Ratos acquires Airteam in DKK 575m MBO
Swedish listed GP Ratos has acquired a 70% stake in Danish ventilation services company Airteam in a DKK 575m buyout.
The fund will provide DKK 250m of equity in the deal, though the final amount is based on the net debt of Airteam when the deal closes, which is expected to happen at the beginning of Q2.
The company's management and the founding Söderberg family will retain a combined 30% stake in Airteam, alongside key employees. CEO Poul Pihlmann will remain in place at the helm of the company after the change of control.
Company
Aarhus-headquartered Airteam is a ventilation services provider, offering project development and management as well as procurement for building construction.
The company also offers maintenance services for installed ventilation.
Founded in 1998, the 150-strong business had revenues of DKK 448m and EBITDA of DKK 62m in the fiscal year to September 2015.
People
Ratos – Susanna Campbell (CEO).
Airteam – Poul Pihlmann (CEO).
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