M&A Deal Summary

Verdane and FSN Capital Acquire Polytech

On May 19, 2016, growth capital firm Verdane and private equity firm FSN Capital acquired renewable energy company Polytech

Acquisition Highlights
  • This is Verdane’s 2nd and FSN Capital’s 1st transaction in the Renewable Energy sector.
  • This is Verdane’s 2nd and FSN Capital’s 8th transaction in Denmark.

M&A Deal Summary

Date 2016-05-19
Target Polytech
Sector Renewable Energy
Buyer(s) Verdane
FSN Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Polytech

Bramming, Denmark
Polytech provides rotor-blade technical solutions for wind turbines. Polytech was founded in 1994 and is based in Bramming, Denmark.

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Buyer(S) 2

Buyer

Verdane

Oslo, Norway

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.


DEAL STATS #
Overall 36 of 85
Sector: Renewable Energy M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 21
Country: Denmark M&A 2 of 4
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-18 Vaadin

Turku, Finland

Vaadin is a provider of web application development tools. Its products enable businesses to replace most of their desktop applications with standard based web applications that run on all major mobile and desktop browsers. Vaadin was founded in 2000 and is headquartered in Turku, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-19 Swims AS

Oslo, Norway

Swims AS is a lifestyle brand best known for its range of fashion-forward, water-resistant footwear and sportswear that artfully balances performance, comfort and style. SWIMS distributes its full range of footwear, swimwear, outerwear, ready-to-wear and accessories worldwide through high-end department stores, independent specialty stores, and luxury resorts.

Sell -
Buyer

FSN Capital

Oslo, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

FSN Capital is a private equity firm focused on opportunities in Scandinavia. FSN looks to make control investments in mid-sized companies valued from €50 to €500 million. FSN targets businesses with the potential to 'become international leaders'. FSN Capital was formed in 1999 and has offices in Oslo, Munich, and Stockholm.


DEAL STATS #
Overall 31 of 61
Sector: Renewable Energy M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 20 of 32
Country: Denmark M&A 8 of 13
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 Netcompany

Copenhagen, Denmark

Netcompany is a provider of IT solutions and consulting services. Netcompany was founded in 2000 and is based in Copenhagen, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 BHG Group

Malmö, Sweden

BHG Group is an online platform for DIY and Home Furnishing (“Home Improvement”) with a clear market-leading position in the Nordics. It operates approximately 100 online sites, including bygghemma.se, trademax.se, chilli.se, nordicnest.se, and furniturebox.se, as well as approximately 70 showrooms. BHG Group was formed in 2006 and is based in Malmö, Sweden.

Buy -