Adelis sells NGI to trade buyer Habasit

The GP sold its stake in NGI to Switzerland-based Habasit, a manufacturer of light conveyor and power transmission belts.

The company's current CEO, Jan Nygaard, will continue in his role in the management team as well as a shareholder following the close of the deal.

NGI marked the first investment in Denmark for Adelis, which acquired the firm in January 2014 via its Adelis Equity Fund I.

Company
Founded in 1991 by Knud Nygaard and based in Nørresundby, Denmark, NGI serves the food and pharmaceutical industries and has a particular expertise in the development and manufacturing of certified hygienic products.

People
Adelis – Steffen Thomsen (partner).
NGI – Jan Nygaard (CEO).
Habasi – Andrea Volpi (CEO).

Advisers
Company – Horten Advokatpartnerselskab (legal); EY (corporate finance).
Equity – Kromann Reumert (legal).

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• Topics
• Exits
• Nordics
• Industrials
• Denmark
• Adelis Equity Partners
• Trade sale