Procuritas Capital Investors V LP acquires Dantherm HVAC and Telecom EMEA from Dantherm A/S
Private equity fund Procuritas Capital Investors V LP acquires Dantherm HVAC and Telecom EMEA from Dantherm A/S
The acquisition will take place through a newly established Danish holding company and includes subsidiaries in Denmark, Norway, Sweden, UK and Germany. The acquired group had revenues of c. 310 MDKK in 2015 and has 240 employees.
“We are truly excited about this opportunity. Dantherm is a strong player within HVAC and Telecom cooling with a strong market position and a product portfolio of outmost quality. The business’ high technological competence and state-of-the-art factory in Denmark comprises an excellent foundation to further grow and develop the business” said Hans Wikse, Managing Partner at Procuritas Partners AB, advisor to PCI V.
Torben Duer, CEO of the newly formed group, added “Management is very enthusiastic to develop and grow the business with PCI V as new owners and together take the company to the next level. We firmly believe that the European HVAC market will develop positively going forward and we are thrilled to backed by PCI V fulfill our strategy of becoming a leading European HVAC player.”
For further information, please contact:
Torben Duer, CEO, Dantherm HVAC Holding A/S
tel. +45 616 29 495
Hans Wikse, Procuritas Partners AB, as advisor to PCI V
tel. +46 8 506 143 00
About Dantherm HVAC and Telecom EMEA
Headquartered in Skive, Denmark, Dantherm HVAC is a provider of products and solutions within ventilation, dehumidification and mobile heating and cooling. The Telecom division of Dantherm, of which Procuritas Capital Investors V has acquired the European subsidiaries, is a leading supplier of products for climate control in radio base stations.
Procuritas Capital Investors V, LP (“PCI V”) is a private equity fund focusing on mid-sized companies in the Nordic Region. PCI V has ample liquidity and is interested in acquiring attractive companies with sales ranging from €20-150 million. PCI V is advised by Procuritas Partners AB and Procuritas Partners GmbH. Procuritas Partners AB is a Scandinavian private equity house specialized in initiating, structuring, and financing management buyouts (MBO). Procuritas, founded in 1986, has been a pioneer in introducing the concept of MBOs in the Nordic region.