News

June 23, 2021

Nordic ID Oyj public takeover by Brady Corporation – First ever Nasdaq First North Finland public bid

Translink advised Nordic ID in the first ever Nasdaq First North cash offer in Finland. On April 15, 2021, Brady S.à r.l, a wholly owned subsidiary of Brady Corporation, announced a public offer recommended by the Board of Directors of Nordic ID Oyj for all shares in Nordic ID Oyj. The Board of Directors of Nordic ID Corporation recommended that the shareholders accept the tender offer based on the Fairness Opinion provided by Translink Corporate Finance Oy. The offer reached a 92,91% acceptance level on May 19th, making the offer unconditional.

Jorma Lalla, Chairman of the Board of Nordic ID Corporation, stated:

“All members of the Board of Directors were truly impressed by the quality, details and reliable recommendations of Translink during the preparation and execution of the takeover project.”

Brady S.à r.l. and Nordic ID Plc have signed a combination agreement on April 15, 2021, pursuant to which Brady will make a voluntary public tender offer recommended by the Board of Directors for all issued and outstanding shares of Nordic ID that are not held by Nordic ID or its subsidiaries. In the tender offer, Nordic ID shareholders will be offered a cash consideration of EUR 3.30 per share, which equates to a total tender offer of approximately EUR 8.1 million and an enterprise value of approximately EUR 10.2 million. The members of Nordic ID’s Board of Directors have unanimously decided to recommend to Nordic ID’s shareholders the acceptance of the Tender Offer.

Juuso Lehmuskoski, President and CEO of Nordic ID Corporation, commented:

“The team, led by Sami Miettinen, managed the confidential transatlantic process with impressive precision and in accordance with The Helsinki Takeover Code at all times.”

The offer consideration for the tender offer includes a premium that is:

approximately 26.0 percent compared to the closing price of the Shares on the Nasdaq First North Growth Market on April 14, 2021, i.e. on the last trading day prior to the announcement of the Tender Offer;
approximately 31.7 percent over the six (6) month volume-weighted average price of the Shares on the Nasdaq First North Growth Market; and
approximately 36.1 percent over the twelve (12) month volume-weighted average price of the Shares on the Nasdaq First North Growth Market.

Contact our Team Members advising in this transaction:
About Translink Finland

Translink Corporate Finance Finland, based in Helsinki, is one of the leading M&A boutiques in the Finnish market. Since its foundation more than 15 years ago, their partners completed more than 100 M&A transactions in different industries, worked closely together with a number of business partners and industry players, both locally and internationally. In addition Translink Finland is a Certified Adviser on NASDAQ OMX First North.

Search

References

Testimonials

  • "We are very pleased to close the sale of Clinicbuddy to Main Capital and Alfa, which is a market player we have worked with for several years.....We would have never been able to reach this stage of exceptional growth opportunities together with Main Capital without the professional support from Anecta Translink."
  • "For most people the sale of a business is the biggest, once in a lifetime transaction undertaken in business, appointing Translink to advise was a shrewd and very satisfying investment. The whole team took dedication and professionalism to a new level – Brilliant job!”
  • "I have been thoroughly impressed with Translink UK throughout the whole transaction. The team has been right by our sides from start to finish, their advice and communication has been clear, prompt, and professional, making the journey that much smoother."
  • “Translink-BHP Corporate Finance is a long-standing advisor to Greenhous Group and the disposal of SFS further reinforced the value of their quality, experience, and insight. BHP worked tirelessly to ensure strict timescales were met in a very professional manner.”

    Mike Pawson, Group CFO and shareholder Greenhous Group Ltd
  • “The shareholders of CSF are extremely grateful to Translink-BHP for the role they played in delivering this transaction. They oversaw a global marketing process that helped to secure a very favourable outcome for both the shareholders and the business. They were there with us at every step of the process; their professional advice and support throughout was invaluable and I wouldn’t hesitate to recommend them".

    Steve Tate, CSF Chairman & CEO
  • “The decision to sell the family business which I had built up over 35 years was one of the hardest of my life. BHP was selected as our preferred advisor due to their experience, professional approach and association with Translink.

    Translink proved to be a winner. We received global interest, from across Europe, the USA and China. BHP worked tirelessly, literally day and night to get the deal over the line in a very short timescale. I cannot recommend BHP enough, their dedication and international connections meant that we closed the deal well above our expected selling price.”

    David Webster, Managing Director and shareholder of The Label Makers Limited
  • “This transaction provides a great platform for expansion across the Baltic region. IV is an excellent business and we look forward to welcoming IV to Miss Group and continue our mutual growth journey.
    I am impressed with the continuous deal support provided by the financial advisors. Once again have Anecta and the Translink network proved its value proposition to us and I highly recommend them for national and cross-border deal advisory.”

    Mattias Kaneteg, Miss Group founder and CEO
  • "As a technology leader with steady long-term growth but limited resources we wanted to find a partner that could help us make a larger leap. Translink found numerous very attractive options for us and moving forward together with Sensebit and Helix will help us achieve our ambitious growth targets."

    Petri Granroth, CEO and shareholder of Visy
  • “Based on our earlier contact and recommendations we chose Translink Corporate Finance as our M&A adviser, being responsible for the transaction process and finding the best future partner for us – a partner and co-shareholder who could help us to realize the significant growth potential we see in our industry. In the middle of the operation the corona outbreak occurred – and controlling the process during this phase was not easy.
    Translink Corporate Finance presented a significant list with very relevant international candidates, and a Danish buyer ended up making the best offer. The process was guided and controlled in a very professional way by Henrik and Claus.”

    Steffen Vogel, former owner of Cortex Technology
  • “We would like to thank Translink Denmark for facilitating the Healthcare Group’s entry into Northern Europe. Henrik Schrøder was instrumental throughout all stages of the deal, providing us with an essential link to S&W ownership, particularly at a time where travel has been inhibited by the pandemic. We extend our thanks to Translink Corporate Finance and look forward to many years of continued growth in the region.”

    Brett Valliant, Corporate development director, Diploma Healthcare Group
  • “When we chose that it was time to raise capital to AlfaNordic Group A/S to live out our ambitions, we went to Schrøder Translink for assistance. It quickly became clear that the right thing to do was to put the shares up for sale. In this sales process we have found that Translink's network has been invaluable in finding suitable buyers internationally. We experienced great interest both from Denmark and from abroad. Through a sometimes very hard process, we have had a good and constructive collaboration with Translink, which has probably been decisive for the final good result.”

    Thomas Melgaard Petersen and Henrik Linnemann, former owners of AlfaNordic
  • "This transaction will allow us to seize significant growth opportunities in the North American market and, at the same time, create synergies in every operational area. I was impressed by the ability of Translink to originate this opportunity for us so close to the profile we were seeking in such a competitive market. This was our first acquisition outside of Italy. Nevertheless, Translink was able to make this complex and new experience, both in terms of norms and culture, seem familiar and manageable for us. I highly recommend Translink for companies wishing to expand abroad and especially for those interested in the United States.”

    Giulio Pedrollo, CEO of Pedrollo Group
  • "Translink is a determined advisor. The outcome of the transaction was in line with our expectations. I believe the transaction will ensure Amomatic even better chances for continuous growth and development"

    Olavi Ruokonen, Former Chairman of the Board of
    Amomatic Oy
  • "Translink Peakstone’s thoughtful guidance and dedication throughout the entire process were critical to achieving a very successful outcome that met all of our transaction objectives."

    Mike Gibney, CEO of LSC
  • "Translink’s advisory ensured successful sales process completion with the terms that satisfied all the owners."

    Tomi Pulkki, CEO and founder of HopLop Oy
  • "The Translink team executed the entire transaction process. I can warmly recommend them for any Corporate Finance-assignments."

    Anneli Koivunen, Chairman of the Board of Priorite Group

  • “I’m very glad about this win-win strategic cooperation with Kiwa. BCC will further enrich its competitiveness in the certification business and enter into the lab testing field as new growing points. Meanwhile, BCC provides a solid foundation for Kiwa to expand into the China and Asia Pacific market. We also thank Translink CF for introducing such a high quality strategic partner to BCC. Even though Translink is advisor for the buy side, they acted fairly and were very experienced and managed professionally throughout the whole process.

    Huang Quan, Chairman of BCC Inc
  • "CalixKlippan is the best possible new owner for Carbox. The transaction focused support by Translink was crucial for our success. The cooperation with Andreas Hüchting and Carsten Wolter was based on a high level of trust and professionalism. I want to thank the Translink team for their strong support.”

    Stefan Bellinger, Managing Partner of Carbox
  • "At the beginning of this project it was already clear to us that we could only achieve the best results if we complemented our internal team with competent M&A advisors. That is why we chose Translink Corporate Finance. Translink provided us with prudent advice and professional support at all stages of the process. The cooperation with Tilman Eckstein and Dennis Magath was extremely productive and successful. We appreciate the combination of professionalism and goal-oriented pragmatism, which helped us a lot in all phases of the negotiations. We were impressed by the constant high level of commitment and dedication of the transaction team".

    Oliver Herkommer, CEO of the Ingenics Group