Nordic M&A News
September 13, 2018

- Denmark -

No news to report

- Sweden -

HEXPOL acquires Kirkhill Rubber (Press Release)

HEXPOL has agreed to acquire Kirkhill Rubber from the founder Mr. Edward Reker. Kirkhill Rubber has extensive knowledge in advanced elastomers as well as rubber products for the aerospace, automotive and medical industry. Kirkhill had an annual turnover of 46M USD and the transaction was valued at 49M USD on a debt-free basis.

Ratos divest shares in Gudrun Sjödén Group (Press Release)

Ratos has agreed to sell all of its shares (30%) in Gudrun Sjödén Group to the founder and CEO Gudrun Sjödén. Ratos will receive a consideration of 225M SEK for the shares. Gudrun Sjödén is an international design company and Ratos has been a part-owner since September 2016. Ratos is expected to gain 30M SEK in profits from the investment.

ICA Gruppen invests in Min Doktor (Press Release)

ICA Gruppen has agreed to acquire a 42 percent stake in Min Doktor, through its subsidiary Apotek Hjärtat. The investment consists of a capital contribution of 335M SEK as well as the Minutkliniken business which is valued at 225M SEK. Minutkliniken will become a part of Min Doktor as a result of the acquisition. Min Doktor is also owned by other shareholders including the EQT Ventures Fund.

- Norway -

Nordea and DNB sells stake in Luminor to Blackstone (Borsen)

Nordea and DNB have agreed to jointly sell a 60 percent stake in Luminor to a consortium led by Blackstone. Nordea and DNB will each continue to own 20 percent. Luminor was formed by the 2016 merger of Nordea's and DNB's operations in Estonia, Latvia, and Lithuania. Nordea will sell a 36 percent stake resulting in a gain of 600M EUR and DNB a 24 percent stake for 400M EUR.

- Finland -

No news to report


Prepared by Morten Loft Sørensen