Transactioner
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Østjydsk Bank A/S has successfully completed the rights issue and the offering of capital securities with gross proceeds of DKK 87.8 mill. The rights issue with pre-emptive rights for existing shareholders has been successfully completed whereby 240.000 new shares at a nominal value of DKK 100 were subscribed at a price of DKK 250 per share. The offering of capital securities (tier 1 capital) resulted in a subscription of DKK 27.8 mill.
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Atrium Partners has been exclusive financial advisor to
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| MAX BANK COMPLETES RIGHTS ISSUE WITH GROSS PROCEEDS OF DKK 103,9 MILL Max Bank rights issue of 4.157.625 new shares at a price of DKK 25 per share with pre-emptive rights for existing shareholders, has successfully been subscribed at the maximum number of offered shares. Investors, who have pre-subscribed or entered into an underwriting agreement, have subscribed 997.199 shares. The gross proceeds of the rights issue is DKK 103,9 mill. After deduction of expenses obtained in connection with the rights issue, Max Bank will gain net proceeds of approx. DKK 94,8 mill. The net proceeds will be used to further strengthen the capital base of the bank, providing Max Bank with stronger funding, liquidity and solvency. The rights issue will secure a solvency for Max Bank of 15,4%. The total number of shares in Max Bank after the issue amounts to 7.622.313 shares at a nominal of DKK 20. The new shares will be officially listed at NASDAQ OMX Copenhagen from the 29th October 2010 under the ISIN code for the existing shares (DK0010305903). ATRIUM Partners has acted as financial advisor to Max Bank in connection with this rights issue |
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| ATRIUM Partners has acted as financial advisor for Financial Stability Company in connection with the sale of FinansService. Financiel Stability Company and the subsidiary EBH Bank have agreed the sale of FinansService to Lindorff. The sale is conditional on the approval of the German Competition Council. FinansService is the market leader in Denmark in outsourcing of non-performing loan portfolios with a primal focus on servicing Danish financial institutions and other Danish companies with non-performing loan portfolios. FinansService has around 200 employees in Denmark and Germany. By the end of 2009, FinansService had total assets with a book value of DKK 478 mill. mainly in loan portfolios. Lindorff is a leading European provider of debt-related administrative services. Lindorff offers a list of services including customer selection, credit evaluation, invoicing, reminders, debt collection, portfolio management, customer services and accounting. Lindorff has approximately 2200 employees in 11 countries. In 2009 the net revenues was DKK 2.800 mill. Lindorff is owned by Altor Equity Fund (50%) and Investor AB (50%). |
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| ATRIUM Partners has acted as Lead Manager in the rights issue for Columbus IT. Columbus IT offered 26,434,873 of new shares at a share price of DKK 1.90 per share with pre-emption rights to existing shareholder in the ratio of 3:1. with the result of gross proceeds of approx. DKK 50.2 million. The issue was fully subscribed with the result of gross proceeds of approx. DKK 50.2 million. The underwriter, Consolidated Holdings A/S, subscribed for 2.82% of the issued shares due to the underwriting agreement. ATRIUM Partners has as Lead Manager of the rights issue prepared and executed the issue, including communication and coordination with the Danish FSA and NASDAQ OMX and headed drafting of the prospectus. |
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| ATRIUM Partners has acted as Lead Manager in the ongoing rights issue in Topsil Semiconductor Materials. Topsil Semiconductor Materials offers 103.890.151 new shares at a share price of DKK 0,90 per share with pre-emption rights to existing shareholder in the ratio of 4:1. Gross proceeds of approx. DKK 93,5 mio. will be used for implementation of an offensive growth strategy and expansion of production capacity. The issue is underwritten by Realdania, Chr. Augustinus Fabrikker Aktieselskab, Small Cap Danmark A/S, Fondsmæglerselskabet LD Invest A/S and the main bank connection of Topsil. ATRIUM Partners has as Lead Manager of the rights issue prepared and executed the issue, including communication and coordination with the Danish FSA and NASDAQ OMX and headed drafting of the prospectus including announcements and materials. |
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| ATRIUM Partners has acted as financial advisor to the shareholders og M1 A/S in connection with the sale of M1 to Telmore a legal entity in TDC group. M1 is a Danish Mobile Virtual Network Operator. Since M1 was founded in 2003, the company has been among the cheapest and most innovative suppliers of mobile telephony subscriptions with the highest quality on the market. M1 is expected to generate three figured turnover in 2009 with a customer base of more than 100,000 customers, equal to a market share of approx. 2 %. TDC is Denmark´s largest telephony company, holding a strong market position in Denmark within fixed line- and mobile telephony, internet and data communication and cable tv. M1 will remain an independent company and brand within the TDC group and the management of M1 will continue unchanged. |
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| Issue of listed subordinated loan capital of DKK 100 million (EUR 14 million) to an annual interest rate of 8%. ATRIUM Partners has acted as financial advisor for Skjern Bank in connection with the issue of subordinated loan . Skjern Bank’s issue of listed subordinated loan has upon expiry of the offer period on 8 December 2009 been fully subscribed. The subscription is allocated to 600 individuals and companies predominately from the south-west of Jutland in Denmark. No single subscription exceeds 5% of the total issue. With the issue, Skjern Bank wanted to secure a capital base to maintain a solid solvency at a level above the individually identified solvency need, and to support growth of the balance as well as to withstand expected and non-expected loan impairment charges. The issue was a supplement to the bank’s acceptance of hybrid tier I capital from the Danish Bank Guarantee Scheme with DKK 65 million (EUR 9 million). Skjern Bank chose a partly utilisation of the total loan opportunity of DKK 117 million (EUR 16 million) from the Danish Bank Guarantee Scheme in order to offer the bank’s shareholders and customers an attractive fixed income investment opportunity in the above subordinated loan. |
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| ATRIUM Partners is the Lead Manager of the current rights issue in Skælskør Bank Skælskør Bank is issuing 1,800,000 new shares at DKK 35 per share with subscription rights for existing shareholders at a ratio of 1:1 Out of the proceeds of 63 mill. will the net proceeds of DKK 55 mill. be used to strengthen Skælskør Bank’s solvency thus meeting solvency demands from the Danish FSA as well as qualifying the bank to receive a capital injection via the Act on State-Funded Capital Injection (Bank Pakke II) The rights issue is guaranteed by ATRIUM Partners, Vestjysk Bank, DiBa Bank og Møns Bank if shareholders will subscribe minimum 900,000 new shares As Lead manager of the rights issue ATRIUM Partners has managed the planning of the issue including handling the communication and coordination with the Danish Financial Supervisory Authority and NASDAQ OMX, producing the prospectus with announcements and material as well as guaranteeing the issue |
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| ATRIUM Partners has acted as financial advisor to Skælskør Bank in connection with securing undertakings to subscribe for DKK 51,5 mill. in tier 1 capital. The undertakings are conditional upon the completion of a rights issue. ATRIUM Partners is sole lead manager for the rights issue. |
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| ATRIUM Partners has acted as financial advisor to the founders and shareholders of Fullrate A/S in connection with the sale of Fullrate to TDC. Fullrate is a Danish nationwide supplier of inexpensive mobile and regular ADSL and SDSL broadband and tele products to B2B and B2C. Since Fullrate were founded in November 2005 the company has centred on delivering the cheapest broadband solution in the market with the highest quality. By the end of 2008 Fullrate had approx. 76.000 broadband customers, a turnover of DKK 181 million and an EBITDA of DKK 36 million. By the end of February 2009 the client base had risen to more than 82.000 customers equalling a market share of approx. 4 %. TDC is Denmark’s largest tele company and holds a strong market position in Denmark within fixed line- and mobile telephony, internet and data communication and cable TV. Fullrate will remain an independent company and brand within the TDC concern and the management of Fullrate will continue unchanged. |
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| ATRIUM Partners acted as financial advisor to Nordzucker AG in connection with the acquisition of Danisco Sugar A/S. Nordzucker has through the acquisition of Danisco Sugar A/S positioned themselves as the second largest sugar producer in Europe and the largest in Northern Europe. The acquisition of Danisco Sugar supports Nordzuker's strategy to actively contribute to the consolidation of the sugar industry within the EU. Nordzucker produces sugar in Germany, Poland, Slovakia, and Serbia and in addition bio ethanol. Nordsucker’s turnover for 2007/08 was EUR 1.377 mio. and their EBITDA was approx DKK 1.900 mio. Danisco Sugar is the 6th largest sugar producer in Europe and produces sugar in Denmark, Sweden, Finland, Lithuania, and Germany. In addition to sugar production Danisco has an independent high marginal business within primarily beet seeds – Danisco Seeds. Danisco Sugar's turnover for 2007/08 was DKK 6.800 mio. and their EBITDA approx 1.000 mio. The transaction was approved by the German competition authorities ultimo February 2009. |
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| ATRIUM Partners A/S has advised Nordzucker AG in connection with the sale of Danisco Sugar GmbH (Anklam) to Royal Cosun. The transaction were conditional upon closing of Nordzucker´s acquisition of Danisco Sugar A/S in order to fulfill the German Federal Cartel Office requirements to an approval of Nordzucker´s acquisition of Danisco Sugar. The German Federal Cartel Office announced end of 2008 that an approval of Nordzucker´s acquisition of Danisco Sugar was conditional upon a sale of Danisco Sugar´s activities in Germany (the sugar factory in Anklam). Upon the divestment of Anklam the German Federal Cartel Office announced ultimo February that Nordzucker´s acquisition of Danisco has been approved. Danisco Sugar GmbH owns two factories producing sugar and bio ethanol situated in the city of Anklam in the German state Mecklenburg-Vorpommern. The sugar quote in Anklam is 115.000 ton compared to a total quota of 966.000 ton for Danisco Sugar. Royal Cosun produces and sells natural ingredients and foodstuffs for the international food industry (incl. sugar, industrial alcohol, potato products and compound ingredients) and is the largest and sole producer of sugar in the Netherlands. |
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| ATRIUM Partners has advised Skamol A/S in connection with the sale of the business area “fire- protection products”. The fire-protection products are used in the Navy- and offshore industry and the production of these has been produced as collaboration between Skamol and NCM Core A/S. The products include fire doors, marine panels and fire walls. The characteristics for the products are the optimum proportion between the weight, strength, insulation, and fire protection compare to competing products. The divestment of the business area is part of Skamols strategy towards focusing on high-temperature insulation for the aluminium-, steel-, and cement industry as well as insulation wood-burning and gas-fired stoves and fireplaces. The new business will be named LiteCore A/S. |
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| ATRIUM Partners has acted as financial advisor to the board and management in EBH Bank in connection with the hand over to the Governmental Guarantee Institution for Financial Stability. The advisory has included the preparation of an offer to and negotiation with creditor banks as well as the Danish Central Bank in an effort to ensure the continued operation of the bank. Secondary the preparation of miscellaneous presentations and discussion papers used in connection with the hand over to the Governmental Guarantee Institution for Financial Stability including the saleability of activities within EBH Bank. As per 30.06.2008 EBH Bank had a compiled balance of DKKm 10.309 and had branches in the Northern Jutland (Han Herred), Aarhus and Copenhagen. In addition to this the bank had subsidiary activities within claim business (EBH Finansservice), the administration of shares and investments, property administration and arrangement of property projects etc. |
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| ATRIUM Partners acted as financial advisor to Nordzucker AG in connection with the acquisition of Danisco Sugar A/S. Nordzucker has through the acquisition of Danisco Sugar A/S positioned themselves as the second largest sugar producer in Europe and the largest in Northern Europe. The acquisition of Danisco Sugar supports Nordzuker's strategy to actively contribute to the consolidation of the sugar industry within the EU. Nordzucker produces sugar in Germany, Poland, Slovakia, and Serbia and in addition bio ethanol. Nordsucker’s turnover for 2007/08 was EUR 1.377 mio. and their EBITDA was approx DKK 1.900 mio. Danisco Sugar is the 6th largest sugar producer in Europe and produces sugar in Denmark, Sweden, Finland, Lithuania, and Germany. In addition to sugar production Danisco has an independent high marginal business within primarily beet seeds – Danisco Seeds. Danisco Sugar's turnover for 2007/08 was DKK 6.800 mio. and their EBITDA approx 1.000 mio. The transaction is subjected to approval by Danisco A/S’ AGM and the competition authorities. |
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| ATRIUM Partners acted as financial advisor to Nordlux Holding A/S in connection with the sale of Nordlux A/S to Dansk Generationsskifte A/S, a Danish private equity company. Nordlux, which is based in Ålborg, was founded in 1977 and is one of the leading Nordic suppliers of in – and exterior lighting for private homes. The company’s products, which belongs in the low price segment, are distributed through a range of Danish and foreign DIY retailers and lighting stores. Nordlux focuses on design, development, sales and marketing and both the production and distribution has been outsourced. The divestment of Nordlux has been carried out as part of CEO Jørgen Havemann’s wish for succession planning, and as a part of the development and strengthening of Nordlux’s position. In connection with the divestment the former owners, and Jørgen Havemann, acquires a 25 % ownership in the company along side a continued representation in the board of directors. |
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| ATRIUM Partners has advised RTX Telecom A/S in connection with the sale of 100 % of the shares in RTX Healthcare A/S to Tunstall Group Ltd. RTX Healthcare, which is an Aalborg based company were founded in 1991. The company markets, sells and produces wireless products used in monitoring patients with chronic disorders. The company employs 11 employees in Nørresundby and two in San Jose in California, USA. Through the divestment of RTX Healthcare RTX Telecom focuses its business on three business areas - RTX Technology, RTX Network Systems and RTX Consumer Products, which all develops and produces wireless solutions for the global telecommunications industry. The sale is part of the RTX Telecom Groups focus strategy. Tunstall is an English company which supplies telehealth solutions to approx. 2,5 million people in 30 countries. The company employs more than a 1000 employees and is owned by the private equity fund Charterhouse (UK). |
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| ATRIUM Partners A/S has advised Green Wind Energy A/S in a public listing on OMX Copenhagen Stock Exchange though a reverse takeover of the listed Holdingselskabet af 25. November 1972 (former Bodilsen Holding), which is a company without any actual activities. The sellers of Green Wind Energy A/S will receive new shares in Holdingselskabet af 25. November 1972 and a directed share issue will be made to a small circle of investors at the same time. Green Wind Energy is an energy and investment company with own parks of wind turbines, sale of investment projects based on wind turbines and administration of wind turbine projects. ATRIUM Partners managed the directed share issue and the prospectus for listing of the company. |
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| ATRIUM Partners acted as financial adviser to the shareholders of DAN-Palletiser A/S in connection with the sale of DAN-Palletiser to Consolidated Holdings. DAN-Palletiser produces palletisers and internal transport systems and is the technology leaders within the industry. The company employs 100 employees and holds a leading market position in Europe. DAN-Palletiser has a solid customer base consisting of a number of well-established international customers primarily within the food industry and the graphic industry. Consolidated Holdings will support DAN-Palletisers continued growth, in particularly in regards to the realisation of further potential within the international markets. |
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| ATRIUM Partners acted as financial advisor to Dansk Generationsskifte in connection with the divestment of the shares in Lampas/Veksø A/S to NRGi that is the third largest energy company in Denmark. Lampas/Veksø is one of the leading Nordic suppliers of exterior lighting and urban space inventory. Lampas/Veksø employs more than 140 employees in Fredericia, has sturdy revenue and a growth strategy that includes both the domestic market as well as the export markets. The acquisition of Lampas/Veksø strengthens NRGi’s competences within the energy-efficient street lighting and high quality urban-space inventory market. NRGi will contribute with significant competences to Lampas/Veksø, which will contribute to an acceleration of Lampas/Veksø’s growth strategy. Lampas/Veksø will furthermore benefit from cooperation with NRGi-group’s existing companies EL:CON, TTS, and LED Traffic in exploring the many opportunities of using e.g. solar technology in their urban space inventory. |
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| ATRIUM Partners has acted as financial advisor to Færch Holding in connection with the sale of the company’s 15% ownership in Skandinavisk Holding A/S. Skandinavisk Holding and British American Tobacco (BAT), who have a joint ownership of Skandinavisk Tobakskompagni, have agreed that BAT acquires Skandinavisk Tobakskompagni’s cigarette business, while Skandinavisk Holding acquires BAT’s shares in Skandinavisk Tobakskompagni. Skandinavisk Holding continues its ownership and activities within ST Cigargroup, Fritz Hansen, Dagrofa, Tivoli and other activities. The total value of Skandinavisk Tobakskompagni has by the parties been agreed at approximately DKK 27,5 billion (EUR 3,7 billion). In the future, Færch Holding intends to focus 100 % on the company’s own activities, including Færch Plast. ATRIUM Partners has for a longer period of time acted as strategic, business and financial advisor to the Færch group, including the ownership of Skandinavisk Holding and Skandinavisk Tobakskompagni. In 2006 the Færch group had a turnover of DKK 826 million (EUR 110 million) and had a net result of DKK 222 million (EUR 30 million). Færch Holding is the mother company of Færch Plast. Skandinavisk Tobakskompagni had a turnover of 42 billion DKK (EUR 5,6 billion) in 2006/07 and a net result of 2,3 billion DKK (EUR 0,3 billion). |
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| ATRIUM Partners acted as financial advisor to Ementor ASA in connection with the acquisition of 78,8 % of the shares in Sonex Group Holding UAB. Sonex is the leading supplier of IT infrastructure in Lithuania and Latvia and has more than 400 employees dispersed in 10 offices in Lithuania, Latvia, Estonia and Russia. Sonex has four main business areas consisting of IT infrastructure, security solutions, software development and business systems (ERP) with IT infrastructure as their primary business. In 2007 Sonex expects a turnover of EUR 65 million with an expected EBITDA of EUR 3.6 million. The acquisition of Sonex secures Ementor a leading position in the Baltic's and underlines Ementor’s position as one of Europe’s leading suppliers of IT infrastructure. At the same time the acquisition represents an important strategic part of Ementor’s growth plans for 2010, as the Baltic’s is an area characterized by rapid growth and low costs and is close to Ementor’s Nordic markets. |
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| ATRIUM Partners acted as financial advisor the shareholders of Monarch A/S, Dansk Erhvervsudvikling A/S, and for Monarch A/S’ management in connection with the sale of Monarch A/S to Select Service Partner (SSP). Monarch A/S runs 14 high-way restaurants in Denmark named Monarch and one restaurant under the name of Milestone. Furthermore, Monarch A/S runs restaurant- and catering facilities as well as shops in the airports of Århus and Aalborg. Finally, the company administrates the Hotel Antvorskov situated at Slagelse. In 2006 Monarch A/S had a yearly turnover of approximately DKK 155 million. SSP intend to develop Monarch A/S further in close cooperation with the current management and staff. It is SSP’s intention to focus on the development of food assortment as well as the standards of service in Monarch A/S. With the acquisition of Monarch A/S, SSP emphasizes its position as market leader within the Danish restaurant business. |
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| ATRIUM Partners acted as financial advisor for Auriga Industries A/S (listed on OMX – the Nordic Stock Exchange) in connection with the divestment of its subsidiary Skamol A/S to Polaris Private Equity. Skamol is a global operation company in a niche segment. The company develops, manufactures, and markets high temperature thermal insulating materials for heat processing industries i.e. the aluminium industry. The materials are also markets for the business of domestic heating appliances. In addition Skamol offers products for fire protection purposes. Skamol is located in Nykøbing Mors – in the North Western part of Denmark – with manufacturing facilities in Denmark, France and Canada and quarries of raw material on the isles of Fur and Mors in North Western part of Denmark. The company has a yearly turnover of approx. DKK 260 million. It is Polaris Private Equity’s intention to continue the organic growth strategy, which Skamol with success implemented in 2004, and to accelerate the growth through acquisitions. |
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ATRIUM Partners has acted as financial advisor to Topnordic A/S in connection with the acquisition of pcs-gruppen A/S. |
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| ATRIUM Partners acted as financial advisor to OMX in connection with OMX’s acquisition of the Swedish company Findata. Findata has developed the currently most comprehensive database with financial data for Nordic listed companies, including company descriptions, accounting data and corporate actions information. Findata also produce customized stock indices for banks, asset managers etc. The acquisition of Findata strengthens OMX’s position in the Information Services market. Findata already has a strong positioning in Sweden today. OMX intends to market Findata’s products and services also in other Nordic countries as a supplement to OMX’s own offerings. |
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| ATRIUM Partners acted as financial advisor in the sale of DMsave to Topnordic. DMsave was owned 50/50 by IBM and ITS Finans. DMsave is a strong and well-managed growth company that markets and sells selective outsourcing services within remote backup, archiving and WAN etc. on the B2B market. In 2005, DMsave was awarded with a Sovereign Award by Computerworld Denmark as the # 1 IT services company within the category “Drift & udvikling” (Operation and Development). DMsave’s customer base includes several of Denmark’s largest public institutions and private companies. The acquisition of DMsave supports and expands Topnordic’s current service and outsourcing business in Denmark. This business currently employs more than 300 specialized consultants and generates more than DKK 300 million of revenue annually. |
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| ATRIUM Partners acted as financial advisor to Danionics at a capital increase of 50% through a rights issue at Copenhagen Stock Exchange with gross proceeds of DKK 64.9 million. The rights issue enabled Danionics to reacquire an ownership interest of 50% in the Chinese based battery manufacturer Danionics Asia, to contribute with additional capital to the joint venture. The rights issue was fully subscribed, i.e. the shareholders subscribed 99.6% of the offered shares and a small number of the offered shares(0.4%) not taken up at first were subscribed by the underwriters ATRIUM and the Board and Executive Management of Danionics. ATRIUM Partners has, as Lead Manager on the rights issue, prepared and executed the issue, including communication, coordination and the drafting of the prospectus and other information materials. |
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| ATRIUM Partners has been financial advisor to Daniel Holding, owned by Kim Krull Jørgensen and TOPO Holding, owned by Poul Jepsen, in connection with their sale of the majority holding in Zone Company Denmark to the private equity company Procuritas. Poul Jepsen continues as CEO and shareholder of Zone Company Denmark. Zone Company Denmark – with headoffice in Viborg – with 47 employees, is one of Scandinavia’s leading distributors of interior products for hardware-, furniture- and trend-stores. They own the known brands Zone Denmark and Galzone. The company is an international trade and design company which export to 35 countries and has 15 well-established franchise stores, primarily concentrated in the Middle East, Asia and Southern Europe. Procuritas’s acquisition of the majority holding opens up new international possibilities, and Zone Company Denmark intends to take advantage of their already strong platform for further profitable growth, with among others, the creation of a strong international brand and franchise chain in and outside of Europe. The transaction is completed as a sale of 100% of their shares to Procuritas by the two owners TOPO Holding (50%) and Daniel Holding (50%), at which point TOPO Holding owned by CEO Poul Jepsen will recover a significant shareholding, leaving Procuritas with a decisive majority holding part in Zone Company Denmark. |
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| ATRIUM Partners acted as financial advisor for Victoria Properties at a capital increase, including the listing of Victoria Properties at Copenhagen Stock Exchange. The capital increase has been structured as a directed issue to Familien Clausen (Danfoss), J.C. Hempel’s Fond, Wefri Real Estate ApS and Anette og Carsten Følsgaard. The purpose of the capital increase is to strengthen the capital base and provide funds for investment opportunities of Victoria Properties. The gross proceeds of the rights issue were approximately DKK 200 million. The company expects to finance future property investments through debt financing in the range of 60 – 80 percent of the acquisition price, which enables the company to acquire properties at approximately DKK 1 billion after completion of the rights issue. Victoria Properties focus on investments in existing, well-situated German residential and retail properties with an initial focus on Berlin and Hamburg. |
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| ATRIUM Partners has been financial and strategic advisor to the Nordic largest IT infrastructure and product reseller Ementor/Topnordic in connection with the acquisition of the competitor Atea Holding AB with a turnover of approx. SEK 7.9 billion and 1,300 employees. Ementor/Topnordic’s acquisition of Atea creates the Nordic and Europe’s largest and leading system integrator and product distributor with a turnover of NOK 13 billion. The company will in the future be market leader in all four Nordic countries, Sweden, Denmark, Norway and Finland. Furthermore the acquisition creates a strong strategic platform for further growth in the Nordic countries and a company with strengths and competencies for gaining market share outside the Nordic markets. The transaction is carried out as an acquisition of 100 percent of the shares in Atea Holding AB and the sum of the transaction is paid cash to the sellers 3i (48.7%), WM Data (48.7%) and the management in Atea (2.6%). The financing of the acquisition is created by the establishment of a factoring facility based on the two companies’ combined account receivables and through a share issue in Ementor ASA, which is listed on the Oslo Stock Exchange. |
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| ATRIUM Partners has been financial advisor to the private equity fund Nordic Capital in connection with the acquisition of Dangaard Telecom Holding A/S. The acquisition is structured as a management buy out in cooperation with the current management. Dangaard Telecom Holding is Europe’s largest and the world’s second largest distributor of mobile phones and achieved a turnover of EUR 1.6 billion (Approx. DKK 12 billion) in 2005. Dangaard Telecom is represented in 14 countries in Europe and the Middle East. Nordic Capital and management will continue the geographical expansion, e.g. in Emerging markets. Product wise the company will also focus on Smart Phones due to the increasing convergence of mobile phones and other digital media (computers, cameras, mp3 players etc.). |
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| ATRIUM Partners has been financial advisor to Thylander Gruppen including Vipro Holding A/S in connection with the acquisition of the majority shareholding in Torsana A/S from Juel Nielsen Holding A/S and following a directed issue of DKK 200 million to four recognised and respected key investors, Family Clausen (Danfoss), J.C. Hempel’s Fond, Anette og Carsten Følsgaard and Wefri A/S (Bendt Wedel). The acquisition of the majority shareholding in Torsana and the following directed issue provide a platform for a listed company with focus on investment in excisting well located store and housing properties in Germany, initially with focus on Berlin and Hamburg. Thus the company will constitute a special investment possibility with exposure towards the property market in Germany – especially at long-term pension savings. The German property market is evaluated by CB Richard Ellis, who is on of the world’s leading commercial estate agents, to one of the most attractive markets within investment in store and housing properties at the moment. |
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| ATRIUM Partners has acted as financial and strategic advisor for the owner, Biludan Gruppen a/s in the sale of AVIS Biludlejning and Budget Biludlejning to the South African industry conglomerate Barloworld Ltd in October 2005. Barloworld, a listed company from Johannesburg, also owns the AVIS and Budget licenses in Sweden, Norway and South Africa respectively. |
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| ATRIUM Partners has acted as financial advisor to Ardegi and two Icelandic co-investors in connection with the consortium’s acquisition of Merlin from FDB on 16 September 2005. With its 48 stores, Merlin is one of the largest consumer electronics retailers in Denmark. Although Merlin’s revenue is currently around DKK 800 million, the retailer has been challenged severely on its earnings during the last couple of years. FDB has consequently been looking for an acquirer who has retail experience within Merlin’s segment and who wishes to develop the stores and exploit the retailer’s opportunities in a highly competitive market. Ardegi is an Icelandic investment company owned and managed by Sverrir Berg Steinarsson. Ardeqi has significant interests within retail in general and consumer electronics in particular. Sverrir Berg Steinarsson has recently been deeply involved in the successful turnaround of BT, the largest consumer electronics retailer of Iceland. |
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| ATRIUM Partners has been financial advisor to Altor Fund in connection with the acquisition of the majority stake in Aalborg industries. After 5 years' ownership Axcel and FIH divest their majority holding (68%) in Aalborg Industries to the Nordic investment fund Altor 2003 Fund ("Altor"), whereas LD (Employees' Capital PensionFund) continues as co-owner. Altor sees good opportunities for a co-operation with LD and the Management to develop Aalborg Industries further and strengthen the company's position and profitability through more initiatives within product developement, production and a special focus on after sales. Aalborg Industries is the world's leading supplier of marine boilers for all types of commercial vessels. Aalborg Industries is an international company with subsidiaries in Denmark, Sweden, Finland, Holland, Dubai, Singapore, Japan, China, Indonesia, Korea, Brazil, Vietnam and the USA. Aalborg Industries has a turnover of approx. DKK 1.4 billion (EUR 190 million) and employs approx 1,650 employees. |
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| ATRIUM Partners has acted as a financial advisor to Columbus IT Partner at the rights issue of DKK 80,6 million in April 2005. The shareholders had the right to subscribe for two new shares for every three existing shares for DKK 3 per share. The rights issue was fully subscribed as only 0.6 percent of the offered shares were subscribed through the underwriting from Consolidated Holdings. Simultaneously the free float was increased from 28 % to 35 % as the previous two largest shareholders (Nordea og Michael Gaardboe) decreased their ownership stakes. ATRIUM Partners has, as Lead Manager on the rights issue, prepared and executed the issue, including communication, coordination and the drafting of the prospectus. |
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| ATRIUM Partners has been financial and strategic advisor for TOPNORDIC, the third largest IT infrastructure and product reseller, in connection with the merger with Ementor listed on Oslo Stock Exchange announced in February 2006. The merger between TOPNORDIC and Ementor creates the Nordic largest IT infrastructure and product reseller with more than NOK 6.5 billion in revenue. The merged Group represents a strong platform for further growth and consolidation of the Nordic IT infrastructure and product market. The merger is agreed on a 50/50 basis and TOPNORDIC’s major shareholder Consolidated Holding is holding a majority stake after the merger. The transaction creating the merged Company is made as a directed issue, where Ementor issue new shares to TOPNORDIC shareholders. The merged Company will remain listed to Oslo Stock Exchange. |
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| ATRIUM Partners acted as sole financial advisor to the board of directors of Columbus IT Partner in connection with the sale of a 40% share capital and the majority of votes (via separate agreement) to Consolidated Holdings. At the same time, Consolidated Holdings issued a DKK 34m subordinated loan to the Columbus IT Partner and guaranteed a DKK 76m rights issue with pre-emptive rights to existing shareholders scheduled for first half of 2005. ATRIUM Partners' task was to find one or more investors willing to acquire or contribute capital to Columbus IT Partner. ATRIUM Partners tested the interest among Danish and international industrial and financial investors. Based on ATRIUM Partners´ investigations and negotiations, the majority shareholders of Columbus IT Partner decided on Consolidated Holdings as the best investor for Columbus IT Partner. |
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| ATRIUM Partners has acted as financial adviser to the sole proprietor of Bonus Energy in connection with the divestment to Siemens. The basis of the divestment was that the sole proprietor Peter Stubkjær Sørensen and the company’s management wanted to future proof Bonus Energy. Bonus Energy is amongst the global market leading wind turbine manufactures and is a very profitable company. The magnitude of new projects, as well as the increase in competition within the industry made it imperative for Bonus Energy to find a partner which could strengthen the capital base and simultaneously increase the global sales effort. Siemens was beforehand identified to be amongst the top potential buyers which facilitated a quick and structured sales process which rendered a satisfactory price, and terms and condition of sale. The headquarter of Siemens global wind activities, Siemens Windpower, will from now on be situated at Bonus Energy’s office in Brande, Denmark. |
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| ATRIUM Partners acted as the sole financial advisor to Danionics in the formation of the 50/50 joint venture with GP Batteries. ATRIUM Partners role included testing Danionics’ options with regard to moving the production facilities to China either independently or together with one or several partners. At the same time a sale of the company was investigated. Due to Danionics challenging financial situation, a sustainable solution was highly prioritised by the shareholders, and several solutions were examined within a short period of time. |