Procuritas Capital Investors IV LP A acquires the Perimeter Protection business unit from Gunnebo
Press release, Guernsey/Stockholm
Procuritas Capital Investors IV LP A (“PCI IV”) acquires the Perimeter Protection business unit, a leading European supplier of outdoor perimeter protection products and systems, including high security products, fences, gates.
The acquisition will take place through a newly established Swedish holding company. Closing will follow customary Competition Authority approval.
“We are very excited about this opportunity. The Perimeter Protection Group with its associated brands, like Gunnebo-stängsel in the Nordic Countries and elkosta in continental Europe, has a strong legacy, and is a market leading player in a number of markets. We believe the group will be in a better position to service its customers and to grow profitably in its core markets.” said Tomas Johansson, Partner at Procuritas AB, advisor to PCI IV.
Karsten Hamborg, CEO of the group, added “The management is excited about this opportunity to develop the group stand alone. We and PCI IV have a clear agenda for how to develop this business further and make a good business even better”.
“The business has a strong product portfolio and a good distribution network. We believe that the business has a good potential to grow both in its core markets, the Nordic region, France and Germany, as well as on a number of other markets” said Erik Fougner, Board member of PCI IV.
Per Borgvall, CEO of Gunnebo, also added “With Procuritas Capital Investors IV as the owner, Perimeter Protection Group will have the right foundation to further develop its business in line with its own clearly defined agenda.”
About the Perimeter Protection Group
The Perimeter Protection Group is a business focused on developing, manufacturing and selling outdoor perimeter protection products and systems, including high security products, fences and gates, with core focus on the Nordics, Germany and France, but with a global distribution network. The group has sales of about MEUR 80, and factories in Sweden, Germany and France.
About Procuritas
Procuritas Capital Investors IV is a private equity fund focusing on mid-sized companies in the Nordic Region. The Perimeter Protection Group is the eighth investment by PCI IV. PCI IV is advised by Procuritas AB and Procuritas Partners GmbH. Procuritas is 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 can be found on www.procuritas.com.
For further information, please contact:
Tomas Johansson, Partner, Procuritas AB, as advisor to PCI IV
tel. +46 733 25 45 02
Erik Fougner, Board Member, Procuritas Capital Investors IV GP
tel. +46 702 66 31 11/+41 79 88 75 4 74
Mattias Feiff, Partner, Procuritas AB, as advisor to PCI IV
tel. +46 706 208 436
Karsten Hamborg, CEO Perimeter Protection Group
tel. +49 160 718 70 00