Nordic M&A and Private Equity Forum

  • 08:30

    General registration and coffee

  • 08:15

    Transaction Risk Breakfast Briefing

    In this breakfast briefing, our expert speakers will cover topics including claims and contingent and known risks.

  • 09:10
  • 09:20

    Keynote Presentation: Macro trends outlook

    Despite increasing geopolitical uncertainty and worries over the global economy, M&A in the Nordic region has remained relatively stable driven by continued foreign interest in high-quality assets. This keynote will explore the factors that are likely to have the most significant impact on deal activity over the coming year.

  • 09:45

    Panel: Portfolio strategies in a global economic slowdown

    As we enter a new decade, it’s an opportune moment to take stock of deal trends since the financial crisis. This panel of multinational corporates will reflect on the story of rising markets, corporate war chests and private equity dry powder. Looking ahead to the year ahead, macro risks are causing dealmakers to pause. We consider how company boards are looking at their global footprint and which trends are here to stay: 

    • Investment from China has increased in the region as it bucks the wider European trend of rising protectionism – which sectors are appealing for further investment? 
    • What are the key growth and acquisition drivers over the next year?  
    • How will the global agenda for sustainable business drive investment decisions? 
    Jan  Lund
    Jan Lund
    EVP Head of Strategy, Corporate Development and M&A, Bonnier Group
  • 10:30

    Morning coffee and networking

  • 11:00
  • 11:20

    Fireside Chat: Shareholder activism and take-privates on the rise

    The rise of US-style shareholder activism in Europe has meant listed companies are having to become increasingly adept at dealing with activist fund agitators. High levels of dry powder have seen a boom in the number of take-privates as PE funds turn their attention to the public market to deploy their capital and the trend shows little sign of slowing. Recent Nordic examples include the completion of CVC’s takeover of Swedish based Ahlsell who delisted in March 2019. In this session we explore how the origination and due diligence process differs from a private target, and whether activists are allies or enemies for PE houses in take-private situations.

  • 11:40

    Fireside Chat

  • 12:00

    Lunch

  • Stream A: Funds

    • 13:00

      Chair’s opening remarks

    • 13:10

      Panel: Private equity

      Private equity firms appear to be taking advantage of the high valuations, which combined with the continued openness towards foreign investment has driven exits to their second highest point by both value and volume on Mergermarket record for Q1-Q3. However, private equity buyouts slumped to just EUR 11.5bn across 174 deals down from 232 deals worth EUR 23.3bn in 2018.

      The panel will explore the best strategies in the face of a potential slowdown and whether increased interest in small and mid-market assets will drive a bounce back in 2020. 

      • What operational improvements can firms make to create and enhance value in their portfolio companies? 
    • 13:50

      Panel: Infrastructure investments

      • In March, EQT’s fourth infrastructure fund hit its hard cap of €9 billion, making it the largest fund raised so far this year. 
      • Several Nordic LPs are also increasing their commitments to the asset class and new pools and platforms have been established to facilitate super-sized pension fund investment into infrastructure. 
      • Core infrastructure sectors such as energy as well as telecoms have been particularly active in 2019. Var Energy’s acquisition of Exxon Mobil’s Norwegian oil and gas assets for €4.1bn was the largest deal recorded this year. 

      This panel will explore what is driving infrastructure’s growth in the Nordic region.

      Torborg Chetkovich
      Torborg Chetkovich
      Partner, CapMan Infra
    • 14:30

      Afternoon coffee and networking

    • 14:50

      Case Study

    • 15:20

      Panel: Importance of organisational culture in transactions

  • Stream B: Disruption

    • 13:00

      Chair’s opening remarks

    • 13:10

      Panel: Innovation strategies

      Companies are increasingly using M&A as method of gaining access to new innovations through early stage investments as well as acquiring more mature tech firms.

      Speakers will discuss what has driven their engagement with smaller, early stage start-ups and how they evaluate and structure these opportunities. 

      • How should firms approach corporate venturing to develop technological capabilities and gain financial returns?
    • 13:50

      Panel: Sector focus - fintech and payments

      The Nordic technology sector has long attracted significant international interest, particularly in the payments and fintech sectors. 

      Several high-profile deals have occurred in recent years including Visa acquiring a stake in Klarna in 2017 and Paypal’s EUR 1.9bn takeover of iZettle in 2018 and their EUR 10m funding of Tink in June 2019. Mastercard’s recent acquisition of most of Nets’ corporate services business for EUR 2.85bn shows that there is no sign of slowing interest especially from major US players.

    • 14:30

      Afternoon coffee and networking

    • 14:50

      Case Study

    • 15:20

      Panel: Digitalising healthcare - opportunities and challenges

      By 2030, globally 1 in 10 people will be over the age of 65. In the face of an ageing population and the subsequent growing strains on traditional healthcare infrastructure, there is more incentive than even to utilise digital technology to relieve some of the burden. This panel will explore what impact these key drivers are having on investments and M&A activity in the healthcare sector.


  • 16:00

    Chair's closing remarks

  • 16:10

    Networking drinks