Nordic M&A News
June 28, 2018

- Denmark -

Investment firm Brightfolk invests in Winefamly (Borsen)

Anders Holch Povlsen's investment firm, Brightfolk buys 25% of the shares in Winefamly and becomes the largest shareholder in Morten Strunge’s bet on a new wine club concept. Winefamly is still not profitable. The newly raised capital will be used to boost marketing initiatives and to look into opportunities for expansion abroad. The share price is undisclosed.  

- Sweden -

AMF buys 35 percent of the shares in Stena Renewable (DI)

Pension fund AMF has signed an agreement to buy 35 percent of the shares in the wind farm Stena Renewable, which corresponds to a deal size of SEK 750 million. AMF expects to invest another 1 bn in the next few years when Stena Renewable builds new wind power turbines. The company currently has a project portfolio of 150-200 projects, which is estimated to cost close to SEK 6bn to complete.

Lifco AB acquires dental manufacturer in Italy (Realtid)

Lifco has signed an agreement to acquire the majority of the Italian dental company Rhein 83. The company develops and manufactures advanced dental attachments, used for example to attach full dentures to dental implants. The products are sold via distributors globally. In 2017, the acquired operation reported net sales of approximately EUR 8m. The business employs 25 employees. The operation will be consolidated in Business Area Dental.

Cash handling company Loomis completes acquisition in Chile (Cision)

Swedish Loomis has, through one of its wholly-owned subsidiaries, acquired 100% of the shares in Compañía Chilena de Valores S.A. (CCV) in Chile. CCV conducts domestic cash handling services. The enterprise value, i.e. purchase price plus acquired net debt, is approximately SEK 250m. CCV has approximately 1,000 employees and the annual revenue in 2017 was approximately SEK 95m.

Humana expands in Finland – Acquires Luotsimaja Oy (Realtid)

Humana AB acquires Luotsimaja Oy with operations within psychosocial treatment for children and youth in Pori, Western Finland. Revenues in Luotsimaja Oy amounted to approximately SEK 10m in 2017. The acquisition strengthens Humana’s position as the leading Nordic provider in individual and family care in Finland. The transfer will take place immediately and the operations of Luotsimaja Oy will be included in Arjessa, Humana’s Finnish subsidiary. 

- Norway -

Norwegian software provider Techstep acquires Wizor AS (Hegnar)

Techstep has signed an agreement to acquire Wizor, an Oslo-headquartered mobile encrypted voice and text technology player. The purchasing price is NOK 18.5m for the business. The deal is in line with Techstep’s ambitions to become a leader in its field within the Nordic region. Wizor employs six people, had a turnover of NOK 13m in 2017 and has a customer base including big names such as the Oslo Stock Exchange and Rolls Royce Marine.

Nokas are in the process of acquiring AVARN Holding (Press Release)

Security Company, Nokas confirms, that they are in final negotiations with Sector Alarm Group, regarding the acquisition of their company AVARN Holding, who operate in Sweden and Finland. Nokas has been working for years with consolidating the Nordic market. Until now, the company has acquired 77 companies. The companies in AVARN Holding have a total turnover of about NOK 2.8bn.

- Finland -

Zeeland Family acquires marketing company Avidly AB (Press Release)

Communications media company Zeeland Family has signed a letter of intent to acquire 100% of the shares in Swedish Avidly, offering Hubspot marketing automation services. With this transaction, Zeeland Family enters the markets outside Finland. Avidly employs 45 people and comprises three fully-owned companies: Doidea Consulting AB in Sweden, Inbound Norway AS in Norway and Katalysator Kommunikation ApS in Denmark. The combined company will employ approximately 210 people and have a turnover of EUR 22-24m. 

Keskisuomalainen acquires research firm Iro Research (Talouselama)

Media company Keskisuomalainen acquires 100% of the share capital of Iro Research, who conducts market and opinion surveys. Iro Research Oy 's turnover last year was EUR 3.5m. The company's operating profit for the last year was approximately EUR 960,000. The company employs nearly one hundred people, of whom 21 are full-time employees.

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Prepared by Emil Tange Ohlsen