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New Deal


Announced

EQT Partners to acquire Molslinjen from Polaris for $1bn.

Financials

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Transaction Value£751m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales3x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Marine Transportation

Acquisition

ferry services

Majority

Private Equity

Private

Single Bidder

Denmark

Disposal

Pending

Cross Border

Friendly

Synopsis

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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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