Maj Invest takes 70% stake in DK-Foods

Local financial newspaper Børsen reported that the GP paid around DKK 500m for the stake. Capital was drawn from Maj Invest Equity 4, a 2012-vintage vehicle with €160m in commitments.

The balance of equity will be retained by founders Steffen Ramsgaard and Per Fischer Larsen, as well as DK-Foods' management team.

Ramsgaard and Fischer Larsen's decision to sell was the result of wanting to secure the company's long-term future as none of the founders' children would be taking over after them.

Company
Headquartered in Thorning, on the Jutland peninsula in Denmark, DK-Foods is a maker of pepperoni, salami and chorizo toppings.

Founded in 2003, the company produces around 150 tonnes of sausage products a week, which is sold on the European business-to-business market. DK-Foods' products are mainly used by producers of frozen or chilled pizzas.

According to publicly available information, DK-Foods had EBITDA of around DKK 48m in the 12 months to May 2015.

People
Maj Invest Equity – Per Høholt (partner).
DK-Foods – Steffen Ramsgaard, Per Fischer Larsen (CEO, founder).

Advisers
Company – PwC (Corporate finance).

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• Topics
• Buyouts
• Nordics
• Consumer
• Denmark
• PwC