Blue Equity acquires 40% stake in DTK Group

The company's founders, Susanne and Peter Provstgaard, have sold a part of their stake to Blue Equity while retaining 20% ownership. The remaining 40% of the company will be owned by CEO Steen Sørensen.

Danish daily Borsen reported that the deal values the company at more than DKK 100m (€13.4m), and that the company reported a 2019 turnover of DKK 500m, the equivalent of €67m.

The GP is currently deploying equity from its second fund, Blue Equity II, which held a final close in 2017 on DKK 707m. The vehicle typically invests in small and medium-sized Danish companies with revenues of DKK 25-250m, focusing on companies benefiting from global mega-trends.

In a translated press release, co-founder Susanne Provstgaard said that the GP shared the company's values and provided the right foundation to strengthen business development in existing business areas, improve organisational and digital competencies, and increase investment in new business areas.

Company
Founded in 1991 and based in Padborg, DTK comprises several companies that specialise in warehousing, logistics and transport services for businesses in the Nordic and eastern European regions. According to Borsen, the company in 2019 generated revenues of DKK 500m. 

People
DTK Group – Steen Sørensen (CEO).
Blue Equity – Thomas Bonde (partner).

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• Topics
• Buyouts
• Nordics
• Denmark
• Mid-market buyout