Nordic Capital sells Unifeeder stake to Danica Pension

Nordic Capital acquired Unifeeder in April 2013 in a secondary buyout from Montagu Private Equity, estimated to be worth €400m. The GP's investment was drawn from its Nordic Capital Fund VIII vehicle, which held its final close on €3.5bn in December last year, exceeding its expected €1.5bn first-close target.

Danica Pension stated it was attracted to the investment by the company's strong positioning in the Danish maritime industry.

When Nordic Capital acquired Unifeeder, the company operated exclusively in northern Europe. Under the GP's stewardship, it acquired United Feeder Services, a company that operates in the Mediterranean and Black Sea, in September last year. Unifeeder stated at the time that the acquisition made it the largest independent pan-European feeder and short sea operator.

Company
Established in 1977, Unifeeder is a shipping company that operates feeder and short sea services across Europe. The company transports containers between 80 regional ports in northern Europe, the Mediterranean, the Black Sea, north Africa and the Levant.

Unifeeder is headquartered in Aarhus, with local offices in Norway, Sweden, Finland, Poland, the UK, Germany, the Netherlands and Russia.

People
Jacob Aarup-Andersen is CFO of Danica Pension. Jesper Kristensen is CEO of Unifeeder. Kim Gulstad is a principal at NC Advisory.

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