14th October 2011
Capidea acquires a controlling interest in Klokkerholm Karosseridele A/S
Through Cap KK Invest A/S Capidea acquires 70 percent of the shareholding in Klokkerholm Karosseridele A/S. The present main shareholder, Klokkerholm Holding A/S, sells its block of shares to Cap KK Invest A/S, which is 100% controlled by Capidea. The present Chairman of the Board Mr. Benny Balle Jensen and the present Managing Director Mr. Søren Juhl will continue as Chairman and Managing Director respectively as well as shareholders in the company.
Chairmand of the Board Mr. Benny Balle Jensen says: "Klokkerholm Karosseridele A/S has a strong position within the independent market for body car parts. We have made significant investments in acquisitions and in warehouse and production facilities in the recent years. The company has potential for further growth, i.a. in Central and Eastern Europe. We are confident that we have found the right partner in Capidea, who has the capital as well as networks helping to support us in further developments to the benefit of our customers, employees, and shareholders.”
Managing Director Mr. Søren Juhl adds: “I look forward to continuing the strong development of Klokkerholm in cooperation with the new main shareholder. Through the acquisition of Nordjysk Reservedelslager A/S and substantial investments in Klokkerholm we have created a foundation for further growth in the coming years, i.a. in Eastern Europe. Our turnover and earnings have grown the recent years and we are thus one of the companies that have managed well through the crisis . As Managing Director I look forward to continuing the positive development of Klokkerholm Karosseridele A/S in the future. "
Partner in Capidea Mr. Erik Balleby Jensen says: "Klokkerholm Karosseridele A/S is a well-managed company with a strong market position and good earnings. We invest with confidence in the strategy and vision for the future development which the management has presented to us." Mr. Erik Balleby Jensen adds "We will support the company in the future to expand further. With our experience, network, and capital resources we can support Klokkerholm Karosseridele A/S in this process." About Klokkerholm Karosseridele A/S
Klokkerholm Karosseridele A/S is a leading Scandinavian distributor of auto body parts to the independent aftermarket for car parts. The wide product range and leading Northern European position within production and sales of rust parts make the company to an attractive partner for other distributors, chain stores and garages. The company has warehouse and production facilities in Denmark and warehouse facilities in Sweden. The company employs approx. 100 persons. Read more about Klokkerholm Karoseridele A/S on www.klokkerholm.com/.
About Capidea
Capidea is a Danish private equity fund undertaking long-term investments in competitive small and medium sized Danish companies with growth potential. Capidea was established in November 2006 and has a total capital commitment of DKK 750 million.
Besides institutional investors a number of well managed companies and skilled business leaders are amongst Capidea’s investor group and actively take part in Capidea’s the network. Capidea invests in companies within manufacturing, trading, distribution, and service. Capidea has undertaken investments in eight companies with a total revenue exceeding DKK 3 billion. In January 2011 Capidea divested its shareholding in EET Nordic Group A/S and seven companies form the present portfolio consists of seven companies.
For further information please see www.capidea.dk/.