Category: <span>M&A</span>

Matas Group

In this pitch deck, analysts Axel Grahn and Gent Kita Elezi deliver a thorough analysis of Matas Group, the Nordic leader in health and beauty, emphasising its brand assortment
expansion, financial health and potential market growth. By utilising various valuation methods such as DCF and LBO models, the analysts derive a target valuation range of DKK
6,500 – 8,700m. The following section includes a selection of assumptions underpinning this
valuation, and highlights some of the insights from which the investment considerations were made.

Bahnhof

In this presentation, analysts Wictor Bodelind and Gustaf Tamm present an in-depth financial
analysis of Bahnhof AB, Sweden’s fastest growing telecom operator, positioning it as a
compelling target for potential transactions. Leveraging multiple valuation methodologies, a
preliminary assessment indicates an enterprise value in the range of SEK 4,750 – 5,600m. A
robust investment opportunity expected to appeal to a wide range of strategic investors and
financial sponsors.

Fenix Outdoor

In this pitch deck, analysts Caroline Danielsson and Samuel Arctaedius deliver a
comprehensive analysis of Fenix Outdoor, a leading international group of outdoor brands
and proprietor of Sweden’s most sustainable brand for the fourth consecutive year,
emphasizing its business model, market position, and financial health. Utilizing various
valuation methods such as DCF and LBO models, the analysts derive a target valuation of
EUR 950 – 1400m. The following section includes a selection of assumptions underpinning
this valuation, and highlights some of the insights from which Fenix Outdoor proves to be a
strong acquisition candidate.

Balco Group (Pitch Deck)

In this pitch deck, analysts Oscar Fredell and Emilian Rehnström deliver a comprehensive analysis of Balco Group, the leader in the balcony industry in the Nordics, emphasizing its business model, market position, and financial health. Utilizing various valuation methods such as DCF and LBO models, the analysts derive a target valuation of SEK 1200 – 1600m. The following section includes a selection of assumptions underpinning this valuation, and highlights some of the insights from which the investment considerations were made.

Infrea (Pitch Deck)

In this company overview, analyst Lukas Forsman present a complete overview of the Swedish infrastructure services company Infrea. With its extensive service offering and expert execution, Infrea has established itself as the reliable and obvious contractor within the infrastructure construction sector.

Marimekko (Pitch Deck)

In this pitch deck, analysts Cassandra Åstenius and Lukas Andersson present a thorough evaluation of Marimekko, grounded in its stronghold within the global design and textile sector. Deploying a holistic blend of valuation techniques — including DCF analysis, peer benchmarking, precedent transactions, and a structured LBO framework — the analysts derive a target valuation for Marimekko between EUR 417-565 million.

Nordic Paper (Pitch Deck)

In this company overview, financial analysts Benjamin Holmén and Felix Johansson present their view of Nordic Paper. Nordic Paper is a Swedish stock-listed paper company and has a rich legacy of producing high-quality paper products with a strong commitment to sustainability.