SOLNA, SWEDEN – EQT, the private equity firm that owned boating industry supplier Dometic Corp., has sold the company to BC Partners, a pan-European private equity firm, operating through integrated teams based in Paris, Hamburg, London, Milan and Geneva, Dometic Corp. reported in a release yesterday.
The acquisition comprises 100 percent of the shares in Dometic International AB. Dometic’s management group and organization will remain in place. Daily contacts with customers, suppliers and end-users will also not be affected, the company said.
“We look forward to working with BC Partners to capitalize on our attractive future growth opportunities,” said Lars Johansson, CEO of Dometic.
“Dometic’s financial targets for growth and profitability remain intact and we will continue to see both organic and acquired growth,” said Rutger Wachtmeister, executive vice president of marketing and sales at Dometic.
In its press release, Dometic said that over 17 years, BC Partners has developed a long track record of successfully acquiring and developing European businesses in partnership with management, investing in 57 acquisitions with a combined enterprise value of €33bn.
“We hope to be a valuable partner in this next phase,” said Simon Palley, who led the investment in Dometic at BC Partners.
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