News. 29/03/10

Procuritas Capital Investors IV acquires Gram Equipment AS

Press Release, Vojens

PCI IV acquires Gram Equipment, a Danish based global leading supplier of advanced ice cream machines.

The acquisition takes place through an international consortium led by PCI IV.

“We are very excited about this opportunity. Gram Equipment is a market leading player, supplying the largest and the best ice cream manufacturers globally with the most advanced and reliable machinery. Ice cream consumption is growing globally, and Gram Equipment is well positioned to supply the machines supporting this growth”, says Tomas Johansson of Procuritas AB, advisor to PCI IV.

“We believe that PCI IV will be a good partner and owner. Gram Equipment has a good momentum, and we believe that PCI IV will, as a professional and value adding owner with a long history of supporting Nordic companies, add to this positive development, ensuring that Gram Equipment can maintain and develop the strong relationship that we have with our customers”, says Nis Phillipsen, CEO of Gram Equipment.

About Gram Equipment

Gram Equipment is a leading supplier of ice cream equipment globally. The company is headquartered in Vojens, southern Denmark, together with the main factory, development section and the main sales organization. The company also has operations in the US and Italy, with additional sales offices spread over the globe. Gram Equipment has a fully comprehensive range of solutions for their customers, from individual machines to complete production facilities. Gram Equipment’s turnover is approximately €30m and it employs about 150 people.

More information about Gram Equipment can be found on www.gram-equipment.com.

About Procuritas

Procuritas Capital Investors IV is a private equity fund focusing on mid-sized companies in the Nordic Region. Gram Equipment is the third investment by PCI IV, and the first one in Denmark. PCI IV is advised by Procuritas AB and Procuritas Partners GmbH. Procuritas is a Scandinavian private equity house specialized in initiating, structuring, and financing management buyouts. Founded in 1986, the company was the pioneer in introducing the concept of management buyouts in the Nordic region.

More information about Procuritas can be found on www.procuritas.com.

For further information, please contact:

Tomas Johansson, Partner, Procuritas AB, tel. +46 733 25 45 02
Nis Phillipsen, CEO, Gram Equipment AS, tel. +45 7320 1700

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