Nordic M&A News
June 13, 2018

- Denmark -

Haldor Topsoe A/S has initiated a search for a minority investor (Borsen)

The Topsøe family and Haldor Topsoe A/S have initiated a search process to find a potential investor in order to accelerate growth. It is the intention to list the shares in Haldor Topsoe A/S at a later time. Haldor Topsoe Holding A/S will remain the long-term majority shareholder. It is the intention that a future financial minority partner can own a significant share of the company with an option of an IPO after 5-7 years.

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Ørsted divests Enecogen power plant (borsen)

Ørsted has entered into an agreement to sell its 50% ownership share in the Enecogen power plant in Rotterdam, the Netherlands, to a wholly owned subsidiary of Castleton Commodities International LLC.  The sale is subject to certain customary closing conditions, and closing is expected to take place in Q3 2018.

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- Sweden -

Metso acquisition of P.J. Jonsson och Söner gets approved (branschaktuellt)

Metso Sweden AB's acquisition of PJ Jonsson och Söner receives a clearance from the Swedish Competition Authority. With the acquisition, Metso aims to strengthen the breadth and availability of its product and service offerings for the construction aggregates industry in the Nordics. The acquired company's sales in the fiscal year 2017 were SEK 342m. The parties have agreed not to disclose the value of the transaction

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Bergfalk & Co forms partnership with Johan i Hallen (Press Release)

PE firm Litorina’s portfolio company Bergfalk & Co has formed a partnership with Johan i Hallen, one of the leading specialists with focus on meat, delicatessen meat, fish and seafood. The new group will have a strong market position in Stockholm and Gothenburg with good coverage in the rest of the country and a combined turnover of approximately SEK 1.2bn.

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Securitas completes acquisition of US-based Kratos divisions (Cision)

Regulatory authorities have approved Norwegian security company, Securitas’ acquisition of the division Kratos Public Safety and Security from Kratos Defense & Security Solutions, Inc. The purchase price is approximately SEK 600m. Kratos has annual sales of approximately SEK 1,175m (USD 135m) and the deal includes 400 employees based in the US.

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Balder acquires a hotel portfolio in Germany for EUR 58m (Realtid)

Fastighets AB Balder has acquired a German property portfolio consisting of seven hotel properties for approximately 58 million euros. Balder has signed 20 years lease agreements on all properties with Ligula Hospitality Group, which is an existing tenant at Balder in several hotels already today. About 40 % of the rental value of EUR 4.3 million is in Berlin, other significant cities are Leipzig, Erfurt andGelsenkirchen.

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- Norway -

Swix Sport has acquired 100% of the share capital in Helsport (DN)

Ferd-owned brand Swix Sport has acquired the entire share capital of Helsport. Helsport is one of the world’s leading manufacturers of lightweight sleeping bags and tents. Now the company will join Swix, Ulvang, Lundhags, Hard Rocx and Toko as part of Swix Sport. Helsport reported sales of approximately NOK 120 in 2016 and are expecting further revenue growth in 2017 and 2018.

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Scandza founders buys out PE fund CapVest (DN)

CapVest, a European mid-market private equity firm, acquired Scandza AS, a Nordic consumer food and beverage company back in 2013. The Norwegian founders, Jan Bodd and Stig Sunde are now ready to take back the control of the company joined by a group of investors.

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- Finland -

No news to report

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Prepared by Emil Tange Ohlsen