Nordic M&A News
July 2, 2018

- Denmark -

Dangroup Invest makes first investment in GSOL Energy Global (Borsen) 

 The founders of Danoffice IT recently sold their company to the British fund Agilitas and is now launching their own fund Dangroup Invest with the profits from the sale. The fund sits on 1B DKK and plans to invest in 20-100M DKK per company. They have made their first investment is in GSOL Energy Global, a Danish provider of energy solutions.

- Sweden -

Nelly could be sold for up to 2B SEK (Breakit)

According to sources from Börsgolvet, the fashion retailer Nelly, could be closing in on a sale for up to 2B SEK. The current owners Qliro Group has been considering a sale or an IPO, with a sale being the most likely now. The identified potential buyers are Finnish Stockmann, Rune Andersson, Nordic Capital and the owner of Åhlens.   

Axcel looking to increase exposure to Sweden (Di.se)

The Danish private equity investor Axcel is looking to expand its portfolio of Swedish companies. With the recent closing of Axcel V the geographic focus will be slightly different. Previously Axcel has had 25 percent of investments in Sweden, but would like to see that figure grow to 40 percent in the new fund.

- Norway -

Neptune Energy acquires VNG Norge (DN.no)

Neptune Energy Group, a British oil company financed by private equity investors is acquiring VNG Norge from German VNG AG. The transaction price was not disclosed, but the company has a portfolio of 42 licenses in the Nordics. VNG Norge's net reserves were as of December 2017 over 50 MMBOE.

- Finland -

Aspo acquires Swedish AtoB@C (talouselama)

Finnish conglomerate Aspo acquires Swedish AtoB@C through their subsidiary ESL Shipping. AtoB@C operates 30 vessels which mainly carry forest and steel industry raw materials and products. The transaction is valued at around 30M EUR and Aspo acquires all outstanding shares in both AtoB@C Holding and AtoB@C Shipping.

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Prepared by Kent Dalstrup