M&A Deal Summary

Investcorp Acquires Georg Jensen

On November 5, 2012, asset manager Investcorp acquired consumer products company Georg Jensen from Axcel for 140M USD

Acquisition Highlights
  • This is Investcorp’s 8th transaction in the Consumer Products sector.
  • This is Investcorp’s 26th largest (disclosed) transaction.
  • This is Investcorp’s 2nd transaction in Denmark.
Investment Fate
  • Georg Jensen was sold to a publicly-traded strategic buyer in 2023 for 152M EUR.

M&A Deal Summary

Date 2012-11-05
Target Georg Jensen
Sector Consumer Products
Buyer(s) Investcorp
Sellers(s) Axcel
Deal Type Secondary Buyout
Deal Value 140M USD
Advisor(s) Jamieson Corporate Finance (Financial)

Target

Georg Jensen

Frederiksberg, Denmark
Georg Jensen is a luxury brand that designs, manufactures and distributes jewellery, watches, fine silverware and high-end homeware. Georg Jensen was founded in 1904 and is based in Frederiksberg, Denmark.

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Buyer(S) 1

Buyer

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 100 of 189
Sector: Consumer Products M&A 8 of 12
Type: Secondary Buyout M&A Deals 31 of 60
Country: Denmark M&A 2 of 3
Year: 2012 M&A 6 of 6
Size (of disclosed) 26 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-05 Verizon Connect

Atlanta, Georgia, United States

Verizon Connect is a global provider of mobile workforce solutions for service-based businesses of all sizes delivered as software-as-a-service. Verizon Connect is based in Wellesley Hills, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-27 FleetPride

Irving, Texas, United States

FleetPride is an independent distributor of aftermarket heavy-duty truck and trailer parts in the United States. FleetPride was founded in 1975 and is based in Irving, Texas.

Sell $1.0B

Seller(S) 1

SELLER

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 4.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Axcel Management AS is a private equity firm focused on mid-market buyouts in Denmark and Sweden. Axcel primarily seeks companies with a strong Danish or Swedish base and international potential. The Firm looks to invest in companies with revenues of DKK 250 million (€ 35 million) to DKK 4 billion (€ 535 million). Axcel prefers majority positions. Axcel Management A/S was formed in 1994. The Firm is based in Copenhagen with an additional office in Stockholm.


DEAL STATS #
Overall 17 of 49
Sector: Consumer Products M&A 1 of 3
Type: Secondary Buyout M&A Deals 5 of 15
Country: Denmark M&A 13 of 36
Year: 2012 M&A 1 of 2
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-01 Mita-Teknik

Rodkaersbro, Denmark

Mita-Teknik is a manufacturer of control concepts for the wind turbine industry and other industries. The company offers a unique control concept for the wind turbine industry which can be tailored to the individual customer’s needs and spans the control, management and monitoring of both individual wind turbines and entire wind farms. Mita-Teknik was founded in 1969 and is based in Rodkaersbro, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-12 Royal Scandinavia A/S

Frederiksberg, Denmark

Royal Scandinavia A/S produces and sells lifestyle products.

Sell €66M