CataCap acquires majority stake in Rekom

The deal sees the GP take majority ownership of the business, while Rekom's CEO and management team continue in the company and will remain as shareholders.

Together with the group's current owners and management, CataCap plans on strengthening the organisation to prepare it for further expansion and enter new markets, both in and out of the Nordic region.

The deal is the first acquisition for CataCap in 2018 and the ninth investment overall for the Danish private equity investor, which was founded around six years ago.

The GP drew capital from its 2012-vintage maiden fund, Catacap I. The vehicle held a final close on DKK 1.1bn in September 2014.

Company
Founded in 2007 and headquartered in Copenhagen, Rekom owns and operates 77 bars and nightclubs in Denmark, Norway and Finland.

The firm employs 2,500 people and has six administrative offices. It expects a turnover of around DKK 500m and an operating profit of around DKK 100m in the current financial year.

People
CataCap – Vilhelm Hahn-Petersen (partner).
Rekom – Adam Falbert (CEO).

Advisers
Equity – Accura (legal); EY (financial & commercial due diligence).
Company – Deloitte (corporate finance); DLA Piper (legal).

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• Topics
• Buyouts
• Nordics
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• Denmark
• CataCap