M&A Deal Summary

Novo Holdings A/S Acquires Sonion

On July 15, 2014, corporate investor Novo Holdings A/S acquired electrical equipment company Sonion from Altor Equity Partners

Acquisition Highlights
  • This is Novo Holdings A/S’s 1st transaction in the Electrical Equipment sector.
  • This is Novo Holdings A/S’s 2nd transaction in Denmark.

M&A Deal Summary

Date 2014-07-15
Target Sonion
Sector Electrical Equipment
Buyer(s) Novo Holdings A/S
Sellers(s) Altor Equity Partners
Deal Type Secondary Buyout

Target

Sonion

Roskilde, Denmark
Sonion is a development, manufacturing, and sale of advanced micro acoustical and micromechanical components and solutions. The company is a B2B provider for global manufacturers of hearing instruments, mobile handsets, headsets, earphones, and medical devices. Sonion was formed in 1974 and is based in Roskilde, Denmark.

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Buyer(S) 1

DESCRIPTION

Novo Holdings A/S is a Danish holding company and the investment arm of the Novo Nordisk Foundation. Novo Holdings' objective is to grow the assets of the Foundation and improve the lives of people around the world. In addition to investing in equity and fixed income securities, Novo Holdings pursues direct investments in life science companies. Novo Holdings A/S was established in 1999 and is headquartered in Hellerup, Denmark.


DEAL STATS #
Overall 2 of 16
Sector: Electrical Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 8
Country: Denmark M&A 2 of 3
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-21 Xellia Pharmaceuticals

Copenhagen, Denmark

Xellia Pharmaceuticals is a provider and developer of anti-infective drugs, active pharmaceutical ingredients (API), and final dosage presentation. Its clients include a range of national, multinational, and global pharmaceutical and generic companies. Xellia Pharmaceuticals was formed in 1994 and is based in Copenhagen, Denmark.

Buy $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-28 ConvaTec

Reading, United Kingdom

ConvaTec is a global medical products and technologies company that provides advanced wound care, ostomy care, continence, and critical care, and infusion devices. ConvaTec was formed in 1972 and is based in Reading, United Kingdom.

Buy -

Seller(S) 1

SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 15 of 55
Sector: Electrical Equipment M&A 1 of 2
Type: Secondary Buyout M&A Deals 3 of 14
Country: Denmark M&A 4 of 6
Year: 2014 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-27 Max Matthiessen

Stockholm, Sweden

Max Matthiessen is an advisor within pensions, insurance, and investment, offering advice, analysis, administration, and procurement of pension and insurance solutions to employers, entrepreneurs and individual customers. The Company also offers advice within savings, investment advisory, and asset management. Max Matthiessen was founded in 1889 and is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-18 Lindorff

Oslo, Norway

Lindorff is a full-service European credit management service provider. The company offers information services, payment services, invoicing services, debt collection, and debt purchase. Lindorff was founded in 1898 and is based in Oslo, Norway.

Sell €2.3B