VB Enterprise A/S specializes in grid connection as well as O&M of high voltage components in offshore wind turbines. Today, VB Enterprise A/S is the global market leader within installation and O&M services for high voltage components to the offshore wind turbine industry with a market share of 90% of the installed base, globally.
The company has historically realized annual growth rates of +30%, resulting in an EBIT of 20 mDKK in 2012/13.The acquirer, Via Venture Partners, is a leading Nordic private equity fund, backed by Danish Pension Fund ATP as sole investor with 2 bDKK under management. The seller will together with leading employees be co-owners of the company going forward.
Clearwater International has acted as exclusive financial advisor to the owner of VB Enterprise and arranged a structured process targeting strategic and financial buyers from all over the world. The divestment of VB Enterprise to Via Venture Partners is the outcome of a competitive process.