Industri Udvikling invests in Tenax Sild

The investment was made through the GP's Industri Udvikling IV fund, which closed last year on DKK 500m and invests DKK 5-20m equity tickets for 30-40% stakes in small and medium-sized Danish companies.

Tenax CEO Michael Pedersen and CFO Marianne Skov will invest alongside the GP.

The deal was arranged as a result of Tenax's January acquisition of competitor Lykkeberg, following which the company had sought an equity partner to support future growth of the new group.

Company
Tenax Sild is a Danish company that makes fish-based food products, such as pickled herring, fishcakes, and fish roe. It sells its products to the food service industry as well as retailers.

Headquartered in Nyborg on Funen, the company was founded in 1987 and employs around 50 people.

People
Industri Udvikling's Ronnie Møller-Thorsøe led the deal for the GP. Michael Pedersen is the CEO of Tenax Sild.

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• Topics
• Nordics
• Expansion
• Consumer
• Denmark
• Minority investing