M&A Deal Summary

Hanover Investors Acquires ZetaDisplay

On June 28, 2021, distressed investor Hanover Investors acquired marketing company ZetaDisplay for 710M SEK

Acquisition Highlights
  • This is Hanover Investors’ 1st transaction in the Marketing sector.
  • This is Hanover Investors’ 0th largest (disclosed) transaction.
  • This is Hanover Investors’ 1st transaction in Sweden.

M&A Deal Summary
Date 2021-06-28
Target ZetaDisplay
Sector Marketing
Buyer(s) Hanover Investors
Deal Type Going Private
Deal Value 710M SEK
Advisor(s) Ernst & Young - Law (Legal)

Target

ZetaDisplay

Malm, Sweden
ZetaDisplay is a provider of digital signage to major chains in the retailing and service sectors. ZetaDisplay was formed in 2003 and is based in Malm, Sweden.

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Buyer(S) 1

Buyer

Hanover Investors

London, United Kingdom

Investor

Category Distressed Investor
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Hanover Investors is a private investment firm that targets distressed and other turnaround situations. Hanover typically invests where underperformance can be attributed to company-specific operating issues, rather than to market or sector weakness. Often these situations are created by some combination of inadequate capital, unsuccessful acquisitions, misallocation of resources, loss of shareholder confidence or ineffective restructuring. Hanover will invest in public market securities, as well as invest in leveraged buyouts and recapitalizations of private companies. The Group's target investment size is £1 to £25 million per transaction. Hanover was formed in 2002 and is based in London.

DEAL STATS #
Overall 9 of 11
Sector (Marketing) 1 of 1
Type (Going Private) 4 of 4
Country (Sweden) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 eCOGRA

London, United Kingdom

eCOGRA is an independent and internationally approved testing agency, specialising in the testing, inspection and certification of online gaming software and systems. eCOGRA was founded in 2003 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-01 Lumi Gruppen

Oslo, Norway

Lumi Gruppen is a higher education providers, offering university courses and exam preparation tutoring across both online and campus environments. Lumi Gruppen was founded in 1989 and is based in Oslo, Norway.

Buy -
Mergr

Product

Company

Legal