M&A Deal Summary

DONG Energy AS Acquires A2SEA A/S

On June 25, 2009, DONG Energy AS acquired marine company A2SEA A/S from Maj Invest Equity for 168M EUR

Acquisition Highlights
  • This is DONG Energy AS’s 1st transaction in the Marine sector.
  • This is DONG Energy AS’s 0th largest (disclosed) transaction.
  • This is DONG Energy AS’s 2nd transaction in Denmark.

M&A Deal Summary

Date 2009-06-25
Target A2SEA A/S
Sector Marine
Buyer(s) DONG Energy AS
Sellers(s) Maj Invest Equity
Deal Type Add-on Acquisition
Deal Value 168M EUR

Target

A2SEA A/S

Fredericia, Denmark
A2SEA A/S provides offshore wind transport, installation and service solutions at a wide variety of locations. Company specialise in providing the offshore wind industry with safer, sustainable, and more cost-efficient operations through know-how, seamless integration of installation and service solutions, and quality of performance.

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Buyer(S) 1

Buyer

DONG Energy AS

Fredericia, Denmark

Category Company
Founded 1972
Sector Oil/Gas Exploration
Employees6,379
DESCRIPTION

DONG Energy is one of the energy groups in Northern Europe. Our business is based on procuring, producing, distributing and trading in energy and related products in Northern Europe.


DEAL STATS #
Overall 4 of 4
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (Denmark) 2 of 2
Year (2009) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-01 Karcino Wind Farm

Denmark

Karcino wind farm provides wind power generation services and will have a capacity of up to 51 MW.

Buy €162M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-02 Gunfleet Sands offshore wind farm

United Kingdom

Gunfleet Sands offshore wind farm a 172 MW wind farm 7 km off the Clacton-on-Sea coast in the Northern Thames Estuary.

Sell -

Seller(S) 1

SELLER

Maj Invest Equity

Copenhagen, Denmark

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 590M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maj Invest Equity A/S (formerly LD Invest Equity) is the private equity investment arm of financial management firm Maj Invest Holding A/S (formerly LD Invest A/S). Maj invests in small-cap Danish businesses generating sales of EUR 13 to 130 million with proven business models and established market positions. Maj Invest Equity was formed in 2005 and is based in Copenhagen.


DEAL STATS #
Overall 10 of 50
Sector (Marine) 1 of 3
Type (Add-on Acquisition) 5 of 24
Country (Denmark) 10 of 50
Year (2009) 2 of 2
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-26 A+ Holding A/S

Albertslund, Denmark

A+ Holding A/S focus on customer needs and offer the most competitive communications solutions based on effective use of technology and innovation.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-01 Atchik-Realtime A/S

Hellerup, Denmark

Atchik-Realtime A/S is a provider of software and services within mobile communities to telephone companies all over the world. Atchik-Realtime was founded in 1999 and is based in Hellerup, Denmark.

Buy -