and leisure industry, owned by Valedo since 2017, continues strong development and could appear as an upcoming exit candidate - revenue of around EUR 20m (>80% recurring) and cash EBITDA of EUR 4m in FY23E acc. to sources (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)
Triton pulls planned listing of military vehicles gearbox-maker Renk following unfavorable market conditions, as the first day of trading was planned for tomorrow 05 October (Press release/NKP Proprietary/Bloomberg)
KPS Capital Partners leading in bid for Siemens' Innomotics unit
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 20, 2023
Following the previously communicated review and carve-out of Siemens' Motors and Large Drives business "Innomotics", BNP Paribas has now been mandated to explore a sale (NKP Proprietary)
Update: NBOs submitted in Jefferies advised sale of Single Use Support with Danaher reportedly having passed on its right of first refusal opening the path to a full sale, according to sources (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)
The owners of Ib Andresen Industri, a provider of steel components and solutions, explore ownership options advised by EY Corporate Finance according to multiple sources - Revenue of DKK 1,828m and EBITDA of DKK 136m in FY22/23 (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)
Statkraft is working with SEB Corporate Finance on a potential divestment of its EV charging business, Mer, according to multiple sources (NKP Proprietary)
Update: following Sampo's announcement last week regarding a strategic review of Mandatum, its life insurance and asset management arm, we understand that Goldman Sachs is actively engaged in preparing for a possible sale or separate listing (NKP Proprietary)
Managed data storage SaaS and hardware provider Fast LTA, a portfolio company of Afinum since 2019, is being prepped for a H1-2024 sale with advisors appointed on the back of 2023 adjusted EBITDA of approx. EUR 13m, acc. to multiple sources (NKP Proprietary)
Update: Swiss-based Hochdorf, a baby food and milk powder producer is working with Alvarez & Marsal on its bond refinancing and delisting process, with NBOs submitted at the end of March - market off 2023 adjusted EBITDA of CHF 70m (NKP Proprietary)
CVC-backed on-roads payments provider DKV Mobility suspends IPO plans due to the uncertain market environment, previously tipped at around EUR 4 billion (Reuters/NKP Proprietary)
Company to watch: As a result of the strategic review announced in March, A.P. Moller Maersk is preparing for a possible sale of Svitzer, a leading global towage operator - revenue of USD 774m and EBITDA of USD 229m in FY22 (NKP Proprietary)
Privately owned coconet Group, which provides the multi:versa white label corporate banking platform, appoints ARTHOS Corporate Finance to explore a sale of the company during the first part of 2024 (NKP Proprietary)
.png){kind=logo}
.png){kind=logo}