2021 I OAKLINS YEARLY HIGHLIGHTS

Record transaction activity

In Oaklins Denmark we are proud of our strong results in 2021, and grateful for the trust that our existing and potential clients place in us. Across borders, teams, industries and markets we have collaborated closely, helping entrepreneurs, companies and investors reach their full potential. The M&A market is continuing at full speed, with market participants showing a strong ability to navigate and look beyond COVID-19.

Danish highlights

INDUSTRIAL MACHINERY & COMPONENTS | Storskogen has entered into an agreement to acquire a majority stake in Fremco

Storskogen has entered into an agreement to acquire a majority stake in Fremco, a company specialising in the development and production of fiber blowing machines.The acquisition is fully in line with Storskogen’s long-term strategy of investing in successful niche companies and supporting strong management teams on a continued growth journey. Read more.

CONSTRUCTION & ENGINEERING SERVICES | Oaklins concludes its third transaction in 2021 for MT Højgaard Holding A/S with the sale of the pavilion business to Adapteo Oy

Oaklins concludes its third transaction in 2021 for MT Højgaard Holding A/S with the sale of the pavilion business to Adapteo Oy. The transaction is yet another step in MT Højgaard Holding’s strategy of focusing on its core business and divesting non-core assets. Read more.

CONSTRUCTION & ENGINEERING SERVICES | BWSC sells its Boiler Supply business to the Uruguay-based company BERKES

The Allerød-based company BWSC has reached an agreement with the Uruguay-based company BERKES for the acquisition of its Boiler Supply business. The Boiler Supply business is an international engineering business developing, designing, constructing and commissioning high efficiency advanced utility and biomass steam boilers to the energy industry. Read more.

CONSTRUCTION & ENGINEERING SERVICES | MT Højgaard Holding has sold its site hut rental activities

MT Højgaard Holding (MTHH) has divested all activities within rental of site huts, construction site management and temporary installations to the Danish rental company CP. The transaction comprises a number of key employees at locations in Køge and Vejle as well as equipment including approximately 1,400 site huts and containers. Read more.

INDUSTRIAL MACHINERY & COMPONENTS | AxFlow Holding acquires System Cleaners

AxFlow Holding acquires System Cleaners, a Danish provider of complete open plant cleaning systems and products for the global food & beverage industry. AxFlow makes up the Fluid Handling Solutions business group within Axel Johnson International. Read more.

TMT | esignatur has been acquired by Scrive

esignatur has been acquired by Scrive, a portfolio company of Vitruvian Partners. esignatur and Scrive both specialise in digital signing solutions, with strong geographical and sector complementarity. esignatur benefits from a strong market position and provides Scrive with unique access into the Danish market. esignatur's trusted brand is widely considered synonymous with digital signing. Read more.

TMT | Neets A/S sold to the American group Biamp Systems

Biamp Systems, a leading supplier of professional audiovisual solutions based in Beaverton, Oregon, has acquired Neets A/S, a leading independent maker of audiovisual control systems. Neets will join Biamp as a new product family within the company’s portfolio. Read more.

PRIVATE EQUITY | TMT | VækstPartner Kapital, founders and management, sell CIM Industrial Systems to XANO

The listed Swedish industrial group, XANO, has signed an agreement to acquire all shares in CIM Industrial Systems A/S with subsidiary, a leading Danish Pharma/Industry 4.0 production software specialist. Read more.

CONSTRUCTION & ENGINEERING SERVICES | MT Højgaard Holding's subsidiary Enemærke & Petersen acquires Raunstrup

MT Højgaard Holding A/S’ business unit, Enemærke & Petersen (E&P), has acquired the nationwide construction and carpentry company Raunstrup. The strategic acquisition will bolster E&P's geographical position in Denmark and strengthen its activities within building maintenance services. Read more.

CONSTRUCTION & ENGINEERING SERVICES | Blue Equity is partnering with Bang & Beenfeldt

Blue Equity is partnering witn Bang & Beenfeldt – the leading niche property renovation engineering consultancy in Denmark. The new partnership with Blue Equity provides a great opportunity for Bang & Beenfeldt to increase scope of services and geographic width. Read more.

CONSTRUCTION & ENGINEERING SERVICES | Oré Peinture has been acquired by the Danish group Geveko Markings, the European leader in road markings owned by the Scandinavian investment company Solix.

Oré Peinture has been acquired by the Danish group Geveko Markings, the European leader in road markings owned by the Scandinavian investment company Solix. The enlarged group will be able to provide its customers with the most complete offering on the market. Read more.

Global highlights

BUSINESS SUPPORT SERVICES | PRIVATE EQUITY | Triple deal creates the leading French IP law firm

Ipside Group, Santarelli and Brevalex, three major French industrial property (IP) firms, have merged and created Santarelli Group, the leading French IP consulting firm. This represents the largest consolidation in the French IP advisory market. Read more.

TMT | The largest remaining independent book publisher achieves a robust valuation and secures company legacy

Hachette Book Group (HBG) has completed the acquisition of Workman Publishing Co., Inc. (WPC), one of the largest and most respected independently owned book publishers in the USA. For over 50 years, WPC has published award-winning books in all genres, as well as the bestselling calendar line in the business. Read more.

PRIVATE EQUITY | TMT | Creating the European champion in the IoT market

SECO S.p.A., a key player in the fields of technological innovation and internet of things (IoT), has entered into a binding agreement to acquire the entire share capital of Garz & Fricke Holding GmbH (G&F) from the financial investor Afinum Management GmbH. Read more.

AUTOMOTIVE | PRIVATE EQUITY | TMT | A fast track to leadership in SaaS solutions for the automotive industry

Bee2Link (B2L), the leading provider of software-as-a-service (SaaS) solutions to the automotive industry in France, backed by Bridgepoint Development Capital, has acquired Terranova Web Systems (TWS). B2L allows global OEMs and car dealerships to digitize their offerings. Read more.

FINANCIAL SERVICES | Going global to deliver a broader set of payment solutions

Sentenial Group and its open banking brand Nuapay, a leading end-to-end payments platform specialized in account-2-account transactions, have been sold to EML Payments. Through its regulated subsidiary Nuapay, Sentenial operates in the fast-growing European open banking sector. Read more.

CONSUMER & RETAIL | International investment in Poland’s cosmetics e-commerce sector

Hubert Górecki, the founder and owner of SHOKO Sp. z o.o., has sold a 60% stake to BurdaInternational. SHOKO is an internet platform that sells its products via its online store, cocolita.pl. It is one of Poland’s major players in the online retail sale of cosmetics. Read more.

TMT | Building a portfolio to meet sales teams’ needs

Bigtincan Holdings (ASX:BTH) has raised US$98.6 million via a placement and underwritten accelerated non-renounceable entitlement offer to help fund the acquisition of US-based Brainshark Inc. Bigtincan is a software company that has developed an AI-powered sales enablement automation platform. Read more.

CONSUMER & RETAIL | Perfect alignment between UK’s largest independent home services company and global franchisor

Neighborly Inc. (Neighborly), the world’s largest franchisor of home service brands, has acquired Pimlico Plumbers (Pimlico), a leading independent emergency repair assistance provider to both the residential and commercial sectors in London. Read more.

TMT | Getting ahead in the sustainable green building revolution

Vabi Holding B.V., the Dutch market leader in building simulation and energy advisory software, has been acquired by Vitec Software Group AB. By joining forces, Vabi and Vitec will be able to further expand their business by encouraging the ongoing sustainable green building revolution. Read more.

FOOD & BEVERAGE | Leading pinsa producer on the verge of international expansion

The private shareholders of Pinsalab S.r.l. have sold the company to Deutsche Invest Capital Solutions GmbH. Pinsalab supplies pinsas to large retailers and hospitality operators in Italy and other European countries. Read more.

BUSINESS SUPPORT SERVICES I UK employee engagement solutions provider secures majority investment

Oaklins Cavendish, based in the UK, advised Xexec on the sale of a majority stake to Castik Capital and Abry Partners. Read more.

BUSINESS SUPPORT SERVICES I Expanding capabilities for financial institutions

Oaklins’ team in Spain supported Grupo BC throughout the process, from the initial identification of the opportunity until the closing of the transaction. Read more.

AEROSPACE & DEFENSE I Defense technology business soars to new heights

Oaklins Smith & Williamson, based in the UK, with further support from Oaklins’ A&D specialist in California, worked with the shareholders of TMD to deliver a successful sale to CPI. Read more.

FINANCIAL SERVICES I UK later life lending expert sells minority stake to leading mutual insurer

Oaklins Cavendish, based in the UK, advised Responsible Group on the sale of a 30% minority stake to Royal London. Read more.

CONSUMER & RETAIL I A hidden champion in a fast-growing business

Oaklins’ team in Italy acted as the financial advisor to the Indulti family in this transaction, which will enable ATK Sports to maintain its leadership position in the industry and to become a global player. Read more.

INDUSTRIAL MACHINERY & COMPONENTS I Continued internationalization with a financial sponsor

Oaklins’ team in Italy assisted the shareholders of Zephyr Group as the exclusive financial advisor. The marine equipment specialist team in Italy and the Netherlands initiated the project and supported the transaction during the identification of and contact with potential buyers. Read more.

BUSINESS SUPPORT SERVICES I TMT I Growing together in the dynamic customer contact market

Oaklins’ team in Germany supported the owner of the Nothelle Group as the exclusive M&A advisor. In an international and competitive sale process, Perpetua prevailed as the optimal partner for the existing shareholder. Read more.

INDUSTRIAL MACHINERY & COMPONENTS I Expanding capabilities in the tooling industry

Oaklins’ team in Cleveland, which has extensive experience with tooling companies, served as the exclusive financial advisor to Abrasive Technology in this transaction. The client instructed them to focus on a small group of targeted buyers; therefore, the approached only 17 buyers. In addition, they worked with the Oaklins teams in France and Sweden. Read more.

CONSUMER & RETAIL I Accelerating growth in the European motorcycle accessories market

Oaklins’ team in Germany supported the shareholders of Paaschburg & Wunderlich GmbH throughout the sale process as exclusive M&A advisor. In an internationally-structured and competitive sale process tailored to the wishes of the sellers, Bihr prevailed as the optimal strategic partner. Oaklins’ team in Belgium facilitated communication with the buyer. Read more.

BUSINESS SUPPORT SERVICES I Integrating sustainable solutions in the fire safety market

Unica, a Dutch technical service provider, has acquired Fire Safety Holding B.V., the parent company of Gerco and Applicom. Oaklins’ team in the Netherlands acted as the exclusive M&A advisor to Unica in this transaction. Read more.

TMT I A strengthened position in the profitable and fast-growing cloud solutions market

Oaklins’ team in Spain acted as the exclusive M&A advisor to the shareholder of Nubalia. Oaklins’ team in France identified Devoteam as a suitable candidate and made the introduction to Oaklins in Spain, who managed to maintain deal momentum by effectively addressing and managing the impact of COVID-19 on the sale process, which eventually resulted in a successful closing. Read more.

CONSTRUCTION & ENGINEERING SERVICES I Joining forces in the growing construction and infrastructure market

Oaklins’ team in Israel acted as the sole advisor to the shareholders of Margal Systems in this transaction. The team’s extensive experience in accompanying private companies, together with its in-depth knowledge and relationships with various players in the Israeli market, ensured a successful outcome. Read more.

CONSUMER & RETAIL I Oui Care ready to accelerate its development in France and abroad

Oaklins’ team in France acted as financial advisor to Oui Care in this transaction. The team has supported the company’s growth for more than 10 years and was able to finalize a complex hybrid financing process combining equity and debt, and to bring on board key players, all in a market context deeply affected by the health crisis. Read more.

FOOD & BEVERAGE I Succession at one of the largest independent table fruit and potato traders

Oaklins’ team in Switzerland supported the owners of Capricorn Holding AG during the entire sale process as exclusive M&A advisors. This included the preparation of the sale documents, the identification and approach of potential buyers, the supervision of the buy-side due diligence, as well as negotiations with several parties and support up to the signing and closing of the transaction. Read more.

BUSINESS SUPPORT SERVICES I Strengthening position in the profitable and fast-growing cleanroom market

Oaklins’ team in Belgium acted as the exclusive M&A advisor to the shareholders of Scaldis. The team’s knowledge and insights led to a quick identification of the top European consolidators who were looking to expand their reach in the Belgian market and strengthen their position in the profitable and fast-growing cleanroom market. Read more.

AUTOMOTIVE I Global technology leader for fuel cell turbo compressors

Oaklins’ team in Switzerland supported the owners and the management of FISCHER during the entire sale process as exclusive M&A advisor. This included preparing the sale documents, identifying and approaching potential buyers, supervising the buy-side due diligence, as well as negotiating with several parties and giving support up to the signing and closing of the transaction. Read more.

INDUSTRIAL MACHINERY & COMPONENTS I A global giant’s milestone step in China’s low-voltage electrical components sector

Oaklins’ team in Shanghai assisted the seller through a structured sale process, from the multiple phases of bidding, to valuation, and finally to SPA negotiations and closing. The team also led the vendor due diligence and facilitated and assisted in the legal and financial aspects of the transaction. Read more.

PRIVATE EQUITY I French producer of synthetic paper seizes international opportunity

Oaklins’ team in France supported the shareholders of Arjobex Group in the financing of the acquisition of MDV Group. In a highly-competitive process, the team was able to pool all its expertise and identify the best financial partner in less than four months. Read more.

ECM I Powering organizations with intelligent learning and streamlined solutions

Oaklins’ team in Australia acted as joint lead manager and bookrunner to Bigtincan on its recent placement. The team’s extensive network of institutional investors, together with its strong track record acting as lead manager and corporate advisor on a range of placements, ensured a successful raise for Bigtincan. Read more.

BUSINESS SUPPORT SERVICES I The new leader in office supplies and technology in Switzerland is born

Oaklins’ team in Switzerland assisted the board of directors of PEG Papeteristen Einkaufsgenossenschaft and OFFIX Holding AG as M&A advisor in the transaction with Office World Holding. Read more.

TMT I Managed network services provider in the UK secures minority investment

Systal Technology Solutions Ltd. (Systal), one of the UK’s fastest growing providers of managed network services, has sold a minority stake to Inflexion Private Equity Partners LLP; a move that will help Systal continue to accelerate its international growth. Read more.

HEALTHCARE I Preparing for the future with the right debt financing

Ace Pharmaceuticals (Ace) has been acquired by a consortium of Gilde Buy Out Partners, Gilde Healthcare, Quadrum Capital and Ace’s management. Financing for this acquisition has been provided by ABN AMRO Bank, ASR and Rabobank. Read more.

INDUSTRIAL MACHINERY & COMPONENTS I Expanding automation capabilities into the high growth parcel sortation market

Leadec engaged Oaklins to provide buy-side advisory services on a retained search basis for the North American market. Read more.

FINANCIAL SERVICES I A partnership three years in the making

Oaklins’ team in Jacksonville acted as the lead advisor to the seller and the management of Coastal Insurance Underwriters in the preparation of the sale process and due diligence, the approach and parallel negotiations with potential buyers, and assisted them until closing. Read more.

ENERGY I The rise of an international leader in the gas and water smart meters sector

SIT S.p.A. has completed the acquisition of Janz-Contagem e Gestão de Fluídos S.A. (Janz), a consolidated Portuguese player specializing in the manufacture of residential water meters. Read more.

BUSINESS SUPPORT SERVICES I Consolidating the printing consumables chemicals market

Langley Holdings plc, via its German subsidiary DC DruckChemie GmbH, has acquired BluePrint Products NV and Hi-Tech Chemicals BV from Heidelberger Druckmaschinen AG. Read more.

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Daniel Sand Copenhagen, Denmark
Managing Partner
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Flemming Egtved Copenhagen, Denmark
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Christian Leroy Copenhagen, Denmark
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Kim Harpøth Jespersen Copenhagen, Denmark
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