Divestiture Jan 2016 · Denmark Verified
Dantherm sells HVAC business to PE fund Procuritas under creditor pressure
Under pressure from credit institutions to reduce debt, Danish company Dantherm sold its HVAC business (and the EMEA part of its telecom business) to private equity fund Procuritas Capital Investors V for DKK164m (€22m).
“DENMARK: Under pressure from credit institutions, Dantherm has been forced to sell its HVAC business to a private equity fund for DKK164m (€22m).”
Entities
Dantherm · Target Procuritas Capital Investors V · Sponsor
HVAC Sentiment: Negative
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