Waterland buys Modstrøm Danmark

According to Danish news website Finans, the GP paid around DKK 200m for the business, the equivalent of €27m.

The company's CEO and co-owner, Anders Millgaard, will continue in his role, while other shareholders leave the business.  

The GP plans on accelerating Modstrøm's growth through consolidation and by providing hands-on strategic and operational support.

Company
Founded in 2008 and based in Copenhagen, Modstrøm Danmark sells electricity to more than 75,000 private and business customers throughout Denmark. In 2019, Modstrøm generated revenues of DKK 257m, and an EBITDA of DKK 30m. It employs around 130 staff, according to Danish website Finans.

People
Modstrøm Danmark – Anders Millgaard (CEO).
Waterland Nordic– Kaspar Kristiansen (managing director).

Advisers
Equity – Bruun & Hjejle (legal).

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• Topics
• Buyouts
• Nordics
• Denmark
• Small-cap buyout
• Waterland Private Equity