
KKR buys 30% of Sector Alarm
KKR has acquired a 30% minority stake in Norwegian security company Sector Alarm.
The transaction is being drawn from KKR European Fund V, a buyout fund currently in the market with a €5bn target.
The GP has a track record of investing for significant minorities alongside founder owners, and recently completed another minority investment in the Nordic region with the acquisition of a stake in Söderberg & Partners in February.
Jorgen Dahl, CEO and founder of the company, will remain as the controlling shareholder and CEO of the company.
Company
Sector Alarm is headquartered in Oslo and was founded in 1995. It installs security systems for home owners and small businesses across Europe and generated sales of €240m in 2018. The most recent financial available suggest that the company generated sales of more than NOK 4bn and EBIT of some NOK 266m in 2017 (50% up on the previous year) and local press suggested a company valuation of over NOK 8bn in Q3 2018.
People
Sector Alarm – Jorgen Dahl (CEO).
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