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JSB Group A/S

JSB Group A/S is expected to be sold to a listed Swiss company

 

Case

JSB Group A/S is expected to be sold to a listed Swiss company

The Nordic private equity fund, Verdane Capital, has concluded a share purchase agreement with the listed Swiss company Gurit Holding AG, Wattwil/Schweiz concerning the sale of 100% of the shares in JSB Group. The purchase price is expected to amount to DKK 520m (equity value).

JSB Group A/S is a global market leader within design, development and manufacture of customer-specific core kits for wind turbine blades.

JSB Group A/S is headquartered in Ringkøbing with manufacturing facilities in several countries and employs approx. 560 persons.

The Swiss company Gurit Holding AG is a leading supplier of core kits to the wind industry. The acquisition of JSB Group A/S will strengthen Gurit Holding AG’s possibilities to function as a total supplier for the wind industry by covering the entire value chain within core kits.

Accura advised Verdane Capital in connection with the contemplated sale.

The transaction is expected to be completed in mid-October 2018.