Conaxess Trade Group owner Aurelius taps Danske Bank for exit

The sale process is expected to kick off later this spring, two of the sources said.

The company is expected to be marketed based on EBITDA of around EUR 15m, three of the sources said. It is an exciting business case, with strong growth and a fairly large size, one of the sources added.

Conaxess offers services such as sales force, logistics, market intelligence, co-packing, marketing, category management, key account management, point-of-sale services, purchasing, warehousing, distribution, and customer services, targeting sectors such as travel, retail, pharmacies, food service, travel retail, e-commerce, and cash & carry, with access to 40 million customers. It has offices in Denmark, Sweden, Norway, Finland, Austria and Switzerland, and is headquartered in Hvidovre, Denmark, according to the company's website.

Aurelius acquired Conaxess, then called Valora Trade, in 2015 for cEUR 41.5m. Aurelius used law firms CMS and Wistrand, and accountant EY, while the vendor used Franzen & Company as financial adviser, Baer & Karrer, Mannheimer Swartling and Schoenherr as legal advisers, and KPMG as accountant, according to Mergermarket's database.

Danske Bank declined to comment. Conaxess Trade Group and Aurelius did not reply to requests for comment.

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