Nordic M&A News
September 3, 2018

- Denmark -

The Danish IT company EG is up for sale (Finans)
The private equity firm Axcel has put the Danish IT company EG up for sale. In 2013, Axcel bought the company from Nordic Capital in a transaction estimated to DKK 1.3bn. Since 2013 EG has bought several companies, and by the end of Q2, their debt was DKK 1.7bn. According to Finans, Axcel will be advised on the sale by FIH.

New Danish fund to invest in Africa (Borsen)
Lisbeth Stausholm Zacho, the founder of Nordic Impact funds, wants to invest in companies that have proved they can create social benefits while also make profits. Nordic Impact funds is categorized as an impact fund and is planning to raise DKK 500m. Currently, the fund has raised DKK 120m from funds, families and private investors, including Augustinus Fonden.

- Sweden -

Readly raises SEK100m in a new investment round (Realtid)

The global digital magazine subscription service, Readly, receives SEK 60m from Swedbank Robur's fund, Ny Teknik, and SEK 40m from Zouk Capital. The money will be used for expansion and digitalization of the magazine industry.

Permobil invests in tech startup Bellpal (Realtid)

Bellpal is a Swedish startup that has developed a mobile service to predict and alert relatives in case of an accident. Family-owned Bellpal has so far received capital, from the Grosskopf family, Per Berglund, Bellpals chief physician John Krueger, Permobil and the artist Molly Sandén. The amount that Permobil has invested in the company has not been disclosed.

- Norway -

Zetadisplay has completed its acquisition of Webpro (DI)

The acquisition, which was announced earlier this year, has now been completed. Zetadisplay reports that half of the purchase price of approx. SEK 21m will be paid on admission, and the remaining part is paid when Webpro reaches certain sales.

The oil service company Archer sells AWC Frac Valves to private equity fund (Hegnar)

The oil service company has agreed to sell its American valve company AWC Frac Valves for USD 30m. In addition, Archer may receive an earn-out of up to USD 5m based on the 2018 financial report.  

Ferd is looking for more acquisitions (DN)

The conglomerate Ferd, is one of the largest private wealth in Norway. Ferd's equity rose by 2.2 percent until the end of June and was just under NOK 33bn at the of the year. Ferd CEO Morten Borge says they are working hard on attractive investment opportunities, and he hopes to land more acquisitions soon.


- Finland -

Gasum acquires Enegia's energy market services (Kauppalehti)

Gasum has acquired Enegia Consulting Oy, Energia Portfolio Services Oy, and IntSream Oy. The purchase price has not been disclosed. With the acquisition, Gasum intends to expand to the natural gas markets and to the entire Nordic region.

Mondo Minerals to be sold (TE)

In 2011, Mondo Minerals, previously named Finnminerals was sold to the US company Advent International by the British private equity firm HG Capital. Now, the British company Elementis has announced its intention to purchase Mondo Minerals for USD 600m. Mondo Minerals are headquartered in Amsterdam, but the roots of the company are in Sotkamo and its talc mine.

Lapland Hotels has taken over Cumulus Kuopio hotel (TE)

Lapland Hotels has entered into an agreement with the Scandic hotel chain, about acquiring the Scandic Cumulus Kuopio hotel business from November 2018.

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Prepared by Morten Loft Sørensen