Nordic M&A News
September 12, 2018

- Denmark -

Axcel preparing for sale of Conscia (Borsen)

According to sources, the Danish private equity firm Axcel is preparing to sell the it-company Conscia and is about to pick which investment bank should assist with the sale. Axcel acquired Conscia in 2015 for approx. 500M DKK from Via Venture Partners and today revenue is at 1.4B DKK and EBITDA at 180M DKK. Several sources with knowledge of the matter have stated that the price tag could be up towards 2B DKK.

- Sweden -

Addtech acquires Nordautomation Oy (News Cision)

Addtech Group has agreed to acquire 80% of the shares in Nordautomation Oy, through its subsidiary Addtech Industrial Process. Nordautomation Oy operates within design, manufacturing and delivery of timber handling equipment and has 85 employees with a total revenue of around 15M EUR.  

KKR to sell Nordic operations of Q-Park (dagens industri 12/09-2018)

KKR has now put the Nordic (excl. Denmark) operations of Q-Park up for sale, which includes Sweden, Norway and Finland. The deal is valued around 4.3B SEK on a debt-free basis EBITDA should be around 285M SEK. KKR acquired Dutch-based Q-Park in 2016 for close to 2B EUR through its infrastructure fund - at the time Q-Park was valued at 15 times previous year's EBITDA result.

Fyndiq up for sale (dagens industri)

Fyndiq has now officially been put up for sale. The Swedish e-commerce company has become its own subsidiary YDB Technologies ahead of a sale. ABG Sundal Collier has been hired to look for new owners. Last year they had sales of 328M SEK, but management is not ready to give any forecast for next year. The company is owned by Industrifonden and Northzone, as well as founders and management.

- Norway -

No news to report

- Finland -

Amer Sports confirms bid (kauppalehti)

In response to a media leak, Amer Sports has confirmed on that it has received a bid from ANTA Sports Products Limited and FountainVest Partners to acquire the listed company for 4.66B EUR. If the deal goes through at the 40 EUR per share, it will be at a premium of 38 percent compared to the price before the news hit. Recently Amer Sports acquired the Danish brand Peak Performance from IC Group.


Prepared by Morten Loft Sørensen