Silverfleet's 7days bolts on Praxis Herning

The transaction marks the first instalment in the German company's international acquisitive growth strategy under Silverfleet. It comes a year after the GP acquired the business in a secondary buyout from Odewald KMU for an undisclosed sum.

As part of the deal, Praxis Herning managing directors Jesper Rasmussen and Søren Wortmann will continue to manage the business and acquire a stake in the consolidated group.

Silverfleet is invested in 7days via Silverfleet Capital Partners II, an €870m vehicle that held a final close in June 2015.

Company
Founded in 1995 and headquartered in Herning, Praxis Herning supplies medical workwear including tunics, polo shirts, trousers, and shoes to the Nordic healthcare sector.

People
Silverfleet Capital - Joachim Braun (partner).
7days - Carsten Meyer, Ulrich Dölken (co-managing directors).
Praxis Herning - Jesper Rasmussen, Søren Wortmann (managing directors).

Advisers
Equity - McDermott (legal); Moalem Weitemeyer Bendtsen (legal); Latham & Watkins (tax); Shearman & Sterling (legal); Deloitte (financial due diligence, tax).

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

• Topics
• Portfolio management
• DACH
• Nordics
• Consumer
• Support services
• Denmark
• Silverfleet Capital
• Latham & Watkins
• Deloitte
• McDermott Will & Emery
• Build-up