FSN acquires Impreg from BWB Partners

The transaction is still subject to approval from the competition authorities. The existing management team will reinvest alongside FSN Capital and continue to own a material stake in the business.

FSN intends to support the company's global expansion programme and further develop its service offering.

The GP is currently deploying equity from FSN Capital V, a €1bn buyout vehicle that targets mid-market companies in Scandinavia and Finland with enterprise values in the SEK 500m-3bn range, according to Unquote Data. The fund deploys tickets of €30-130m.

Previous funding
In 2016, Danish private equity firm BWB acquired a majority stake in Impreg from founder Ivan Bjerg-Larsen and his family.

Company
Founded in 1999 and headquartered in Hellerup, Impreg is a manufacturer of pipe liner systems for trenchless pipe rehabilitation. In recent years, the company established its own manufacturing facilities in China and the US, ensuring a presence in the Asia-Pacific and North American markets. The group employs 194 people and generates revenue of €49m.

People
Impreg Group – Søren Knudsen (CEO).
FSN Capital Partners – Robin Mürer (partner).

Advisers
Equity – Alantra (corporate finance); Bub Memminger & Partner (legal); EY Parthenon (commercial due diligence); Telescope Capital (commercial due diligence); EY (financial due diligence); Implement Consulting (operational ​​due ​​diligence); JLT Marsh (insurance due diligence).

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• Topics
• Buyouts
• Industrials
• DACH
• Exits
• Denmark
• FSN Capital
• BWB Partners
• Secondary buyout