NOVEMBER 20 2023
- Under Nordic Capital’s ownership, Consilium Safety Group has made a profound transformation becoming an innovative global leader within SafetyTech in attractive niche markets
- Consilium Safety Group has invested in organic growth and R&D and has further expanded its global service coverage to protect lives, values and the planet
- The Company has seen significant increases in sales and almost tripled its profits in three years
Nordic Capital, a leading sector-specialised private equity investor, has entered into a definitive agreement to sell Consilium Safety Group, a leading provider of innovative SafetyTech, to a wholly-owned affiliate of Antin Infrastructure Partners’ Flagship Fund V. During Nordic Capital’s ownership period, Consilium Safety Group has developed to become a global innovation leader in safety technologies specialising in intelligent Fire, Flame and Gas detection within the marine, energy, transport and building sectors.
Following Nordic Capital’s acquisition in 2020, Consilium Safety Group became a stand-alone company fully focused on putting safety first for its customers. Since then, the company has grown significantly and transformed into a leading provider of mission-critical infrastructure in highly demanding and regulated end markets, with a premier standard of global service coverage. Consilium Safety Group has professionalised its organisation and operations, effectively utilising its innovative technology and service platform to expand its top-tier offering to make a lasting, positive impact and continue protecting lives, values and the planet. Revenues have increased from SEK 1.4 bn to SEK 2.5 bn, and EBITDA has almost tripled in three years.
In partnership with the Consilium Safety Group management team, Nordic Capital has focused on Consilium Safety Group’s core strategy and its customer offering within SafetyTech. Significant investments into R&D and innovation, expansion of the product and aftermarket offerings and, commercial initiatives to increase digitalisation and refine operations, have created a more integrated, efficient, and connected organisation. Consilium Safety Group is now well positioned to take its next step with further international growth and innovative product development ahead.
“We are very proud of what Nordic Capital and Consilium Safety Group’s management team has together achieved, creating a leading and innovative company with a global footprint. The plans set out at the time of the acquisition have been successfully executed much earlier than expected. We want to thank the whole team at Consilium Safety Group for their contribution during these years. Consilium Safety Group is now well placed to continue its growth trajectory and outperform the market. This marks the culmination of a very successful partnership and the start of an exciting next phase for Consilium Safety Group,” said Joakim Andreasson, Managing Director, Nordic Capital Advisors.
“Nordic Capital’s operational focus, deep sector insights and expertise in how to fuel global expansion, have been instrumental in the growth of Consilium Safety Group. Together, we have achieved great results quicker than we expected. We thank them for their support and guidance as we take the next step of our journey. As we embark on the next chapter, we are very excited to partner with Antin. We will continue delivering mission-critical safety and operational resilience to our customers and with Antin’s support, we look forward to investing further in the expansion of our offering, capabilities, and presence,” said Philip Isell Lind af Hageby, CEO, Consilium Safety Group.
“We are very impressed by the team at Consilium Safety Group and their commitment to safety, continuous innovation, and customer service. The company has built an extensive international footprint which enables it to support its customers who rely on Consilium Safety Group’s mission-critical infrastructure for their operations,” said Simon Söder, Senior Partner, Antin Infrastructure Partners.
The terms of the transaction were not disclosed. Completion of the transaction is expected in H1 2024, and is subject to customary closing conditions, including relevant regulatory approvals.
Citigroup Global Markets acted as financial advisor to Nordic Capital.
Press contacts:
Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com
Consilium Safety Group
Malin Cardemar
Chief Marketing & Communications Officer
Tel: +46 735 95 32 51
e-mail: malin.cardemar@consiliumsafety.com
Antin Infrastructure Partners
Nicolle Graugnard, Communication Director
Email: nicolle.graugnard@antin-ip.com
About Nordic Capital
Nordic Capital is a leading sector-specialised private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested EUR 23 billion in 140 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com.
“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”.
Consilium Safety Group
Consilium Safety Group is a world-leading solution provider of fire, flame and gas safety technologies for the marine, energy, transport and building sectors. By combining safety expertise with intelligent detection, the company contributes to protecting lives, values, and the planet through technology. What started in 1912 is today an international company driven by innovation. Consilium Safety Group is based in Gothenburg, Sweden, has more than 55 offices, covering all time zones, and strives to be a great place to grow for all its 900 employees.
About Antin Infrastructure Partners
Antin Infrastructure Partners is a leading private equity firm focused on infrastructure. With over €30 billion in assets under management across its Flagship, Mid Cap and NextGen investment strategies, Antin targets investments in the energy and environment, digital, transport and social infrastructure sectors. With offices in Paris, London, New York, Singapore and Luxembourg, Antin employs over 220 professionals dedicated to growing, improving and transforming infrastructure businesses while delivering long-term value to portfolio companies and investors. Majority owned by its partners, Antin is listed on Euronext Paris (Ticker: ANTIN – ISIN: FR0014005AL0)
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