Procuritas acquires the growth company Zone Company Denmark A/S
Press release, Viborg
Procuritas Capital Investors III has entered into an agreement to acquire a majority stake in Zone Company Denmark, from the existing owners Kim Krull Jørgensen and Poul Jepsen. The CEO Poul Jepsen continues as shareholder. Zone Company is a leading supplier of interior products to hardware, furniture, and trend stores in Denmark, and internationally. The management and the employees all continue in the company.
Headquartered in Viborg, Denmark, Zone Company Denmark is one of the leading suppliers of interior products to hardware, furniture, and trend stores in Scandinavia. The company exports sales to 35 countries and has established 15 franchise stores, which are focused in the Middle East and Southern Europe.
“Zone Company Denmark is a sound and profitable growth company. The company’s brands; franchise concept; broad product range within kitchen, bathroom and interior design together with the innovative dynamic staff, create a strong basis for continued success”, says Senior Partner Lars Krogsgaard, Procuritas Partners A/S. “We see a great potential for growing Zone Company in the future in close co-operation with the management, and it is our intention to develop the company further based on a well-defined strategy.”
Focus on international growth
The two selling shareholders Kim Krull Jørgensen and Poul Jepsen established a 50/50 partnership in 1997 in Zone Company, and they have in close cooperation developed the company to its present size. The company has won several awards, e.g. the Danish prize as “gazelle company” five years in a row.
“Kim Jørgensen and I have had an exceptional rewarding and exciting time developing Zone Company together. The company has grown to a size, where there is a need for new competencies and more experience in development of larger companies, which is why we have chosen to sell the company to Procuritas. We have a strong platform for future profitable growth and we have the clear intention of building a strong international brand and a franchise chain within and outside Europe. Personally I look forward to the co-operation with Procuritas and I have great expectations”, says CEO Poul Jepsen, Zone Company Denmark.
The future strategy is still to focus on growth including expansion of the company’s franchise concept, and increased export sales in other markets. The sale of Zone Company Denmark has therefore also been conditional to Procuritas’ international experience.
ATRIUM Partners has assisted Kim Krull Jørgensen and Poul Jepsen as financial advisor in connection with their sale of their shares to Procuritas Capital Investors lll.
“The selling shareholders has assigned great importance of the future development of the organisation and strengthening of the business systems as well as the high potential of increasing the sale of Zone products worldwide. Zone is a well-managed company with great development potential. We consider Procuritas to be the right partner, because they can contribute the necessary experience for the development of the company in the future years.” says partner and CEO Jan Davidsen, ATRIUM Partners.
For further information
CEO Poul Jepsen, Zone Company Denmark
mobile +45 2269 2222
Senior Partner, Lars Krogsgaard, Procuritas Partners A/S
mobile +45 2844 9171
Zone Company Denmark was established in 1991 with headoffice in Viborg in Denmark and has 47 employees. Zone Company Denmark has developed from being a pure trading house and wholesale business to being an international trade and design company with the strong brands Zone Denmark and Galzone. The company is known among customers and cooperating partners as an innovative and service minded organisation. This quality is driven by business talent which secures good earnings within the company as well as for its customers.
For more information about Zone Company Denmark please go to www.zonecompany.dk
Procuritas Capital Investors lll is a private equity fund with more than 20 international and Nordic investors. The fund’s total capital base is DKK 1.7 billion and the fund owns inter alia the two Danish companies Expan and DISA. Procuritas Capital Investors lll is advised by Procuritas Partners A/S.
Procuritas Partners A/S is a Scandinavian private equity company, which specializes in structuring, financing and executing management buyouts. Procuritas Partners was established in 1986 and was the first player to introduce the concept of management buyouts in the Nordic region. The Company is exclusive advisor to three private equity funds with a total capital base of DKK 2.7 billion.
For more information about Procuritas Partners please go to www.procuritas.dk