A list with interesting M&A deals made in the Nordics in the fall of 2020.
2020 is almost over and we continue our deep dive analysis with a reality check about what's happened since the summer holidays - in addition to the report about the largest 20 investment deals of the 2020 fall and to the one profiling the most interesting Nordic investment deals.
We produced a report profiling some of the most interesting M&A deals that took place in the Nordics in the past 16 weeks or so (August-November 2020).
The market is not as efervescent as we would have expected, somewhat understandable as Europe is in deep recession and in the middle of the second pandemic wave.
Nonetheless, there's been a few strategic deals for the Nordics, as well as good exits, all of them you can read about in our report profiling 25 deals made this fall (also interesting to review a similar M&A summer report)
Nets was acquired by Nexi in a €7.8 billion deal.
The transaction's rationale is creating Europe’s biggest payments firm by volume in a quickly consolidating industry - Nexi is an Italian bank and one of Europe's most important payment processors. The joint company will be Europe’s biggest payment business by volume, number of customers and EBITDA. Netherlands-based Adyen is the continent’s biggest payments company by market value.
Spacemaker was acquired by Autodesk for $240 million.
You don't get to hear about too many Nordic tech founders taking something from 0 to $240 million in 4 years. This a good exit for founders and the VCs, and a nice Nordic startup success story.
This is yet another validation of Sweden's good research school, particularly Karolinska, unfortunately not really the type of business covered by the local media. Cartana raised very little money, mainly from Almi and crowdfunding.
Same validation goes for Prismatic - good deep tech business you will not learn about from the media.
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