Apax France-backed AEB buys Danmil

Michael Lindh, managing director and member of the founding family, will stay on with the business and partner with the AEB management team.

Following this acquisition, AEB, which specialises in biotechnology for the wine industry, plans to strengthen its offering by adding complementary microfiltration products, expand its position in the Nordic countries and accelerate its penetration in the filtration market for wine, beer and soft drinks.

Apax Partners wholly acquired AEB from US-based GP SK Capital in September 2018, in an SBO that valued the company within the €200-300m range. The GP invested via its Apax France IX fund, which closed on €1bn in March 2017 and backs businesses valued at up to €500m.

Company
Established in 1986 and headquartered in Greve Strand, Danmil specialises in manufacturing industrial and hydraulic filters for the pharmaceutical, medical equipment, chemical, beverage and wine industries. In addition, the company offers digital solutions, such as RFID (Radio Frequency Identification) chips on filters. Danmil generated revenues of €9m in 2018 and recorded 15% annual growth over the past two years.

People
Apax Partners - Bertrand Pivin (partner).
AEB - Mario Tomasoni (CEO).
Danmil - Michael Lindh (managing director).

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• Topics
• Expansion
• Industrials
• Nordics
• Southern Europe
• Apax France SA
• Italy
• Denmark
• Build-up
• Buy-and-build