Experts in M&A

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Financial advisor to Adelis Equity on the acquisition of four companies that form Circura Danmark

THE DEAL

Adelis Equity Partners and four entrepreneur-led companies — Arne Pedersen A/S, Lundbæk & Hansen Bygningsforbedring A/S, LKA Entreprise A/S, and Egon Olsen & Søn A/S — have joined forces to create Circura Danmark, a leading provider of rehabilitation services in Denmark with 400 employees and an annual revenue of c. DKK 750 million.

INSIGHT

Circura Danmark will operate as a decentralized group, with each company maintaining its name, local presence, and leadership while benefiting from collaboration, shared expertise, and extensive industry experience. “We see great potential in driving the consolidation of well-run entrepreneurial-led companies with stable earnings and focus on rehabilitation projects and service work as well as close customer relations. Through cooperation, the companies can obtain synergies and develop their competitiveness, making Circura Danmark stand out very clearly from the other players in the Danish market,” say Erik Hallert and Jesper Bahlke at Adelis. “Together, we will have an even higher competency level and a wider and stronger service offering to the benefit of our customers. We are maintaining the local presence and look forward to pursuing growth opportunities together. At the same time, we will jointly take on the task of developing and improving the important efforts within the sustainability field,” says Kim Pedersen (CEO, Arne Pedersen) and Kim Hansen (CEO, Lundbæk & Hansen). “We are looking forward to the cooperation in Circura Danmark and drawing on our common knowhow, experience and competencies across the companies when we work for our customers with the same sharp focus on quality and accountability, which have always been key to us,” says Kenneth Valentin (CEO, LKA Enterprise) and Michael Hoff-Møller (CEO, Egon Olsen)

Financial advisor to CHISA on the sale to HVD Group, backed by Adelis and EQT

THE DEAL

CHISA, a Danish-based SaaS company providing project management software to contractors in Denmark and Norway, has been acquired by HVD Group, a leading provider of SaaS solutions for craftsmen and the construction industry backed by EQT and Adelis.

INSIGHT

As part of HVD Group, CHISA will continue its growth journey, providing efficiency, clarity, and value for the construction industry. “Becoming part of HVD Group is a great opportunity for CHISA. With access to extensive industry experience and resources, we can strengthen our platform and deliver even more value to our customers. Together we will create smarter, more integrated solutions to meet the changing needs of the construction industry.“ Says Claus Navntoft, CEO of CHISA A/S “We are proud to welcome Chisa to the HVD Group family,” says Mikael Viotti, CEO of HVD Group. “Chisa’s strong presence in the Danish market and their expertise in project management perfectly complement our existing offering. Together, we can not only better meet our customers’ needs but also deliver innovative solutions that simplify workflows and create long-term value for the construction industry.”

Financial advisor to Danespo on the carve-out of the ware potato activities to Njord Kartofler

THE DEAL

Danespo, one of Northern Europe’s leading companies in the breeding, production and sales of high-quality seed potatoes, has divested its ware potato activities to Njord Kartofler, a Danish family-owned company.

INSIGHT

Danespo was founded in 1991 and is headquartered in Give, Denmark. The company employs approximately 100 employees across Denmark, Germany and the Netherlands, Danespo exports seed potatoes to more than 40 countries worldwide. Danespo is owned by DLF Seeds, a global seed company headquartered in Roskilde, Denmark and Florimond Desprez Group, which is an independent family-owned French company operating in 65 countries.

Financial advisor to the owners of TRAEDE on the sale to Duett backed by Accel-KKR

THE DEAL

TRAEDE, the Danish-based software company providing cloud ERP solutions to brands, wholesalers and retailers across the Nordics has been acquired by Duett Software Group (DSG), a leading provider of cloud-based accounting, ERP and financial management software solutions.

INSIGHT

Through the partnership with Duett Software Group, TRAEDE will continue its growth journey and keep delivering impactful solutions for fashion brands and product owners. According to Erik Harrell, CEO of Duett Software Group, the acquisition marks DSG’s commitment to the e-commerce and retail verticals, reinforcing its growth strategy in Norway and across the Nordic region. Duett intends to integrate TRAEDE’s powerful tools into DSG’s portfolio, providing a combined offering, which provides existing and future customers with broader, end-to-end solutions that streamline business operations and enhance scalability. “This acquisition is a natural next step in our journey as we build leading positions in verticals across the Nordics that complement our existing product offerings and serve the evolving needs of our customers”, says Erik Harrell. Christopher Heilmann, CEO of TRAEDE, comments: “This marks an exciting new chapter for our company, as we join forces with a leading provider of advanced software solutions. Our shared vision for innovation, customer success, and growth will propel us forward, allowing us to deliver even greater value and cutting-edge solutions to our clients. The TRAEDE team will continue to operate with the same passion, dedication, and commitment to excellence that you’ve come to expect from us. Together with Duett Software Group, we will enhance our capabilities, broaden our offerings, and make an even bigger impact in the industry.”