M&A Deal Summary

Mubadala Capital Acquires RelyOn Nutec

On May 24, 2024, sovereign wealth fund Mubadala Capital acquired safety/security company RelyOn Nutec from Polaris Private Equity

Acquisition Highlights
  • This is Mubadala Capital’s 1st transaction in the Safety/Security sector.
  • This is Mubadala Capital’s 1st transaction in Denmark.

M&A Deal Summary

Date 2024-05-24
Target RelyOn Nutec
Sector Safety/Security
Buyer(s) Mubadala Capital
Sellers(s) Polaris Private Equity
Deal Type Secondary Buyout

Target

RelyOn Nutec

Copenhagen, Denmark
RelyOn Nutec is a provider of safety training for the offshore, wind, and maritime industries. The company currently operates 33 trainings centers located in 20 countries and is today by far the largest within its industry. RelyOn Nutec was founded in 1968 and is based in Copenhagen, Denmark.

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Buyer(S) 1

Buyer

Mubadala Capital

Investor


Category Sovereign Wealth Fund
Founded 2002
PE ASSETS 276.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Mubadala Capital is a private equity firm focused on investing capital across a range of assets worldwide. The Firm primarily invests in private and public assets, but also considers credit, real estate, and alternatives. Mubadala invests in a variety of sectors including industrials, healthcare, energy, renewables, financial services, infrastructure, and business services. Mubadala Capital was founded in 2008 and is headquartered in Abu Dhabi, United Arab Emirates.


DEAL STATS #
Overall 42 of 43
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 14 of 15
Country (Denmark) 1 of 1
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 TIH Insurance Holdings

Charlotte, North Carolina, United States

TIH Insurance Holdings is an insurance broker that operates more than 240 offices through its subsidiaries: McGriff Insurance Services, Inc.; CRC Insurance Services, Inc.; Crump Life Insurance Services, Inc.; AmRisc, LLC; and it's Premium Finance companies (AFCO Credit Corporation, Prime Rate Premium Finance Corporation, Inc., and CAFO Inc.). TIH Insurance Holdings is based in Charlotte, North Carolina.

Buy $15.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Bugaboo

Amsterdam, Netherlands

Bugaboo designs strollers and parenting solutions, helping families create endless moments of fun and discovery every step of the way. The company's products include strollers, car seats, travel cots, and accessories. Bugaboo was founded in 1999 and is based in Amsterdam, Netherlands.

Buy -

Seller(S) 1

SELLER

Polaris Private Equity

Copenhagen, Denmark

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Polaris Private Equity is a mid-market Danish private equity firm focused on buyouts within Denmark and Sweden. Polaris does not have any sector preferences, however the Firm looks for 'niche' businesses that exhibit growth potential and have the ability to lead their markets. Prospective companies typically have revenues of at least €20 million. Polaris was formed in 1998 and is based in Copenhagen.


DEAL STATS #
Overall 36 of 37
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 12 of 12
Country (Denmark) 24 of 25
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-16 InArea

Malmö, Sweden

InArea provides flooring, tiling, and leveling services to corporate, public, and private clients. InArea is based in Malmö, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-01 Awardit

Stockholm, Sweden

Awardit operates loyalty programs in Sweden. It offers incentive programs, digital point currencies, customer clubs, sales incentive programs, and reward shops, as well as B2B and B2C loyalty programs, and sales competitions. Awardit was founded in 1999 and is based in Stockholm, Sweden.

Buy kr1.1B