Procuritas acquires Byens Bilpleje

The deal is the second acquisition made from the GP's sixth buyout fund, Procuritas Capital Investors VI.

With the fresh capital, Byens Bilpleje intends to become a European market leader in automotive cosmetic care, and paint and maintenance services. It will focus on organic growth, as well as acquisitions of existing car care companies in Denmark and internationally.

The firm's two Danish directors will continue as co-owners alongside Procuritas.

Procuritas Capital Investors VI held a final close on its €318m hard-cap in May 2017 after seven months on the road, according to Unquote Data.

The fund is domiciled in Sweden and follows the same investment strategy as its predecessors, focusing on mid-market businesses mainly based in the Nordic market.

Company
Founded in 1997 and headquartered in Vejle, Denmark, Byens Bilpleje is a car care and maintenance service company. It employs a staff of 400 and services 130,000 cars a year. The company operates 60 workshops and posted an annual turnover of DKK 250m in 2017.

People
Procuritas – Mattias Feiff (partner).
Byens Bilpleje – Dennis Odgaard (founder, CEO); Morten Kollerup Nielsen (director, co-owner).

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• Topics
• Buyouts
• Nordics
• Consumer
• Denmark
• Sweden
• Procuritas