Capidea exits Union Engineering

The company has been sold to US industrial group Pentair, which plans to use Union Engineering technologies to improve its operations in the industrial gas, beverages and biogas sectors.

Capidea first invested in the firm in 2010 for an undisclosed amount. This deal marks the seventh exit from its first fund, which now has one holding left: Danish fashion company Numph.

Capidea's second fund Capidea Kapital II had its final close in March 2012, raising £76m. It is currently invested in seven companies.

Capidea’s investors include private individuals, blue chip companies and institutional investors, all of whom are Danish.

Company
Union Engineering's main activities are engineering, procurement, construction and maintenance of modular and individually designed CO² plants. It has sales offices in China, Brazil and the US.

People
Capidea – Jens Thøger Hansen (partner).
Pentair – Daniel Stirpe (vice-president)

 

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• Topics
• Exits
• Nordics
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• Trade sale
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