Sale of Monarch by Dansk Erhvervsudvikling to SSP
ATRIUM Partners advised Dansk Erhvervsudvikling and Monarch
Sale of Monarch by Dansk Erhvervsudvikling to SSP
Sector(s) : Services and B to B
Date : December 2007
Advisor(s) : Atrium Partners
Advised : Sell Side
Mid-Capital partner ATRIUM Partners advised Dansk Erhvervsudvikling and Monarch
ATRIUM Partners acted as financial advisor to the shareholders of Monarch A/S, Dansk Erhvervsudvikling, as well as the management of Monarch A/S in connection with the sale of Monarch A/S to Select Service Partner (SSP).
Monarch A/S runs 14 high-way restaurants in Denmark named Monarch and a single restaurant named Milestone. Furthermore Monarch A/S runs restaurant- and catering facilities as well as shops in the airports of Århus og Aalborg. Finally the company acts as administrator for Hotel Antvorskov situated at Slagelse. In 2006 Monarch A/S had a yearly turnover of approx. DKK 155 million.
SSP intent to develop Monarch A/S further in cooperation with the current management and staff. It is SSP’s purpose to focus on the development of food assortment as well as the standards of service in Monarch A/S. With the acquisition of Monarch A/S SSP emphasizes its position as market leader within the Danish restaurant business.
Back to search