M&A Deal Summary

Maj Invest Equity Acquires Ferm Living

On December 21, 2020, private equity firm Maj Invest Equity acquired furniture company Ferm Living from Vendis Capital

Acquisition Highlights
  • This is Maj Invest Equity’s 3rd transaction in the Furniture sector.
  • This is Maj Invest Equity’s 54th transaction in Denmark.

M&A Deal Summary

Date 2020-12-21
Target Ferm Living
Sector Furniture
Buyer(s) Maj Invest Equity
Sellers(s) Vendis Capital
Deal Type Secondary Buyout

Target

Ferm Living

Copenhagen, Denmark
Ferm Living is a Danish brand of design home furnishings. The range includes furniture, textiles, decorative objects, wallpaper, designs for the kitchen, bathroom, and office as well as a large collection for kids. Ferm Living was founded in 2005 and is based in Copenhagen, Denmark.

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Buyer(S) 1

Buyer

Maj Invest Equity

Copenhagen, Denmark

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 54 of 55
Sector (Furniture) 3 of 3
Type (Secondary Buyout) 4 of 4
Country (Denmark) 54 of 55
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 ProLøn A/S

Randers, Denmark

ProLøn A/S is a provider of salary and wage software for small and medium-sized companies with a system based on SaaS (Software as a Service)/a cloud-based business model. ProLøn was founded in 2001 and is based in Randers, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Itadel

Ballerup, Denmark

Itadel is a provider of managed hosting solutions in Denmark, specialising in outsourcing of business critical IT operations from own modern datacentres. Itadel is based in Ballerup, Denmark.

Sell -

Seller(S) 1

SELLER

Vendis Capital

Diegem, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
Size Small
Type Sector Focused
DESCRIPTION

Vendis Capital is an independent, Western European private equity firm focused on opportunities in the consumer sector. Vendis invests in branded consumer companies including retail, food, consumer goods, and consumer services. The Firm will consider majority and minority positions and generally seeks to commit €5 to €25 million in companies generating up to €120 million in revenue. Funds are generally used to support internal growth, acquisitions, full or partial liquidity to stakeholders, management buyouts, and corporate divestitures. Vendis Capital was formed in 2009 and is based in Brussels.


DEAL STATS #
Overall 6 of 10
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (Denmark) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 BitterPower

Mannheim, Germany

BitterPower distributes foods and dietary supplements under the own brand “BitterLiebe”. In addition to the own web store "BitterLiebe“ products are also available in more than 4,000 dm, Rossmann and Budnikowsky retail stores as well as regularly in teleshopping on HSE24. The company records a growth rate of more than 120%, nearly double-digit millions in revenues, and a seven-digit profit. BitterPower was founded in 2018 and is based in Mannheim, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 SoLow

Culemborg, Netherlands

SoLow is an uniquely differentiated retailer with a deep assortment in party, hobby & craft as well as a broad offering in other fun non-food articles, all available at affordable prices. SoLow was founded in 2003 and is based in Culemborg, Netherlands.

Buy -