Maj Invest exits JKF Industri
Paris-listed manufacturing firm Groupe SFPI has acquired JKF Industri, a Danish industrial dust extraction components business, from private equity investor Maj Invest and minority shareholders.
SFPI acquired a majority stake of 98% in JKF from the vendors.
The financial details of the deal were not disclosed. However, the purchase price (net cash) was calculated on the basis of a multiple of around 7.5x EBITDA. The operation was financed through a bank loan.
Maj Invest acquired its majority stake in JKF in 2012 for £15m, via its LD Equity 3 fund.
Company
Founded in 1957 in Hadsund, Denmark, JKF manufactures equipment for industrial dust extraction in various types of industries. In 2016, the company reported sales revenues of €33m and an EBITDA margin of 11%. It manufactures on three sites, located in Denmark, Poland and Malaysia.
People
Groupe SFPI – Henri Morel (CEO).
JKF Industri – Kim Bomholt Nielsen (CEO).
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