Page 122

The Deal Diary

Herkules Capital Invests in Linas Matkasse A leading Nordic Private Equity company Herkules has become new shareholder in Linas Matkasse from Sweden, a European leader in the dinner bag market. With annual sale of over SEK 1bn and over 2 million distributed meals per month, the company has shown substantial profitable growth since the start in 2008.

Virtual Data Room Provider

Debt Providers

Over the past years, Linas Matkasse has also established in Norway and most recently in the Netherlands. To strengthen the company for further expansion plans in both existing and new markets, the company has taken Herkules on board – an investor with proven growth success in entrepreneur driven consumer companies. Together, Linas Matkasse’s new shareholder group will take the company to the next level. “I am extremely happy that Herkules has chosen to become shareholder of Linas Matkasse. During the past couple of months we’ve had fruitful discussions with a number of national and international potential investors. Herkules Capital will add valuable knowledge to the company, which will enable Linas Matkasse to continue to expand even more aggressively”, says founder and CEO Niklas Aronsson.

Legal Adviser to the Vendor

Niklas Aronsson founded Linas Matkasse in 2008 together with his sister Lina Gebäck. In 2011 the company brought in new shareholders; Swedish Creandum and German Acton Capital. “Linas Matkasse has a fantastic financial and brand-rate history and tremendous growth potential in the Nordics and beyond. The company’s strong innovation skills, corporate culture and strong management team impress me greatly. That’s the reason why we invested in Linas Matkasse to contribute to take the company to the next level. A next level that that may well mean a future IPO“, says Sverre Flåskjer, Managing Partner, Herkules Capital.

Commercial Due Diligence Provider

Herkules was till July the owner of the successful Nordic coffee shop chain Espresso House. Herkules’ acquired minority share implies a broadening of the shareholder group. All existing shareholders remain in the company.

TRADEKING Acquisition of MB TRADING In a move to further extend the scope of its online brokerage offering, TradeKing Group announced today that it has entered into an agreement with California-based MB Trading to acquire all of the firm’s assets. The acquisition is part of TradeKing’s mission to build a diversified financial services firm that fits the needs of every kind of client, from new investors to the savviest traders. Financial terms of the agreement were not disclosed.

Financial Adviser to the Purchaser, Financial Adviser to the Equity Provider, Financial & IP Due Diligence Provider

With the addition of MB Trading’s renowned and award-winning trading platform, TradeKing will offer a powerful, active trading experience for the most experienced traders, featuring the full spectrum of products, including stocks and ETFs, options, bonds, forex and futures. “TradeKing and MB Trading clients will have access to the best products, technology and services our two firms have to offer,” said Don Montanaro, co-founder and CEO of TradeKing. “TradeKing and MB Trading were both founded on the core principle of driving more value for the investor’s dollar. This acquisition furthers that goal by offering clients of both firms more choice and more capabilities for the same great per trade price. We intend to remain a consolidator in this space to ensure great products and technologies can continue to flourish under the TradeKing umbrella.” The combined, post-acquisition firm will operate under the TradeKing brand with offices continuing in Fort Lauderdale, Florida; Charlotte, North Carolina; and El Segundo, California. The existing TradeKing management team will remain in their current roles with Steve Demarest and other key players from MB Trading joining the TradeKing team. Commenting on the agreement, Steve Demarest, President of MB Trading said, “We chose to enter into this agreement with TradeKing because our two firms share a very similar philosophy; that is to give our clients the very best tools, technology and pricing to put them in a position to win. We know everyone at TradeKing is as committed as we are to treating our clients right and doing whatever it takes to help them succeed.”

122 Acquisition International - December 2015

Legal Adviser to the Purchaser

Profile for AI Global Media

AI magazine December 2015  

AI magazine December 2015  

Advertisement