Closing of Bladt Industries transaction
Today (on 23 May 2012), closing of the sale of Bladt Industries Holding A/S to Nordic Capital was completed. The sale was the result of a lengthy sales process in which Bech-Bruun represented the sellers, LD Equity 1 K/S (Maj Invest), Industri Udvikling A/S and Bladt Management ApS. In addition, we have assisted the future management in its re-investment in the buyer's set-up.
Bladt Industries is a steel contractor specialising in large-scale and highly complex steel structures, operating in three key areas of business, i.e. wind, renewable energy, oil and gas energy and infrastructure. The company's main focus is on foundations and substations for the rapidly growing offshore wind energy market. Bladt Industries generates revenues in the order of DKK 1.7bn and has prospects of significant growth.
Arranged as a structured auction, the process began in December 2009 and offered many challenges along the way. Signing took place in December 2011, and closing was subject to the approval of the competition authorities.