Nordic M&A News
February 23, 2018

- Denmark -

PE firm IK investment Partners raises DKK 4 billion for new fund. (Borsen)

IK Investment Partners who is the majority owner of Claus Meyer’s Løgismose Meyer raises a new fund of DKK 4b making it twice the size of the first fund, which primarily targeted smaller companies. The new fund’s strategy will be an extension to the first fund according to Kristian Carlsson Kemppinen, Partner at IK Investment Partners.

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Danish IT-firm Netcompany looking to complete IPO in June 2018 (Borsen)  

The owners of Netcompany including PE firm FSN Capital is working on the sales maturity phase in order to go public in June 2018. According to Borsen is Danske Bank, Deutsche Bank and Morgan Stanley hired to carry out the public listing. The firm is estimated to be valued at at least DKK 5b.

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- Norway -

Tieto acquires Petrostreamz to strengthen position in oil industry (EnerWE)

Norwegian Tieto has signed an agreement to acquire Petrostreamz, a rapidly growing provider of advanced software and services for integrated asset modeling (IAM) onshore and offshore. The acquisition further expands Tieto’s growing portfolio of advanced solutions and capabilities in the upstream business of oil and gas industry. The price is yet unknown according to EnerWE.

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Borr Drilling acquires Paragon Offshore in a push for rig market consolidation(E24) 

Offshore rig firm Borr Drilling, controlled by Norwegian investor Tor Olav Troeim, acquires rival company Paragon Offshore in a push to consolidate the fragmented rig market. This will value Borr drilling at SEK 28b according to rig valuation company Vessel Value.  

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AdCityMedia (ACM) acquires open-air marketing company Prego Media (Kampanje)

AdCityMedia buys  Prego Media, which, with a turnover of NOK 32 million, is the third largest competitor in Norway. With the acquisition, the competition against the two major open-air marketing companies Clear Channel and JCDecaux intensifies.

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- Sweden -

No News to report 

 

- Finland - 

No news to report 

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Prepared by Emil Tange Ohlsen