CapMan exits INR to Dansani

The transaction is expected to close within two weeks, and will raise Dansani's annual revenues to more than DKK 500m (€67m) following the acquisition.

Dansani CEO Carsten Friis will take over as CEO of the merged company, while INR CEO Per Skårner will step down but stay on as a board member.

The merged company aims to expand beyond Scandinavia and into markets in central Europe. 

Previous funding
In 2010, CapMan invested £25.5m in INR through its Buyout IX fund, and also merged INR with Aspen. In 2009, the two companies had a combined turnover of approximately €30m.

During CapMan's holding period, INR acquired Finnish shower equipment provider Sanka.

Company
Founded in 1988 and based in Malmö, INR designs and manufactures showers and bathroom equipment. It was initially concentrated in Sweden but now has operations in all four Nordic countries. INR's net sales were SEK 402m in 2019. The company employs 115 people.

People
INR – Per Skårner (CEO).
CapMan – Johan Pålsson (co-managing partner).
Dansani – Carsten Friis (CEO).

Advisers
Vendor – Livingstone (financial due diligence); Bird & Bird (legal).

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