Sale of the majority holding Zone owned by Daniel Holding to Procuritas
ATRIUM Partners advised TOPO Holding and Daniel Holding
Sale of the majority holding Zone owned by Daniel Holding to Procuritas
Sector(s) : Consumer goods
Date : September 2006
Advisor(s) : Atrium Partners
Advised : Sell Side
Mid-Capital partner ATRIUM Partners advised TOPO Holding and Daniel Holding
ATRIUM Partners acted as financial advisor to Daniel Holding, owned by Kim Krull Jørgensen and TOPO Holding, owned by Poul Jepsen, in connection with their sale of the majority holding in Zone Company Denmark to the private equity company Procuritas. Poul Jepsen continues as CEO and shareholder of Zone Company Denmark.
Zone Company Denmark is one of Scandinavia’s leading distributors of interior products for hardware-, furniture- and trend-stores. The company is an international trade and design company and has franchise stores, primarily concentrated in the Middle East, Asia and Southern Europe.
Procuritas’s acquisition of the majority holding opens up new international possibilities, and Zone Company Denmark intends to take advantage of their already strong platform for further profitable growth, with among others, the creation of a strong international brand and franchise chain in and outside of Europe. The transaction is completed as a sale of 100% of their shares to Procuritas by the two owners TOPO Holding (50%) and Daniel Holding (50%), at which point TOPO Holding will recover a significant shareholding, leaving Procuritas with a decisive majority holding part in Zone Company Denmark.
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