The companies being transferred into the new vehicle are Polytech, a global leader in lightning protection systems and leading edge protection for wind turbines; Jupiter Bach, a global leader in nacelle and spinner covers for wind turbines; and Bellman Group, a full-service provider of field-related works required for construction of crucial infrastructure and buildings. Polytech and Jupiter Bach are headquartered in Denmark, while Bellman Group is headquartered in Sweden.
The transaction increases the Verdane Capital VIII distributed-to-paid-in capital ratio to approximately 150%, and a number of assets still remain in the Fund following the transaction. Other successful exits from the Fund, prior to the establishment of Verdane Capital 2020, include JSB Group, Norstat, RoyalDesign and WhiteAway.
In order to adhere to industry best practice and ensure the best possible outcome for existing investors, Verdane was during the sales process open to offers from new private equity managers to manage the portfolio going forward.
Verdane was advised by investment bank Evercore’s Private Capital Advisory team, and Andulf Advokat, a boutique law firm specialising in Private Equity.
About Verdane
Verdane is a specialist growth investment firm that partners with tech-enabled and sustainable European businesses. Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies, and looks to deploy inside two core growth themes; digitalisation and decarbonisation.
Verdane funds hold over €6 billion in total commitments and have made over 400 investments in fast-growing businesses since 2003. Verdane’s team of over 140 investment professionals and operating experts, based out of Berlin, Munich, Copenhagen, Helsinki, London, Oslo, and Stockholm, is dedicated to being the preferred growth partner to tech-enabled and sustainable businesses in Europe.
Verdane is also a certified B Corporation, the most ambitious sustainability accreditation globally. The firm only backs businesses that pass its 2040 test, which indicates whether the company can thrive in a more sustainable future economy.
Verdane is partly owned by the Verdane Foundation, which is focused on two areas: climate change and more equitable and inclusive local communities.
More info: www.verdane.com
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Press Contact
Frida Einarson, Head of IR & Business Development
Verdane
+46 70 244 20 83
frida.einarson@verdane.com
