Nordic Capital and TryghedsGruppen may acquire Nets Holding - MarketLine Financial Deals

Nordic Capital and TryghedsGruppen may acquire Nets Holding

Nordic Capital and TryghedsGruppen may acquire Nets Holding - MarketLine Financial Deals
Nordic Capital and TryghedsGruppen may acquire Nets Holding
Published Dec 17, 2013
5 pages — Published Dec 17, 2013
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About This Report

  
Abstract:

Update on March 24, 2014:
Advent International Corporation, Arbejdsmarkedets Tillaegspension (ATP) and Bain capital, LLC (the consortium) have signed an agreement to acquire 100% of the share capital of Nets Holding A/S, a provider of payments, card and information services, from the existing shareholders, a group of 186 primarily Danish and Norwegian banks, for DKK 92.37 ($17.07) per share. The transaction is valued at DKK17,000 million ($3,142.43 million) in cash.

Advent International and Bain capital are private equity firms, while ATP is a pension services group. Advent International and Bain capital are based in the US, while Nets and ATP are based in Denmark.

In addition, the shareholders will receive the dividend for 2013 totaling DKK498 million ($92.05), or DKK2.7 (0.49) per share.

Nets employs 2,600 employees. The transaction is expected to close in the second quarter of 2014.

Rumor (December 17, 2013):
According to Reuters, sources reported that Nordic Capital Limited and TryghedsGruppen smba are planning to make a bid for Nets.

Nordic is a Sweden-based private equity firm, while TryghedsGruppen smba is a holding company.

Currently, Danmarks Nationalbank 9.9% of shares in Nets, while Nordea Bank AB holds around 20%, DnB NOR ASA around 18% and Danske Bank A/S up to 17%.

The transaction is reported to be valued at approximately between EUR1,000 million and EUR2,000 million.

Reportedly, EQT Partners AB and Goldman Sachs & Co.; the consortium are also among the potential bidders for Nets.

JPMorgan Chase & Co. is considered to be acting as financial advisor to Nets.

  
Source:
Document ID
MA145594_140404
Country
Country
Country
Ticker
DANSKE=DK
Ticker
DNBNOR=NO
Ticker
NDA=SE
Format:
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MarketLine Financial Deals—MarketLine Financial Deals – Identifying and tracking major financial activity across our full scope of company and sector coverage, MarketLine Financial Deals covers mergers & acquisitions, private equity/venture capital backed buyouts, investments, and exits, IPOs and secondary and follow on offerings, and private placements and exits. Additional non-corporate financial deals including partnership agreements, joint ventures, co-development and research, licensing and co-marketing agreements are also available.

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Cite this Report

  
MLA:
MarketLine Financial Deals. "Nordic Capital and TryghedsGruppen may acquire Nets Holding" Dec 17, 2013. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Nordic-Capital-and-TryghedsGruppen-may-acquire-Nets-Holding-2052-101165>
  
APA:
MarketLine Financial Deals. (2013). Nordic Capital and TryghedsGruppen may acquire Nets Holding Dec 17, 2013. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Nordic-Capital-and-TryghedsGruppen-may-acquire-Nets-Holding-2052-101165>
  
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