Copenhagen (Denmark), 29 January 2015 - Funds advised by Triton ("Triton") today announced the sale of DSVM, a leading provider of transportation, logistics and environmental solutions as well as raw materials for the building & construction industry in Denmark and Sweden, to the Danish financial institutions FIH, PKA and LD. The parties have agreed not to disclose the purchase price.
Since Triton's acquisition in 2004, the management and board of DSVM have executed a number of initiatives to improve the company which operates today through seven subsidiaries within the two market segments; Transport & Logistics and Resource Management in Denmark and Sweden with a turnover of approx. 4.5 billion SEK and has approx. 900 people employed.
"We would like to thank the management team, the employees and all other stakeholders for their contributions to DSVM's development. Triton funds have been the owner of DSVM for more than ten years and we view this as a right point in time for an ownership change. We look forward to continuing our investment activity in Denmark, acting as a responsible owner and an agent of positive change in the businesses we partner with," says Peder Prahl, Managing Partner of Triton.
About DSVM
DSVM Group is a leading provider of transportation, logistics and environmental solutions as well as raw materials for the building & construction industry in Denmark and Sweden. DSVM Group operates through its seven subsidiaries and has a Nordic development strategy, based on creating or acquiring competitive businesses. The subsidiaries act within the two market segments; Transport & Logistics and Resource Management. The operational companies are GDL in Sweden, DSV Transport and MiljøTeam in Denmark. RGS 90 in Sweden and Denmark, Nymølle and Vandrens in Denmark.
About Triton Partners
Founded in 1997 and owned by its partners, Triton Partners is a leading European mid-market sector-specialist investor. Triton Partners focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.
Triton Partners has over 150 investment professionals and value creation experts across eleven offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.