FSN Capital, Danica Pension and PenSam have sold the majority stake in the Danish insulation experts Skamol to the international industrial group Etex.
Skamol was formed in 1912 and is a leading manufacturer of materials for high-temperature insulation for construction and industry. Today, the business has more than 300 employees at locations in Denmark and Poland and more than 1,000 customers world-wide.
FSN Capital is a leading Northern European private equity fund with more than EUR 4bn of assets under management and offices in Oslo, Stockholm, Copenhagen and Munich.
Accura advised FSN Capital in connection with the transaction.