Erhvervsinvest acquires majority stake in Dykon
Denmark-focused small-cap GP Erhvervsinvest has acquired a majority stake in Dykon, a Danish producer of duvets and pillows.
The value of the deal is thought to be at least DKK 100m, according to Danish daily Børsen. The report also noted that Erhvervsinvest is to acquire 80% of Dykon.
With the fresh capital, Dykon intends to grow in its home market and abroad, as well as continue to develop its own brands in terms of quality and sustainability. Dykon notably collaborated with the Technical University of Denmark in 2017 to open a sleep lab to research conditions for better sleep by simulating it in a range of climates.
The GP's latest vehicle, Erhvervsinvest IV, held a final close on €196m in February 2017. Together with its previous funds (Erhvervsinvest I-III) the GP has raised DKK 3.4bn in total capital, according to Unquote Data. Erhvervsinvest does not have a strict sector focus but primarily invest in companies operating in the manufacturing and services industries.
Company
Established in 1947 and headquartered in Lunderskov, Dykon manufactures duvet and pillows. It focuses on high-quality down and feather duvets and pillows produced in Dykon's factory in Denmark.
Dykon runs six brands, including Ringsted Dun, Danica, Flora Danica, Sirius, Engmo Dun and Bergen Dun. The company employs 90 people in peak season.
People
Erhvervsinvest – Thomas Marstrand (managing partner).
Dykon – Peter Bøgh Petersen (CEO).
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