FSN Capital acquires majority stake in Gram Equipment

FSN Capital will offer the company financial and management resources to enable Gram Equipment to continue its global expansion.

The company grew by 15% annually over the past three years, tripling its earnings in the same period, according to the GP.
Danske Bank provided debt for the acquisition.

Previous funding
Procuritas acquired the ice-cream machines supplier in March 2010 via Capital Investors IV LP, valuing the business at less than €25m, according to unquote" data. The investor considered the market for ice-cream as a growth area.

Company
Founded in 1900 by Hans Gram, the company is a supplier of equipment and process installations for industrial ice-cream production. It established itself as Gram Equipment in 1999 and acquired US-based ice-cream freezing equipment manufacturer WCB Ice Cream in 2014.

Gram Equipment is headquartered in Kolding, Denmark, and employs a staff of 350. It posted revenues of DKK 650m in 2016 and forecasts a turnover of DKK 800m for 2017.

People
FSN Capital Partners – Thomas Broe-Andersen (partner).
Gram Equipment – Lasse Viegand Hansen (CEO).

Advisers
Equity – Alantra (corporate due diligence); Gorrissen Federspiel (legal); White & Case (legal); Bain & Company (financial due diligence).

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

• Topics
• Buyouts
• Nordics
• Industrials
• Denmark
• FSN Capital
• Alantra Private Equity
• White & Case