- Denmark -
Erhvervsinvest acquires 80% stake in Danish bedsheet manufacturer Dykon (Borsen)
The Danish PE firm Erhvervsinvest acquires Dykon for a price in the three-digit million DKK range. Dykon was on the edge of bankruptcy in 2007 following the death of the owner Jens Fredholm. His wife took over and with a partnership with Peter Bøgh Petersen they created a successful turnaround reporting a DKK 10m net profit last year.
Nilfisk CEO looking for merger opportunities with American competitor Tennant (Borsen)
Hans Henrik Lund, CEO of Nilfisk is suggesting a merger of the two professional cleaning equipment manufacturers in order to create synergies across the European and American market. Supporting this merger is PrimeStone Capital who owns more than five percent equity in both Tennant and Nilfisk. Tennant has yet to confirm any M&A plans with Danish Nilfisk.
- Sweden -
Resurs Bank AB intends to make a group internal merger with yA Bank AS (Dagens Industri)
Resurs Bank, a wholly owned subsidiary of Resurs Holding, announces the intention to initiate a merger of Resurs Bank and the whole owned subsidiary yA Bank through a cross boarder merger. The proposed plan is scheduled for 2018 and is expected to enable more efficient utilization of internal resources as well as broadening the product range under the Resurs brand.
- Norway -
Scandinavian office furniture manufacturer Flokk Group acquires Profim (Bodoposten)
Flokk Group strengthens their position as the leading player in Europe for office chairs and workplace furnishings after acquiring polish Profim for an unknown amount. CEO of Flokk added: “Profim and Flokk have a complementary product portfolio which will make our combined offering more attractive especially towards larger projects, as well as being a competitive partner for office furniture distributors.”
- Finland -
No news to report