Via Venture acquires EnviDan

The deals saw Via acquire the stakes of two of EnviDan's three founders, Simon Boel and Jan Tryk, while Søren Brønd retained his stake in the company. Jan Tryk will step down as chair of EnviDan's board following the completion of the transaction.

Via's acquisition was the culmination of several years' work by the founders to complete a generational change in the company. Current CEO Morten Fjerbæk, who will continue following the MBO, was appointed to head EnviDan in 2012 as part of the succession plan.

EnviDan's management and key employees will invest alongside Via.

The GP was attracted to the company's financial performance, and expects to see substantial consolidation and growth in the environmental services sector over the coming years.

Via's acquisition was made through its 2010-vintage second fund, the DKK 1bn Via Venture Partners Fond II, which has ATP as its main LP and focuses on investments in Danish SMEs with revenues of DKK 75-750m.

Company
EnviDan is a Danish environmental services group focusing on engineering and software products related to water, wastewater and biogas.

Headquartered in Silkeborg, the company employs 175 people across three additional offices in Denmark and two in Sweden. It also has a presence in Malaysia.

EnviDan posted revenues of DKK 190m and EBITDA of DKK 16m in the 2014/15 financial year.

People
Jakob Rybak-Andersen is a partner at Via. Morten Fjerbæk is the CEO of EnviDan. Simon Boel and Søren Brønd founded EnviDan alongside outgoing chairperson Jan Tryk.

Advisers
Equity – Clearwater International, Jakob Tolstrup Kristensen, Jesper Agerholm (Corporate finance).

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• Nordics
• Buyouts
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• Via Venture Partners
• Denmark
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