Announced
Financials
Tags
Marine Transportation
Acquisition
ferry services
Majority
Private Equity
Private
Single Bidder
Denmark
Disposal
Pending
Cross Border
Friendly
Synopsis
EQT Partners agreed to acquire Molslinjen, Denmark's largest passenger ferry company, from a group of shareholders led by Polaris, a Nordic private equity firm, for $1bn. "We have followed Molslinjen closely for years and are tremendously impressed with its transformation into an indispensable element of the Danish transport infrastructure, under the leadership of Carsten Jensen and his management team. The next development phase of Molslinjen will be defined by the Company's ambitious sustainability agenda and continued investments in electrification and renewable fuel sources. In parallel, we also believe that there is scope to further build on Molslinjen's successful inorganic growth strategy. Taken together, these investments will further future-proof the Company, and we look forward to embarking on this journey together with Carsten and the management team," Daniel Pérez, EQT Partner.
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