Pierre.dk sold to Swiss private equity fund
Pierre Legarth and Maj Invest Equity have sold their shares in pierre.dk Autolakering A/S, the largest car painting business in Europe, to German Intelligent Repair Solutions Group owned by the Swiss private equity fund Ufenau Capital Partners AG.
In 2010, Maj Invest Equity invested in pierre.dk and developed together with Pierre Legarth, promoter and CEO, an ambitious growth strategy focusing on maintaining the leading position in the Danish market and setting up similar platforms in Sweden and Germany.
Today, pierre.dk provides car painting services in 37 branches – with 23 in Denmark, 10 in Sweden and 4 in Germany. The total number of branches as well as the geographical reach are expected to be expanded in the future.
Pierre Legarth and Maj Invest Equity have now sold all shares in the company to Intelligent Repair Solutions Group, a leading auto repair centre in Germany.
Bech-Bruun rendered legal assistance to Pierre Legarth and Maj Invest Equity throughout the entire process.