Acquisitions in North Jutland Region, Denmark

J.F. Lehman & Company (JFLCO) has acquired a majority shareholding in W.S.S. Holding A/S and its subsidiaries (Wrist), partnering with current sponsor Altor Equity Partners and Wrist’s management, who will remain significant shareholders. Headquartered in Aalborg, Denmark, Wrist is a global maritime supply and logistics provider with ~2,275 employees operating across 35+ locations and serving 750+ ports; JFLCO will support the company’s growth, digitalization and global supply network expansion.

Private Equity at Goldman Sachs Alternatives has agreed to acquire a majority stake in Trackunit from funds advised by Hg and GRO Capital, with Hg reinvesting alongside Goldman Sachs. Trackunit, a Denmark-headquartered SaaS and operating data platform for the construction ecosystem, will receive capital and strategic support to accelerate product development, international expansion and innovation; the deal is subject to customary regulatory approvals and expected to close in early summer.

London-based private equity firm Duke Street has agreed to acquire Agito Medical from Philips. Agito, based in Aalborg, Denmark, supplies mobile imaging rental solutions, preowned imaging equipment and spare parts across Europe; Duke Street plans to inject capital to grow the fleet and workforce and further scale the business across international markets.

Kingspan Group has agreed to acquire LOGSTOR, a Denmark-based market leader in pre-insulated pipe systems, from funds advised by Triton for an enterprise value of approximately €253 million. LOGSTOR (revenue ~€244m, EBIT €28m, ~1,260 employees) will join Kingspan to expand its technical insulation and energy-infrastructure offering; the deal signed March 23, 2021 and completed June 22, 2021, subject to customary approvals.