Nordea and Danske Bank-backed Martin Jermiin and Christian Kofoed Hertz Jakobsen completed the acquisition of a majority stake in Flying Tiger.

Nordea and Danske Bank-backed Martin Jermiin, the CEO of Flying Tiger, and Christian Kofoed Hertz Jakobsen, the CFO of Flying Tiger, completed the acquisition of a majority stake in Flying Tiger, from Treville & Co, a Danish private equity firm. Financial terms were not disclosed. "The new capital and ownership structure creates better conditions for both our core business and expansion into new markets. We now have a stable foundation where debt is no longer an obstacle to growth and development – allowing the company to realise its full potential," John Dueholm, Flying Tiger Chairman of the Board.