Clearwater International Denmark acted as financial advisor to the owners of DYKON A/S (DYKON) on the majority sale to private equity fund Erhvervsinvest.
Founded in 1947 and headquartered in Denmark, DYKON is a well-established leading Nordic producer of high quality down and feather duvets and pillows. DYKON consists of brands including Ringsted Dun, Flora Danica, Engmo Dun and Bergen Dun amongst others. Since 2007, DYKON has successfully developed from a traditional production company, to an innovative industry leading production company focusing on R&D, automation, and digitalisation.
In 2017, DYKON collaborated with the Technical University of Denmark (DTU), and opened its own sleep laboratory (SleepLab), researching which duvet and pillow would be optimum to obtaining perfect sleep based on comfort and a particular climate.
Together with Erhvervsinvest, the ambition for DYKON is to accelerate its international expansion and utilise the potential for developing DYKON through further automation and development of SleepLab.
The Clearwater International team was led by Partner Jakob Tolstrup Kristensen with support from Senior Associate Mads Højdahl Kristensen.