Röko acquires majority stake in Dan-Form Denmark

The company's founder, Jørgen Mensen, will retain 10% of the shares, while CEO Sanne Protin will continue to own a 20% stake.

As part of the deal, Röko's chairman, Tomas Billing, will replace founder Mensen in the position of chairman.  

Swedish GP Röko is an evergreen fund manager focused on small and medium-sized businesses with enterprise values of €15-100m and EBITA of €2-10m. 

Röko has raised €270m in committed capital and its portfolio consists of seven companies, including Dan-Form Denmark. 

The company's CEO said in a statement that Dan-Form was keen to find an investor that would allow it to continue in its current form on a daily basis, and Röko's objective to never sell a company was reassuring. 

Röko declined to comment. 

Company
Founded in 1992, Dan-Form designs and produces furniture, including dining and office chairs, barstools, armchairs, lounge chairs, and tables. 

The company exports its designs to more than 50 countries, to customers including design stores, retail chains, architects, hotels, restaurants and bars. It employs fewer than 50 staff, according to its LinkedIn page. 

People
Dan-Form Denmark – Jørgen Mensen (founder); Sanne Protin (CEO).
Roko – Tomas Billing (chairman).

Advisers
Company – Deloitte (financial due diligence).

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• Topics
• Buyouts
• Nordics
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• Sweden
• Deloitte
• Small-cap buyout