Montagu acquires DEAS from PKA and Sampension

The acquisition was made through Montagu's fourth fund, and will see the GP wholly secure DEAS from the Danish pension funds.

Partner at Montagu Mads Hansen told unquote" the GP had been tracking DEAS for a few years ahead of the transaction.

DEAS's new owner said it saw good potential for further growth in the company – it expects the Danish property management market to grow strongly, driven by increasing property demand in the country and a shift towards a more diversified property market.

Company
DEAS was founded in Copenhagen in 1989, when PKA spun out its property management activities. Today, the company provides property management and services for residential and commercial properties, as well as realtor and facility services.

PKA had hitherto been the majority shareholder since the company's inception, with Sampension acquiring a stake in 2002.

DEAS has 1,000 clients and manages 2,100 properties, and had revenues of DKK 416.7m in 2014.

People
Montagu Private Equity partner Mads Hansen worked on the deal for the GP. Henrik Dahl Jeppesen is the CEO of DEAS. Michael Nellemann Pedersen is the chief investment officer of PKA and Hasse Jørgensen is the CEO of Sampension.

Advisors
Equity – LETT (Legal); White & Case (Legal)

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• Topics
• Nordics
• Financials
• Buyouts
• Denmark
• Montagu Private Equity