Nordic M&A News
May 18, 2018

- Denmark -

Better Collective preparing for an IPO (Borsen) 

The Danish affiliate marketing group Better Collective has disclosed that it intends to pursue a public listing on the Stockholm Nasdaq Exchange. The funds raised through its Stockholm IPO, will be used to continue the ongoing acquisition growth strategy, expanding the firm’s multi-market affiliate network. Better Collective has developed some of the betting sectors highest coverage affiliate portals, including leading European sports betting community bettingexpert.com.

EXPERT INTERVIEWS | LINK TO ARTICLE

- Sweden -

Paypal acquires Swedish FinTech company iZettle (Finans)

Seeking to extend its global reach, PayPal has reached a deal to buy iZettle for about USD 2.2bn. iZettle becomes PayPal’s biggest-ever transaction. For some context, in 2015 PayPal acquired money-transfer startup Xoom for USD 890m. iZettle has operations in 12 markets, including several in northern Europe and Mexico in Latin America, where PayPal doesn’t have an extensive offline presence.

EXPERT INTERVIEWS | LINK TO ARTICLE

Iceland's Arion Bank heads for IPO on Nasdaq Stockholm (Realtid)

Iceland’s Arion Bank plans to list its shares on the Nasdaq Iceland and Swedish depository receipts on Nasdaq Stockholm in the first half of this year aiming to expand its investor base. The bank said it had not decided the size of the initial public offering, but it is expected to be at least 25 percent of its total shares outstanding plus an additional over-allotment option to be sold by Kaupthing, which owns a 56% stake. 

EXPERT INTERVIEWS | LINK TO ARTICLE 

EQT to sell global MedTech company HTL-Strefa (Realtid)

EQT has sold MedTech group HTL Strefa to Investindustrial, which plans to merge business with PIC, the healthcare business of portfolio company Artsana. HTL Strefa has annual sales in excess of EUR 80m and has offices in Zurich, Warsaw and Atlanta. EQT first backed HTL in 2009 and during its ownership period revenues doubled to current levels, as has adjusted EBITDA.

EXPERT INTERVIEWS | LINK TO ARTICLE 

- Norway -

No news to report 

- Finland -

Terveystalo to acquire Attendo's Finnish operations (Yle Uutiset)

Finnish healthcare firm Terveystalo plans to acquire the Finnish branch of Swedish healthcare giant Attendo in a cash deal worth EUR 233m. As separate entities, Terveystalo and Attendo generated combined revenues of EUR 924m in 2017. Attendo's Finnish operations include approximately 2,600 full-time employees including primary and specialist care providers, dental professionals and other staff and generates EUR 235m in annual revenue.

EXPERT INTERVIEWS | LINK TO ARTICLE

GET THE M&A NEWSLETTER IN YOUR INBOX

Prepared by Emil Tange Ohlsen