Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
PE-backed Mintra to IPO in Norway to finance its M&A; plan
September 23, 2020
Mintra Group backed by Riverside provides training on its e-learning platform to oil and gas companies. Mintra has now hired Pareto Securities and SpareBank 1 Markets to raise between NOK 550 and 650min fresh capital in an IPO, at a valuation of NOK 1.3b. Moreover, it is stated that the company aims to make an acquisition over the next six months and NOK 200m is earmarked for acquisitions and organic growth. During the first half of the year, revenues reached NOK 112 million, with an EBITDA margin of 38 pct increasing from 16 pct year. Assuming a NOK 224m in sales and EBITDA of NOK 85.1m in 2020, it would imply an EV / EBITDA of 15.3x.
ⓘ This story was originally featured in our daily M&A Insights newsletter.
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