BWB acquires 60% stake in Holmris

Following the deal, the remaining stake in the company will be held by management, including joint CEOs Henrik Holmris and Niels Henrik Lauritzen.

Under its new owners, Holmris will undertake an international expansion strategy, with the business expecting to increase its sales in the US market. The business has undertaken an acquisitive growth strategy over the course of the last five years, with a particular focus on the Nordic region.

BWB is currently investing from both BWB Partners I and BWB Partners II, which have committed capital of DKK 1.3bn and DKK 1bn respectively. Financial details of the transaction remain undisclosed, though at the time of raising its second fund in 2008, the GP stated its investment sweet spot was in the DKK 350-600m EV range, with equity cheques typically in the range of DKK 75-175m.

The GP (then known as Odin Equity Partners) renewed its investor base in 2015, repaying LPs that wished to exit its funds and receiving further commitments totalling DKK 380m. Having raised funds in 2004 and 2008, BWB's two vehicles were heavily skewed towards acquisitions made in the immediate run up to the global financial crisis and following recession.

Company
Founded in 1937 and headquartered in Bjerringbro, Holmris is an interior design and furniture manufacturing company focusing on offices, education facilities, healthcare facilities and hotels. It comprises four companies including Holmris, Labofa, Holmris.Designbrokers and 3R Kontor.

Holmris has a headcount of 260 across its factories in Bjerringbro and Vemmelev, and its showrooms and distribution centres in Køge, Løsning, Birkerød, Copenhagen, Oslo, Stockholm, London, Rotterdam and Boston. It generated revenues of DKK 678m in 2016, according to a statement issued by the acquirer, up from DKK 60m in 2011.

People
BWB Partners – Jesper Wadum Nielsen (partner).
Holmris Group – Henrik Holmris, Niels Henrik Lauritzen (CEOs).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Nordics
• Consumer
• Denmark
• BWB Partners