Nordic M&A News
August 21, 2018

- Denmark -

Families behind Danfoss and Radiometer invests in Leo Pharma competitor (Borsen)

The families behind the two successful industrial companies Danfoss and Radiometer invest approx DKK 500m in MC2 Therapeutics, a new potential competitor to Leo Pharma's psoriasis products. Potentially they will have a product ready within two years, which according to a clinical trial is both better and more comfortable to use than Leo Pharma's leading product.  

H+H is looking for acquisitions in Germany (Euroinvestor)

H+H is looking for acquisitions in Germany within the fields of autoclaved aerated concrete, which is a highly fragmented and competitive market. "I think most of the producers have positive cash flows, so it may take quite a while before capacity adjustment takes place," says CEO Michael T. Andersen from H + H in an interview with Ritzau Finans.

The owners of Altan.dk sells 30 percent of the company (Borsen)

The sale is a reality following its recent losses of DKK 25m for the fiscal year 2016/2017. The buyers are Allan Søgaard Larsen and Morten Reginald Pedersen, who are both former directors of Falck. CEO of Altan.dk tells Borsen that following the deal, the companies financial situation has been strengthened and that the investors also have some very good know-how that is useful for the company.  

- Sweden -

LRF Konsult acquires Bokoredo, a digital accounting agency (Realtid)

LRF Konsult presents its first acquisition since Altor entered the ownership of the consulting company. They have acquired Bokoredo, a fast-growing digital accounting agency with 600 customers. It was founded in 2012. with a business model focusing on automation and outsourcing. The purchase price of the company has not been disclosed. 

 

- Norway -

Owners of Melin Medical are considering a sale (Hegnar)

The Melin Group, established by Jesper Melin Ganc-Petersen in 2011, provides payment solutions to the medical industry, including administration and debt collection services. Including several acquisitions that were completed, the pro forma accounts for 2017 shows revenues of NOK 310m and EBITDA of NOK 163m. The Melin Group states that it has received indicative bids for a majority of the shares in the group and as a result of Danske Bank, has been hired as financial adviser to explore following possibilities; A sale of the stock majority, A merger of the Melin Group, or to continue the execution of Melin Group's strategy as an independent company. 

- Finland -

Viria acquires the security company Ymonin (Kauppalehti)

Viria, which is an expert in business security and digital services, has acquired Ymonoin, a provider of data security and data services. Viria believes the transaction strengthens its digital security business and in particular the security and IT Infrastructure monitoring and reporting services. 

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Prepared by Morten Loft Sørensen