The owners of the Danish pumping company DESMI has sold the majority share in the company to the international private equity fund One Equity Partners.
DESMI manufactures pumps and pumping solutions for a wide range of services, including marine and offshore, industrial, oil skimming, defense and supply. Moreover, the company produces environmental solutions for oil spill response and the collection of seaweed, algae, plastic and other floating waste.
DESMI was formed in 1834 and is one of Denmark’s oldest companies. DESMI employs nearly 1,000 people in 20 countries across the world, and the company’s systems are sold to more than 150 countries.
One Equity Partners primarily invests in companies within the industrial, healthcare and technology sectors, and, since its formation in 2001, the company has completed more than 300 transactions. In 2015, One Equity Partners was spun out of JP Morgan.
Accura advised the sellers of DESMI in connection with the transaction.