Listed Swedish Private Equity Group Ratos AB invests in Danish airteam
Clearwater International Denmark acted as financial adviser to the owners of airteam A/S in the sale to Ratos AB, management and key employees. The purchase price (enterprise value) for 100% of the company amounts to approximately DKK 575m (€77m).
airteam was founded in 1998 by the three Sellers and has consistently grown to become one of the leading providers of ventilation solutions for both private and public customers in Denmark. The success of airteam is built on a highly skilled and competent management team as well as an organisation with a high level of technical know-how and best-in-class project management. Combined with a business model based on effective procurement and outsourced mounting and installation, airteam has built a very successful and scalable business. Today, airteam has 150 employees and reported sales of DKK 448m (€60m) and EBITA of DKK 62m (€8m) in the last fiscal year-end September 2014/15.
Ratos AB will acquire approximately 70% of the shares in airteam, while the remaning 30% will be held by management, founders and key personnel. Founder and CEO Poul Pihlmann will remain as one of the main shareholders and CEO.