M&A Deal Summary

Nordstjernan and Ferd Capital Acquire Aidian

On February 22, 2022, family office Nordstjernan and private equity firm Ferd Capital acquired medical products company Aidian from Axcel

Acquisition Highlights
  • This is Nordstjernan’s 3rd and Ferd Capital’s 1st transaction in the Medical Products sector.
  • This is Nordstjernan’s 3rd and Ferd Capital’s 1st transaction in Finland.

M&A Deal Summary

Date 2022-02-22
Target Aidian
Sector Medical Products
Buyer(s) Nordstjernan
Ferd Capital
Sellers(s) Axcel
Deal Type Secondary Buyout

Target

Aidian

Espoo, Finland
Aidian develops, manufactures, and sells instruments and tests that are used in such fields as primary care to provide quick and accurate test results. The company's offering of tests addresses several global health problems such as antimicrobial resistance (AMR), diabetes, and colorectal cancer. It has tests that are intended to reduce unnecessary prescriptions of antibiotics, which is a driver behind the growing threat from AMR and antibiotic-resistant bacteria. Aidian was founded in 1974 and is based in Espoo, Finland.

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Buyer(S) 2

Buyer

Nordstjernan

Investor Investor Investor Investor Investor


Category Family Office
Founded 1890
PE ASSETS 23.0B SEK
Size Large
Type Sector Agnostic
DESCRIPTION

Nordstjernan is a family-backed private investment firm focused on long-term investments and acquisitions of companies throughout Sweden. The Firm looks to commit SEK 500 million to SEK 3 billion in situations where ownership is looking for a new partner to help with organic growth, acquisitions, or other strategic changes. Areas of investment interest include industrial, trade, healthcare, construction, real estate, and technology. Nordstjernan was established in 1890 and is based in Stockholm.


DEAL STATS #
Overall 26 of 27
Sector: Medical Products M&A 3 of 3
Type: Secondary Buyout M&A Deals 2 of 2
Country: Finland M&A 3 of 3
Year: 2022 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 Ascilion

Kista, Sweden

Ascilion is a medical technology company. The company has developed and patented a technology that, with the help of hollow microneedles, can extract the interstitial fluid (ISF) that is found between the body's cells and that is a good carrier of biomarkers. Ascilion was founded in 2012 and is based in Kista, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-29 Zimpler

Stockholm, Sweden

Zimpler develops, sells, and markets payment solutions and other solutions that simplify digital transactions. Zimpler was founded in 2012 and is based in Stockholm, Sweden.

Buy -
Buyer
DESCRIPTION

Ferd Capital is the direct investment arm of Norwegian holding company and asset manager Ferd AS. Ferd Capital looks to make 500 million NOK to 3 billion NOK equity and debt investments in private and public companies. The Firm does not have any sector preferences and generally pursues opportunities throughout Scandianavia. Ferd looks to take an active ownership role to help with portfolio company growth and development. Ferd Capital is based in Oslo, Norway.


DEAL STATS #
Overall 11 of 13
Sector: Medical Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: Finland M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 TRY

Oslo, Norway

TRY is an advertising agency, that includes additional business areas, such as media agency services, content production, film production, PR, consultancy, design and digital service development through its companies. TRY was founded in 1998 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-13 Mintra Holding

Bergen, Norway

Mintra Holding is an entity which provides workforce management systems worldwide. It delivers services covering human resources (HR), competence management, and training to customers in various business environments. The company offers OCS HR, a suite of software covering HR, crewing, and payroll needs of shipping and offshore companies. Mintra Holding was founded in 1997 and is based in Bergen, Norway.

Buy -

Seller(S) 1

SELLER

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 4.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Axcel Management AS is a private equity firm focused on mid-market buyouts in Denmark and Sweden. Axcel primarily seeks companies with a strong Danish or Swedish base and international potential. The Firm looks to invest in companies with revenues of DKK 250 million (€ 35 million) to DKK 4 billion (€ 535 million). Axcel prefers majority positions. Axcel Management A/S was formed in 1994. The Firm is based in Copenhagen with an additional office in Stockholm.


DEAL STATS #
Overall 41 of 49
Sector: Medical Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 13 of 15
Country: Finland M&A 1 of 2
Year: 2022 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-12 Danx

Ishøj, Denmark

DANX is a specialized partner in spare parts logistics in the Nordic Region. Danx puts its extensive in-night network at disposal each night with dedication and precision to ensure spare parts arrive at the right place at the right time. Danx was founded in 1992 and is based in Ishoj, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 AddPro

Malmö, Sweden

AddPro conducts operations in the IT area Secure & Efficient IT. With a combination of top-ranked consultants, strategic suppliers, selected cloud services, in-house data centers, and 24/7 staffed support, AddPro can provide customers with the best combination of solutions that meet high business requirements. AddPro was founded in 2000 and is based in Malmo, Sweden.

Sell -