Procuritas sells the Dantherm Group to Deutsche Beteiligungs AG

Monday, December 21, 2020

Procuritas today announced that it has sold the Dantherm Group to Deutsche Beteiligungs AG (DBAG). Consummation of the agreement is subject to approval by the competent antitrust authorities.

Headquartered in Denmark, the Dantherm Group has more than 60 years’ experience in designing and manufacturing heating, cooling, drying, ventilation and air cleaning products and solutions for a wide range of portable and installed applications and industries. The group has subsidiaries in 10 European countries.

Bjarke Brons, CEO at Dantherm Group commented: “Together with the strong support from Procuritas, we have in the past six years transformed Dantherm to become a market leading provider of climate control products and solutions. In DBAG, we have gained a new and strong partner with whom we can fully implement our growth strategy. We see significant market opportunities within our business and are excited to continue the development of Dantherm in the future drawing on DBAG’s extensive industry knowledge and experience in implementing buy-and-build strategies”.

Hans Wikse, Partner at Procuritas, commented: “We are delighted to have sold Dantherm to DBAG, having received keen interest from several parties. We think it is a great fit for the company and they will have a great future. Dantherm has been a classic buy and build investment for Procuritas and our strategy was implemented following the methodical process we have undertaken with many other investments over the years.

Jannick Hunecke, DBAG Management Board member commented: “We want to support Dantherm in pursuing its organic growth and buy-and-build strategy. The market in Europe remains very fragmented, presenting us with the opportunity to expand our product portfolio and regional market coverage through acquisitions. DBAG sees further potential for value enhancement over the period of DBAG Fund VIII’s investment, through greater integration between the companies recently acquired by Dantherm”.

 

About Dantherm Group

Originally founded in 1958, the Dantherm Group is a European leader in portable and installed climate control solutions for a wide range of industries within heating, drying, cooling and ventilation. Dantherm has subsidiaries in Norway, Sweden, UK, Germany, Switzerland, Italy, Spain, Poland, Russia, China and France. In 2016 the Dantherm Group was acquired by Procuritas Capital Investors V LP.

www.danthermgroup.com

About Procuritas

Procuritas is a private equity investor, focused on investing in and growing Nordic mid-market companies. With a passion for business, hands-on active ownership approach and more than thirty-year record from a large variety of transactions, it has supported more than 45 companies in accelerating their growth and realizing their true business potential. As owners, Procuritas is characterized by its enthusiasm, commitment, and strong belief that it is an ally in the quest to build strong and sustainable businesses.

www.procuritas.com

About Deutsche Beteiligungs AG

Deutsche Beteiligungs AG, a listed private equity company, initiates closed-end private equity funds, and itself invests alongside those funds predominantly in well-positioned mid-market companies with development potential. For many years, DBAG’s focus has been on industrial sectors. A growing portion of DBAG’s equity investments is now deployed in the growth sectors of broadband/telecommunications, IT services/software and healthcare. Its long-term, value-enhancing entrepreneurial investment approach makes DBAG a sought-after investment partner in the German-speaking world. DBAG Group’s assets under management or advisory amount to 2.6 billion euros.

www.dbag.de