Nordic Capital exits Kompan

The deal will see private investor Christian Dyvig acquire 57% of the company and the PFA pension fund taking a 28% stake. Dyvig will become the new chairman following the deal, a position he also held between 2009-2011.

Nordic reportedly reaped a 4.5x return on its original investment.

Kompan CEO Connie Astrup-Larsen and supply chain director Jesper Egelykke Jensen are acquiring 10% and 5% of the company, respectively. Additional executives will also be offered shares. PensionDenmark is contributing with a long-term loan and Nordea is providing senior debt.

Nordic Capital acquired Kompan for close to €99m in March 2005 via its fifth fund. During Nordic Capital's holding period, the GP moved production from Denmark to the Czech Republic and completed 14 add-on acquisitions, while Kompan's EBITDA tripled.

The new owner group will continue to expand the company, primarily in the major European markets but also in Asia, the US and the Middle East.

Company
Headquartered in Odense, Denmark, Kompan has sales and representative offices in 20 countries in Europe, the US, Asia/Pacific and the Middle East. The production and logistics centre is located in the Czech Republic, and the company also has facilities in Germany and Sweden. The company's products are sold to childcare centres, schools, international fast-food chains and public services.

Kompan's new playground concept features playgrounds based on Hans Christian Andersen's fairytale themes, combining a digital platform with educational concepts and virtual games. The group has around 750 employees and posted a turnover of DKK 1.3bn in 2013.

People
Michael Haaning led the deal for Nordic Capital. Connie Astrup-Larsen and Christian Dyvig are the CEO and new chairman of Kompan, respectively.

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