Verdane’s Acquisition of Jupiter Bach And Polytech
Jan 21, 2021
Kromann Reumert has assisted private equity firm Verdane. To further enhance the value creation in its 2013-vintage fund Verdane Capital VIII K/S and an associated co-investment vehicle, Verdane Capital VIII Winds SPV K/S, Verdane has established a new vehicle, Verdane Capital 2020. The new continuation vehicle provides additional time and capital to address further value creation opportunities in three assets, two of which have a strong sustainability angle as suppliers to the global wind turbine industry. The companies being transferred into the new vehicle are Polytech, a global leader in lightning protection systems and leading edge protection for wind turbines; Jupiter Bach, a global leader in nacelle and spinner covers for offshore wind turbines; and Bellman Group, a full-service provider of field-related works required for construction of crucial infrastructure and buildings. Polytech and Jupiter Bach are headquartered in Denmark, while Bellman Group is headquartered in Sweden. Verdane is a specialist growth equity investment firm that partners with ambitious Northern European tech-enabled businesses to help them reach the next stage of international growth. Verdane’s eight funds hold €2.1bn in total commitments and have made over 120 investments into category leaders in digital consumer, energy & resource efficiency and software businesses. The Kromann Reumert team included Jakob Hans Johansen (Picture), Kim Rasmussen, Kumaran Thavarajah, Michael Nørremark, Anne Cathrine Dahlgaard Hansen, Daniel Loft and Peter Schiøler Skaaring.