Financial Services
Gennem vores dedikation til den finansielle sektor er vi stolte af at være den førende mid-market rådgiver for finansielle services i Norden.
Den finansielle servicesektor involverer komplekse forretningsmodeller og specialiserede værdiansættelsesmetoder. Vores specialiserede viden har gjort os i stand til at rådgive ved gennemførelsen af mange komplekse transaktioner indenfor forsikring, MGA og generelt i den finansielle sektor. Vi forstår fuldt ud de specialiserede værdiansættelsesteknikker, der er gældende i branchen og er konstant i kontakt med de førende internationale investorer. Denne kombination fortsætter med at føje til vores mange betydningsfulde beviser for succesrige transaktioner inden for finanssektoren.
UDVALGTE TRANSAKTIONER
Financial advisor to Omniveta on the sale to Multitude
The Deal
Multitude, a listed European FinTech company, has agreed to acquire Omniveta, through their business unit, CapitalBox. Omniveta is an invoice purchasing company founded in 2012 dedicated to improving lending liquidity for SMEs across Denmark. With this acquisition, CapitalBox is further expanding its market position in the area of business loans, reinforcing Multitude’s SME banking segment.
Insight
Omniveta will assume the name CapitalBox moving forward, and the team will be integrated into CapitalBox’s Danish division. This acquisition will add invoice purchasing to CapitalBox’s offering for SMEs in Denmark and an opportunity to extend the product across all the markets that CapitalBox currently serves. “We are delighted that Omniveta will be part of Multitude going forward. With the acquisition of Omniveta, we are not only strengthening CapitalBox’s position in the European market, we are also reaffirming our ambition to become the leading provider of non-bank loans in Europe,” says Jorma Jokela, CEO of Multitude. “Omniveta is the perfect add-on to our existing product offering. By combining CapitalBox and Omniveta, we are consistently expanding our business model and our added value. We will be able to make Omniveta’s expertise available not only in the Danish market, but to all our customers across Europe,” says Lasse Mäkelä, Chief Strategy and IR Officer of Multitude.
Financial advisor to Scope Investment in the merger with Artha
The Deal
The leading Danish asset manager Artha is merging with Scope Investment, creating a combined asset management company with a total of DKK 24 billion in AUM
Insight
Artha has DKK 18 billion in AUM, while Scope Investment has over DKK 6 billion under management. Thus, the total group will have approximately DKK 24 billion in AUM. The new group is intended to operate as a Multi-Family Office. The daily management will be comprised of Jan Severin Sølbæk and Brian Kudsk, both of whom are managing directors and partners at Artha. Jonas Melchior, who founded Scope Investment in 2016, joins as an equal member of the executive board
Financial advisor to RiskPoint on the minority investment from Nordic Capital
The Deal
RiskPoint Group is a global independent specialty insurance Managing General Underwriter (“MGU”) based in Copenhagen with offices in Stockholm, Oslo, Helsinki, Amsterdam, Frankfurt, Zurich, Madrid, London and New York. The Group offers a wide range of traditional a nd niche insurance solutions within the areas of Mergers & Acquisitions, Renewable Energy, Liabilities including Financial Lines and Cyber, Off – Shore Upstream, Property & Construction and Accident & Health . As one of the leading and most experienced Financ ial Services investors with deep understanding of the sector and an ability to accelerate organic and acquisitive growth, Nordic Capital will support RiskPoint’s continued growth journey in close partnership with the management team.
Insight
RiskPoint gr oup was founded in 2007 and has since then enjoyed successful and profitable growth in Europe and the U.S., focusing on providing leading underwriting, claims and operational capabilities. RiskPoint Group has built a unique global team of over 150 employee s with a strong commercial mindset and best in class service. The ability to enable the execution of strategic long – term goals while retaining the Group’s independence and partnership – controlled business model, was paramount to RiskPoint when finding the r ight investor. Likewise, the alignment of values and culture between RiskPoint and Nordic Capital were key drivers in the decision – making process.
Financial advisor to the owners of Dansk Tandforsikring and Global Dental Insurance on the majority sale to Gjensidige
The Deal
Dansk Tandforsikring insurance group, founded in 2010, is the leading dental insurer in Denmark with presence across Scandinavia. The transaction comprises insurance and service provider Dansk Tandforsikring Administration ApS (MGA) and the fully licenced insurance company Gl obal Dental Insurance A/S.
Insight
Gjensidige Forsikring ASA is a Norwegian insurance company listed on the Oslo Stock Exchange with 3,800 employees and operating income of NOK 30 billion in 2021.
Financial advisor to Further (ES) on the investment from AnaCap Financial Partners (UK)
The Deal
Further Underwriting International (“Further”) is a leading digitally enabled global niche healthcare insurance and services solutions provider. Founded in 2012 and headquartered in Madrid, Further has successfully established itself as a leading, high gro wth company in its specialty area, with business in over 30 countries through partnerships with more than 300 insurers and employer groups.
Insight
AnaCap Financial Partners is a leading specialist mid – market private equity investor in technology enabled financial services and based in London.
Financial advisor to Nordic I&P on the acquisition of Alm. Brand Liv og Pension
The Deal
Alm. Brand has today entered into a conditional agreement with Nordic I&P to sell Alm. Brand Liv og Pension at a price of DKK 1,100 million. With the acquisition of Alm. Brand Liv og Pension, Nordic I&P going forward will be able to also offer pension schemes to new customers. In connection with the transaction, Alm. Brand Forsikring has entered into a distribution agreement with Nordic I&P on the sale of pension schemes. Alm. Brand Liv og Pension is one of the market’s most well – run life insurance and pension companies with stable, high earnings and return on equity. Alm. Brand Liv og Pension had total pension assets of DKK 16.9 billion at 31 December 2020 and reported a pre – tax prof it of DKK 135 million.
Insight
The owners of Nordic I&P are also in the process of acquiring Norli Pension Livsforsikring A/S, a Danish pension company specialising in handling traditional, average – rate pension agreements. To date, Norli Pension Livsforsik ring A/S has not sold new pension schemes. Based on Alm. Brand Liv og Pension’s market position and experience in selling average – rate pension products, the buyer will in future pursue a strategy which, in addition to consolidating portfolios, will also co ver new sales of the traditional pension product. At 31 December 2020, Norli Pension Livsforsikring A/S had total pension assets of DKK 4.5 billion, and the company reported a pre – tax profit of DKK 22 million for 2020.
Financial advisor to Sundhedsgruppen on the sale to Anacap Partners
The Deal
AnaCap, the specialist European financial services private equity firm acquired a majority stake in leading independent Danish private health insurance business. AnaCap is acquiring the majority stake in SundhedsGruppen from the Company’s Founders, who will retain a minority.
Insight
SundhedsGruppen, provides health insurance and claims management services to clients’ employees and has built a market-leading technological infrastructure that also white labels to other providers in adjunct insurance areas. The Company has a unique partnership arrangement with medical clinics throughout Denmark that allows for best-in-class provision of healthcare services to its customers’ employees, with a clear focus on specialist support and local availability. SundhedsGruppen’s proprietary technological platform facilitates accurate identification of optimal healthcare access as well as reporting, feedback and claims management respectively. AnaCap will now look to leverage its deep insurance sector understanding and expertise in improving both technological and digital infrastructure to support enhancements in the customer experience as well as drive growth in new and existing markets. The business currently provides insurance cover for approximately 250,000 individuals in Denmark, through a client list comprising several of the Nordics’ largest blue-chip companies, having grown from a founder-backed start-up in 2012. Driven by unique market positioning, the Company generated a c.70% CAGR in premiums during the period 2012-2018 vs. a 5% market norm. AnaCap will also deploy its expertise in the insurance sector to support management’s ambition to grow market share internationally, into the Nordics and wider geographical markets, as well as through additional insurance market channels. The growth of the business will be through organic expansion models as well as identifying attractive bolt-on acquisition opportunities.
Financial advisor to Gjensidige on the acquisition of Mølholm Forsikring
The Deal
Nordic M&A was the exclusive financial advisor to Gjensidige on the acquisition of Mølholm Forsikring from PFA Pension. With this acquisition, Gjensidige became the leading provider of health insurance in a market that is growing year by year.
Insight
Gjensidige is a leading Nordic general insurance group operating in Denmark, Norway, Sweden and the Baltic States. The company has around 4,000 employees and its head office situated in Oslo, Norway. The vision of Gjensidige is to safeguard life, health and assets for customers in the private and commercial markets by offering financial services on competitive terms. Gjensidige is also working systematically to become the most customer-oriented company in the Nordic general insurance field, and customer satisfaction was, in fact, record-high in 2017 and previous years. Mølholm is Denmark’s largest and most specialised provider of health insurance to both business and private customers. Following the acquisition, Mølholm and their 75 employees became part of Gjensidige Nordic, which is managed from Denmark. The acquisition of Mølholm Forsikring was part of Gjensidige’s strategy focusing on growth in the health sector, among others. The acquisition cemented Gjensidige’s new position as a leading provider of health insurance on the Danish market.
Financial advisor to Mondux on the sale to Gjensidige Forsikring
Financial advisor to Mondux on the sale to Gjensidige Forsikring
Financial advisor to the founders on the sale to EQT
Financial advisor to the founders on the sale to EQT