Nordic M&A News
April 4, 2018

- Denmark -

Axcel reaches hard-cap with fund “Axcel V” worth DKK 4.6bn (Borsen)

Axcel, Denmark's largest PE-firm, has just reached its maximum size with its fifth fund, Axcel V, worth DKK 4.6bn. Axcel V has already invested approximately DKK 2bn. through three acquisitions. "We have to invest in around 10-20 companies and can not have too many small investments, due to the fact that small investments typically are just as resource-intensive as larger investments." - Managing Partner, Christian Schmidt-Jacobsen.

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Scandinavian Tobacco Group completes acquisition of Thompson and Co. (Borsen) 

Scandinavian Tobacco Group (STG) completes the acquisition of Thompson and Co. of Tampa, a leading US online cigar retailer with net sales of USD 100m. The acquisition strengthens the range of premium cigars offered by STG to US consumers and brings opportunities for scale benefits in combination with STG's existing business. The acquisition is priced at around USD 62m according to Borsen.

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GPV International reports strong growth and looks for acquisitions (Borsen)

Danish electronics manufacturer GPV International reports a net profit of DKK 93m in 2017. The company now looks to accelerate growth and targets a turnover of DKK 2.5bn in five years. GPV is currently looking for opportunities in Europe to acquire competitors with efficient production systems and interesting customer directories.

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- Sweden -

Altor acquires Trioplast (Realtid)

Swedish PE firm Altor Equity Partners has wholly acquired Trioplast, a Smålandsstenar-based manufacturer of sustainable and high-tech plastic film, from the founding family. Trioplast had a turnover of SEK 4.3bn in 2017 and approximately 1000 employees.

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Thomas Concrete Group expands in Northern Germany (Mynewsdesk)

Swedish Thomas Concrete Group (TCG) has acquired two concrete plants in Northern Germany from the family-owned company, Fischer Beton. TCG now has a total of 25 plants in the region. Last week, the Group also acquired several plants in the United States for the production of ready-mixed concrete. TCG had revenues of around SEK 5.7bn in 2017.

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- Norway -

Resurs Bank and yA Bank to make group internal merger (Mynewsdesk)

Resurs Bank and its wholly-owned Norwegian subsidiary yA Bank AS have agreed to adopt a joint merger plan. The merger will be implemented by Resurs Bank absorbing yA Bank. The merger aims to simplify the group structure and is expected to enable a more effective utilization of internal resources, create better knowledge transfer and broaden the product offering under the Resurs trademark.

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- Finland -

Chinese paper company becomes majority owner of Kemijärvi pulp plant (Yle Uutiset)

Shanying, a Chinese paper and packaging products maker will become the majority owner of a planned biorefinery plant in Kemijärvi, Northern Finland. The construction of the plant is expected to start this year and will be ready for operations in 2020. The total value of the investment is EUR 950m and will employ around 1000 people.

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Prepared by Emil Tange Ohlsen