Nordic M&A News
July 19, 2018

- Denmark -

PE fund owned Nordjyske Standsing reports declining earnings (Borsen)Loss of contracts for hundreds of millions DKK makes a big cut in the earnings for Nordjyske Stadsing, which was acquired last year by PE-funds Triton and Altor. The Danish cleaning supplies company reported earnings of DKK 37m last year before being acquired by the two sponsors. New financial reports now show that the earnings have declined to DKK 8m. The gross profit also declines from DKK 80m to just DKK 26m. The largest lost contract was worth DKK 100m from the Danish government. 

- Sweden -

Nordea Asset Management invests in Madrague Capital Partners (Nordea)

Nordea Asset Management Holding AB has signed an agreement to acquire a 40% stake in Stockholm-based asset management firm Madrague Capital Partners AB. The partnership combines Madrague’s hedge fund investment competences with Nordea's Asset Management distribution network in the Nordics and the rest of the world.

Gunnebo Plans to Divest its business outside of Sweden (Press Release)

Gunnebo has signed an offer from global private equity firm OpenGate Capital to acquire Gunnebo’s business in France, Belgium and Luxembourg. The planned divestment is in line with the company’s strategy to create a more focused business around key product areas: Safe storage, cash management and entrance control. The turnover attributable to the business in 2017 was EUR 117m. The business currently employs approximately 930 persons. 

- Norway -

LINK Mobility forms strategic partnership with NXT / A2N (Press Release)

NXT / A2N (NXT) becomes a partner that will offer LINK's services and become part of the delivering LINK solutions to help existing and new customers with effective marketing. Additionally, the NXT marketing agency becomes LINK Mobility. NXT / A2N Reklame & Digitalbyrå is one of Norway's leading promotional agencies specialized in digital marketing and campaign management, digital and social media as well as traditional marketing. The company has around 25 employees 

- Finland -

No news to report

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Prepared by Emil Tange Ohlsen