Clearwater International advises BWB Partners on the sale of a majority stake in Pedax to I.BL Holding
Clearwater International has advised BWB Partners (BWB) on the sale of 70% of the shares in Pedax GmbH (Pedax), a German manufacturer of bending and cutting equipment for reinforcing steel, to I.BL Holding A/S (I.BL), a Danish principal investment company.
BWB, headquartered in Kokkedal, Denmark, is an independent owner-led investment firm investing in small and medium-size companies. It was founded in 2015 in connection with the reorganisation of the former Odin Equity Partners funds.
Pedax, headquartered in Bitburg, Germany, is one of the world’s leaders in the development and manufacture of bending and cutting equipment for reinforcing steel with subsidiaries and branches in Denmark and Australia. Founded in 1997, by the merger of two companies, Stema Engineering in Kvistgaard, Denmark, and Peddinghaus in Bitburg, Germany, Pedax Bitburg Maschinenbau GmbH took over the activities of the former Peddinghaus Bitburg.
I.BL, headquartered in Hellerup, Denmark, and founded in 1985 by Ivan Bjerg-Larsen, is a Danish investment company focussed on investing in real estate and companies both in the start-up and established phases. The investment firm utilises financial and control capabilities to support business development.