Capidea in DKK 250m Klokkerholm Karosseridele exit

The transaction sees Swedish industrial components group Indutrade wholly acquire Klokkerholm, including Capidea's 70% stake. Local media reports value the deal at around DKK 250m.

Under Capidea's stewardship, the company focused on growing sales and earnings, in part through expanding its business in the aftermarket parts segment.

For Indutrade, the bolt-on of Klokkerholm Karosseridele forms part of an acquisition spree that has seen the group add fellow Danish industrial business Senmatic earlier in 2016 and Swedish parts maker Professional Parts last year.

Previous funding
Capidea acquired Klokkerholm Karosseridele in November 2011, tapping its 2006-vintage DKK 750m Capidea Kapital I fund.

The buyout saw the GP take a 70% stake in the company, with Klokkerholm Karosseridele's founders and management holding the balance of shares.

Company
Headquartered in Klokkerholm, Klokkerholm Karosseridele is a manufacturer and distributor of car body parts.

The company operates primarily in the Scandinavian and European markets for after-market spare parts.

The business employs a staff of 110 across its three offices and had revenues of DKK 250m last year.

People
Capidea – Erik Balleby Jensen (CEO).
Klokkerholm Karosseridele – Kim Weidemann (CEO).

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• Trade sale