Nordic M&A News
March 20, 2018

- Denmark -

Danish Crown buys DK-Food's pepperoni-activities (Fyens)

The Danish food processing company, Danish Crown, has acquired all DK-Food's pepperoni-activities, which is the leading pepperoni-producer to the pizza industry. The pepperoni-activities will become a part of Tulip Food Company, which has a global strategic focus in the categories: Bacon, tinned food, snacks and pizza toppings.

MORE INFORMATION | LINK TO ARTICLE 

Polaris is about to acquire Danish design company Menu (Borsen)

According to Borsen, the family behind the Danish design company Menu is in dialog with Polaris Equity about a potential transaction. Last week, CEO Bjarne Hansen confirmed to have a dialog with a private equity fund, but he does not want to disclose any more information. In the period 2014 to 2016, Menu had a profit on DKK 20m overall, and the value of the deal is set to be around DKK 200m.

MORE INFORMATION | LINK TO ARTICLE  

- Sweden - 

Altor enters a strategic partnership with O'Learys (Dagens Industri)

Altor has initially bought almost one-quarter of the shares, planning to acquire around 40-45 percent of the company within the next two years. According to Dagens Industri, Altor paid SEK 800m for the amount. O'Learys reported sales of SEK 2.3bn last year and currently has 130 restaurants worldwide. 

MORE INFORMATION | LINK TO ARTICLE 

The acquisition of Nordax is being completed (Realtid)

The offer on Nordax by Nordic Capital and Sampo at SEK 60 per share, which was reported on February 8 is now being completed, following the required government authorization which they now have received. 

MORE INFORMATION | LINK TO ARTICLE   

Hexagon acquires Agtek (Realtid)

Hexagon acquires the US software company Agtek, which is specialized in planning and productivity solutions to the heavy construction industry, giving companies a comprehensive solution for construction project management. 

MORE INFORMATION | LINK TO ARTICLE

- Norway -

Cyrus Capital and Halcyon to acquire the majority of Norske Skog (Dagens Næringsliv)

Investor Jens Ulltveit-Moe is leading a consortium that has submitted a bid for Norske Skog and awaiting a decision within a few days, he says. The bid is valued at around NOK 4-5bn which mostly comes from New York and London based Cyrus Capital and Halcyon Capital.  

MORE INFORMATION | LINK TO ARTICLE 

- Finland -

Mekonomen is open for acquisitions in Finland (Taloussanomat)

The Swedish specialist in car maintenance, Mekonomen, is planning to accelerate its growth in Finland, which may require acquisitions. Today, Mekonomen is the leading repair shop dealer in Sweden with 460 repair shops and only 23 in Finland. Managing Director, Pehr Orcarson said to Bloomberg that they are interested in acquisitions as these can result in the growth they are looking for. 

MORE INFORMATION | LINK TO ARTICLE  

GET THE M&A NEWSLETTER IN YOUR INBOX

Prepared by Morten Loft Sørensen