The Danish Private Equity Fund Capidea Invests in Budweg Caliper

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The Danish private equity fund Capidea has become the new majority shareholder in Budweg Caliper, and will thus take part in continuing the growth and development of the company in partnership with the management and other shareholders. Budweg Caliper was founded in 1978 by Henning Larsen and was prior to the transaction owned by the brothers Jan Uwe Larsen and Thomas Egon Larsen. Both will continue as managing directors and significant shareholders following the transaction.

Budweg Caliper has had an impressive growth and established a leading position in a growth market. The company is well invested and has significant growth potential, which is to be realized during the coming years”, says Thomas Egon Larsen, CEO in Budweg Caliper.

Thomas Egon Larsen continues: “We wanted to get an investor on board who could assist in developing the company and at the same time we wanted to start a partly generational change. Capidea has experience from a long list of companies, hereunder from the independent aftermarket, so we see a great match between Capidea and us”.

”Budweg Caliper has a strong position in a growing niche market and is driven on a solid foundation of highly competent and committed employees. Additionally, the company is well invested and has a good platform for additional growth based in the company’s facilities in Odense, Denmark. Budweg Caliper has great customer relations based on high quality products, a wide product range, high deliverability and good service. We look forward to taking part in the development of a very interesting company”, says Henrik Normann Karlsen, Associate Partner in Capidea.

PwC Corporate Finance acted as financial advisor to the sellers.

Source: http://www.capidea.eu/

 

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