Procuritas Capital Investors III acquires DISA Holding AG
Press Release, Copenhagen
Procuritas Capital Investors III acquires all of the shares in the leading global manufacturer of moulding and shot blast equipment, DISA Holding AG from Dansk Industri Syndikat A/S, a wholly owned subsidiary of the A.P. Møller – Mærsk Group. DISA has a turnover of 1.2 BDKK, employs more than 1,400 people and has production in Denmark, the Czech Republic, the US, China and India.
The acquisition takes place through a consortium led by Procuritas Capital Investors III with DISA’s management team as joint owners. HSH Nordbank AG, Copenhagen Branch is the Mandate Lead Arranger and Debt Underwriter for the transaction.
DISA is the global market leader within equipment for foundries. The Company is a producer of moulding, shot blast and fettling machines for mainly iron foundries globally.
– We are impressed with the strong position DISA has in its markets, as well as the strength of the DISA brand name”, says Senior Partner Lars Krogsgaard of Procuritas Partners A/S, who acted as lead advisor to this acquisition. “We see many opportunities to grow the company and it is our intention to do that based on a long term strategy. We have the capital to entertain value enhancing investments in DISA and we will build on the current strong order pipeline and the market leading position in the global foundry and shot blast market. We especially see the potential in the Asian market. DISA is a great company and we trust that the company will benefit from the active ownership of Procuritas”.
The management team of DISA is convinced that this change of ownership will have a positive influence on the company.
– It is good for us to get as strong an owner, with a long-term perspective, as Procuritas Capital Investors III, which is prepared to continue to support the company. The resources and the competences that our new owner can provide us with will give us the possibility to continue to improve our market position, says Peter P. Sørensen, CEO.
Procuritas Capital Investors III is a private equity fund with committed capital of €230mm from more than 20 international and Nordic investors, including Nordea, Statoil and INVESCO. The fund focuses on mid-sized companies in the Nordic Region and, apart from DISA, owns four companies in Sweden and Denmark. PCI III is advised by Procuritas Partners.
Procuritas Partners is a Scandinavian private equity house with offices in Stockholm and Copenhagen that specializes 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 questions, please contact
Lars Krogsgaard, Senior Partner, Procuritas Partners A/S
tel. +45 33 91 87 00