Nordic M&A News
May 24, 2018

- Denmark -

Swedish fund looking for new acquisitions in Denmark (Borsen)

The Swedish capital fund, Nordic Capital, which previously owned companies such as Falck and Nycomed, is ready to buy more Danish companies. A new fund of DKK 32bn will be used in Denmark. "There has been a conscious strategy to expand the investor base in the Nordic region, and we are pleased with the connection that has been made by Danish investors. We have received almost two handful Danish investors who have committed more than DKK 2.5bn" says Lars Terney, partner in Nordic Capital.

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- Sweden -

Mr Green acquires Latvian gaming operator 11.lv (Dagens Industri)

Mr Green (MRG) acquires 75 percent of the shares in 11.lv and the remaining 25 percent is retained by two of the founders who also stay in the company. The acquisition price amounts to EUR 2.8m based on an enterprise value of EUR 3.7m. The purchase price is paid in cash. 11.lv is a well-known Latvian brand focusing on sports book and Latvia's third largest gaming operator in Igaming. The company has a license in Latvia and offers odds, casino and live casino.

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AddSecure Group acquires Vehco (Mynewsdesk)

AddSecure Group acquires the leading European Fleet Management Specialist Vehco to support continued expansion and IoT growth plans. The acquisition will further strengthen the AddSecure Group's position as a leading international provider of secure critical communications solutions and realize Ford's extensive growth in telematics for fleets of commercial vehicles.

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- Norway -

Qumei Home Furnishing Group looking to acquire Ekornes (Reuters)

China’s Qumei Home Furnishing Group made an all-cash bid for Norway’s Ekornes, valuing the Oslo-listed furniture maker at NOK 5.1bn, the companies said in a joint statement. The board of Ekornes unanimously recommended the bid of NOK 139 per share, a premium of 18 percent above Wednesday’s close. “After the first approach from Qumei more than a year ago, the board and management have spent significant time and efforts to assess this strategic opportunity” Ekornes said.

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- Finland -

No news to report

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Prepared by Oliver Jacobsen