Dantherm HVAC sold to Procuritas Capital Investors V

Dantherm has sold its HVAC business and the EMEA part of its telecom business to private equity fund Procuritas Capital Investors V for DKK164m (€22m). The sale was forced by credit institutions to reduce debt. The acquisition will be made through a newly established Danish holding company.

“Under pressure from credit institutions, Dantherm has been forced to sell its HVAC business to a private equity fund for DKK164m (€22m). Both the company’s HVAC business and the EMEA part of its loss-making telecom business segment have been sold to the private equity fund Procuritas Capital Investors V.”

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