BWB Partners acquires Impreg

The buyout follows the December announcement of Odin's relaunch as BWB Partners, having recapitalised Odin's funds, returned LP commitments to most of the GP's original backers and brought in new investors.

BWB acquired its majority stake from founder and CEO Ivan Bjerg-Larsen and his family.

Jacob Bergenholtz, a co-founder and managing partner at BWB, said the deal was sourced through a direct approach of the company. The GP had been in contact with Bjerg-Larsen over an extended period of time, with increasingly formal talks over the past 12 months.

Bergenholtz said he sees strong organic growth potential for the company in the European, Asian and North American markets, as well bolt-on acquisition opportunities for Impreg.

Leverage for the deal is being provided in the form of a senior debt package from Sydbank and a mezzanine loan from Pensam.

Company
Hellerup-headquartered Impreg provides glassfibre products for renovation of underground sewage and wastewater pipes.

Founded in 1999, the company specialises in products that enable the renovation of pipes without the need to dig them up.

Impreg employs a staff of 100 across its headquarters in Hellerup, a production facility in Germany and sales offices in Düsseldorf, Chicago and Shanghai.

People
BWB Partners – Jacob Bergenholtz (managing partner)
Impreg Group – Ivan Bjerg-Larsen (founder, CEO)

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