Acquisition of Dangaard Telecom by Nordic Capital
ATRIUM Partners advised Nordic Capital
Acquisition of Dangaard Telecom by Nordic Capital
Sector(s) : TMT
Date : June 2006
Advisor(s) : Atrium Partners
Advised : Buy Side
Mid-Capital partner ATRIUM Partners advised Nordic Capital
ATRIUM Partners acted as financial advisor to the private equity fund Nordic Capital in connection with the acquisition of Dangaard Telecom Holding A/S from Debitel, Beishein Holding and Fleggaard Holding. The acquisition is structured as a management buy out in cooperation with the current management.
ATRIUM Partners has had a continued dialogue with Dangaard Telecom Holding's management for several years and when a possible change of ownership was pending ATRIUM Partners was natural conversation partner.
Dangaard Telecom Holding is Europe's largest, and the world’s second largest, distributor of mobile phones and achieved a turnover of EUR 1.6 billion (Approx. DKK 12 billion) in 2005.
Dangaard Telecom is represented in 14 countries within Europe and the Middle East.
Nordic Capital and Dangaard Telecom Holding's management will continue the geographical expansion, e.g. in Emerging markets. The company will also focus on Smart Phones due to the increasing convergence of mobile phones and other digital media (computers, cameras, mp3 players etc.).
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