Nordic Financial Advisory Partnership · Helsinki office Stockholm office Visiting address Eteläesplanadi 2 Strandvägen 7, 6th floor Mailing address P.O. Box 191 Strandvägen 7,

Nordic Financial Advisory Partnership

January 2016

Access Partners – latest M&A transactions

2

Sale of Produal to Investment AB Latour

Value undisclosedJune 2015

Sale of Iris to Anthon B. Nilsen


Value undisclosedJanuary 2015

Sale of S:t Eriks by Segulah and Peab Industri to Accent Equity

Value undisclosedOctober 2014

Sale of San Sac to Accent Equity

Value undisclosedSeptember 2014

Sale of Samport Payment Services to Nordic Capital

Value undisclosedFebruary 2015

Sale of Medius Dynamics to EG

€340 millionApril 2015

Acquisition of Metso Process Automation System business

Sale of Semantix to Segulah

Value undisclosedAugust 2015

Value undisclosedApril 2015

Acquisition of MCI Press

SEK 4.7 billionJuly 2015

Acquisition of NordicCinema Group

Sale of Transtech to Škoda

Transportation


Value undisclosedDecember 2014

Acquisition of ABB Full Service


Acquisition of Alma360


Acquisition of Accountor

€73 millionPending

Sale of Ahlstrom Glassfibre business to Owens Corning

Access Partners – latest Debt Access transactions

3

December 2014

Independent Capital Structure Review

Details undisclosedSeptember 2014

Financing arrangements

August-November 2014

Financial advisor

€42 millionSeptember 2014

Project financing

Details undisclosedJuly 2014

Refinancing

Refinancing


Refinancing

Details undisclosedJune 2014


April 2014


April 2014

Project financing framework agreement

€125 millionJanuary 2014

Senior debt

February 2015

Independent Capital StructureReview

September 2015

Junior Debt

Details undisclosedNovember 2015


December 2015

Refinancing

Details undisclosedDecember 2015

Access Partners – public market transactions

4

Public offer for Rautaruukki Oyj

€1.9 billionJuly 2014

Public offer for shares in Seco Tools AB

SEK 15.6 billionNovember 2012

Public offer for shares in AS Norma


De-listing

€84 millionMarch 2010

Sale of Tamfelt to Metso

€204 millionDecember 2009

Advisor to Hartwall Capital in the sale of shares in Scottish &

Newcastle

€1.2 billionApril 2008

Affecto’s public tender offer for Component Software

€46 millionAugust 2007

Public tender offer for FIM Group by Glitnir banki

€341 millionMay 2007

Access Partners – sell side transactions

5

Sale of Hermods to AcadeMedica


Sale of Hankasalmi sawmill to Versowood


Sale of 50% of Sokołów

€ 418 millionJune 2014

Sale of Nordiska VA-teknik AB to SEB Private Equity and LK Finans


Sale of Samport Payment Services to Nordic Capital


Sale of MP-Maustepalvelu to Barentz Group


Sale of San Sac to Accent Equity


Sale of S:t Eriks by Segulah and Peab Industri to Accent Equity


Sale of Medius Dynamics to EG


Sale of Iris to Anthon B. Nilsen


Sale of Ramudden to IK Investment Partners


Sale of Produal to Investment AB Latour


Sale of Semantix to Segulah


Sale of Transtech to Škoda

Transportation


€73 millionPending

Sale of Ahlstrom Glassfibre business to Owens Corning

Access Partners – sell side transactions (cont’d)

6

€31 million March 2012

Sale of 66% of Aktia P&C toFolksam and Veritas Pension

未公表値November 2011

Sale of Copiator Group to Sharp

SEK 100 MillionOctober 2011

Sale of EuroMaint Industry toCoor Service Management

Value undisclosedJuly 2011

Sale of Forte Netservices to DNA


Sale of OpusCapita Group to Itella Oyj

Sale of Visual Conference Groupto Interoute Communications



Sale of Konftel to AvayaSale of Euromarket stores to

Kesko


Sale of Steen and Strom in to Airport Retail



Sale of Skandinavisk Kommunalteknik AB to Litorina

Skandinavisk

Kommunalteknik AB

Sale of VSD Logistics to Skanlog

Value undisclosedMay 2012

Sale of Lemminkäinen concrete business to Rudus / CRH


Sale of Suomen Lähikauppa to Triton Fund III


Sale of 51% of FIM to S-Pankki


Sale of 51% of Pisa Mill

USD 41 mAugust 2013

Access Partners – sell side transactions (cont’d)

7

Sale of Departments & Stores Europe AB to Åhléns

SEK 440 millionWithdrawn

Sale of Polartest to DEKRA


Sale of Contempus to Basware

NOK 84 millionSeptember 2008

Sale of Textilia to Litorina

SEK 300+ MillionAugust 2008

Sale of Autotank to Gilbarco Veeder-Root

€28 millionAugust 2008

Sale of Elfa to Daetwyler Group

SEK 1.2 billionApril 2008

Sale of Eltel to 3i

€ 615 millionJune 2007

Sale of Forchem to MB Funds



Sale of Bewator Oy to Panostaja

Sale of Argentinean rigid plastics operation to Beamis


Sale of Reima to Pohjola


Sale of PaloDEx to Danaher

Value undisclosedNovember 2009

Sale of Euromarket stores to S-Group


Access Partners – buy side transactions

8


Acquisition of Metso Process Automation System business


Acquisition of ABB Full Service

€60 millionJune 2014

Acquisition Lemminkäinen Technical Building Services


Acquisition of Aker Solutions’ Mooring and Loading Systems

business


Acquisition of Stokke

Acqusition of Terveystalo


Acquisition of Pinova


Acquisition of Suomalainen Kirjakauppa and certain other

assets

€27.5 millionAugust 2011

Acquisition of parts of engineering and consulting business

from Vattenfall

Value undsiclosedApril 2011

Acquisition of E.ON ES

Value undisclosedMarch 2011


Acquisition of Synsam

Value undisclosedApril 2015

Acquisition of MCI Press

SEK 4.7 billionJuly 2015

Acquisition of NordicCinema Group


Acquisition of Alma360


Acquisition of Accountor

Access Partners – buy side transactions (cont’d)

9


Acquisition of Solhaga-gruppenFrom Valedo

€82 millionFebruary 2010

Acquisition of wine and spirit portfolio from Pernod Ricard


Acquisition of Sanma


Acquisition of Lantmännen Färskbröd

MBO of Glitnir Oyj


Acquisition of Telko Group


Acquisition of Solutions Belgium


Acquisition of Candyking International

Value undsiclosedDecember 2007

Acquisition of Prevesta from Industri Kapital

€204 millionMay 2007

Acquisition Veritas Life Insurance

€70 millionDecember 2006


Acquisition of Legevisitten Bemanning


Acquisition of InLifeAcquisition of Estethique from Validus Group


Access Partners – mergers, financings and advisory

10

Senior debt

February 2015

Details undisclosedSeptember 2014

Financing arrangements

December 2014



Project financing


Refinancing Refinancing


Refinancing

Details undisclosedJune 2014


April 2014


April 2014


Merger of Styrochem and Bewi Acquisition of

DS Smith EPS businesses


First North IPO


September 2015

Access Partners – mergers, financings and advisory (cont’d)

11


Refinancing

Details undisclosedMay 2013

Convertible loan

SEK 500,000,000 Senior Unsecured

STIBOR 3m + 7,50% 2012/2017


Merger with Kährs Directed issue


Merger of CPS Color’s colorant business with Chromaflo


Joint venture company with United Shipbuilding Corp.


Sale of assets of Kuitu Finland bankrupt’s estate


Merger with Goodtech


Sale of shares to CapMan


Investment in Porous Power Technologies


Project financing framework agreement


Access Partners – mergers, financings and advisory (cont’d)

12

Mezzanine financing


Rights Issue

€16 millionFebruary 2007

Sale of shares by OKO Venture Capital to private investors


Fairness Opinion on the acquisition of Axiom Systems


Merger between AcadeMedia and Bure’s subsidiary Anew Learning

SEK 800+ millionOctober 2008

Restructuring


Merger with Veritas P&C


MBO


Fairness Opinion on the acquisition of Arena Personal

SEK 131 millionJanuary 2009

Rights Issue

SEK 500 millionJune 2009

Directed Issue

SEK 215 millionSeptember 2009

Rights Issue

SEK 100 millionSeptember 2009

Access Partners team

Dan Karlsson

20 years experience in international financial

markets. Worked previously for OFER Group in Singapore,

Morgan Stanley London and Enskilda Securities

in Helsinki

Wilhelm Rosenlew

Investment banker, lawyer, food

industrialist, real estate manager, and beef

cattle breeder

Antti Karlqvist

More than 10 years in Nordic M&A

Prior to Access Partners, worked at

Enskilda Securities and Carnegie

Kim Lindroos

In Nordic Investment Banking since 2005,

with SEB Enskilda and Access Partners

Antti Leppinen

In Nordic Investment Banking since 2006, primarily with Access

Partners

Aki Norrgård

With Access Partners since 2010

Worked previously at EFG Bank in Helsinki and at Myllykoski in Germany and the US

Petri Sandell

More than 20 years’ experience in debt finance and debt

investments in the Nordic countries and in Asia, most recently at EQT Partners and at

Nordea Bank

Ben Airas

25 years experience in international advisory in London and Helsinki

Head of Enskilda Securities in Finland

05-06

Jonas Bergstrand

In Nordic Investment Banking since 1999, primarily with Access Partners and Enskilda

Securities

Kristian Bengtsson

Worked previously at Dresdner Kleinwort in London as part of the

Investor Solutions Group with focus on the Nordic and UK

markets

Peder Egnell

Experience in Nordic financial markets since

1997, at Goldman Sachs in London and Enskilda Securities

Joseph Hellmark

Joined Access Partners in 2011, previous

experience of Nordic M&A and capital

markets at Handelsbanken Capital Markets. Holds a M.Sc.

degree in Finance

Jani Gros

Worked previously at Corporate Finance

division of Houlihan Lokey, London and Macquarie Capital,

London & Stockholm

Kim Henriksson

More than 20 years of corporate finance

experience. Principally within M&A at Morgan Stanley and as CFO at

Munksjö.

Jarkko Sipilä

Some 15 years experience in Nordic financial markets at

Morgan Stanley, London and Enskilda

Securities

Jonas Sjöborg

More than 10 years experience from Nordic Investment Banking, previously at Enskilda

Securities

David Wahlberg

Experience from PE and corporate finance, most recently at FSN

Capital. Graduate from Stockholm School of Economics and the Royal Institute of

Technology

Mika Sihvola

Graduate from the Helsinki School of

Economics. In Nordic Investment Banking

since 2013

Samuli Kytö

Graduate from the Helsinki School of Economics with

previous working experience from SEB Corporate Finance

Fanny Nachemson

Graduate from the Lund University

13

Access Partners

Helsinki office Stockholm office

Visiting address Eteläesplanadi 2 Strandvägen 7, 6th floor

Mailing address P.O. Box 191 Strandvägen 7, 6th floor

FI-00131 Helsinki SE-114 56 Stockholm

Switchboard +358 9 6829 500 +46 8 5280 7800

14

Documents

Nordic Financial Advisory Partnership · Helsinki office Stockholm office Visiting address Eteläesplanadi 2 Strandvägen 7, 6th floor Mailing address P.O. Box 191 Strandvägen 7,