Friday, January 15, 2016

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. €41,55 million 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 utmost 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.'

About Procuritas

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.

Read more about Procuritas: http://procuritas.com/

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

Dantherm A/S issued this content on 15 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 February 2016 16:10:28 UTC

Original Document: https://www.dantherm.com/gb/utilities/news/news/private-equity-fund-procuritas-capital-investors-v-acquires-dantherm-hvac-and-telecom-emea-from-dantherm-as/