Montagu Private Equity signed with Triton Fund III for the acquisition of LOGSTOR

4-7-2013 — /europawire.eu/ — Montagu Private Equity (“Montagu”) today announced that it has reached an agreement for Triton Fund III (“Triton”)to acquire LOGSTOR (“LOGSTOR” or “the Company”). LOGSTOR, headquartered in Løgstør, Denmark, is the global leader for pre‐insulated pipe systems, which enable the energy‐efficient transportation of liquids and gases for district heating and cooling,marine and industrial purposes as well as oil and gas. The acquisition of LOGSTOR is subject to approval by competition authorities. The terms of the transaction were not disclosed.

LOGSTOR has invested in its infrastructure, developed new products and continued to expand internationally over recent years. In the last 12 months,the Company has implemented a new growth strategy under an enhanced management team, designed to sustain the company’s leading market
position.

LOGSTOR has continued to win significant new business contracts as demand for its products and services has increased, particularly in emerging markets. District heating and cooling networks are growing in popularity as the most energy efficient,safe, well‐proven and environmentally responsible ways to provide heating and cooling to buildings. Pre‐insulated pipe systems from LOGSTOR, using unique and effective insulation, are designed specifically to keep energy loss from district heating and cooling systems to the absolute minimum.

Martin McCourt, CEO of LOGSTOR, said:
“Logstor looks forward to partnering with Triton and embarking on the next stage in its development as it continues to provide the highest quality of products and services to its global customer base. The investment in the company over recent years, for example developing new products and entering new markets, has positioned it well to meet demand created by infrastructure investment and a focus on energy efficiency.”

Mark Dunfoy, Director at Montagu Private Equity,said:
“LOGSTOR is renowned for its innovation and cutting‐edge technology. It has maintained a market leading position through the downturn and expanded into new markets, which is a testament to the quality of its offering. We wish Triton and management every success for the future with LOGSTOR.”

Nordea Investment Banking advised on the transaction.

‐Ends‐

About LOGSTOR
LOGSTOR is the leading supplier of pre‐insulated pipe systems for energy‐efficient transportation of liquids  and gases for district heating and cooling, marine and industrial purposes as well as oil and gas pipelines. The systems consist of pipes, joints, fittings and surveillance. Inventing the pre‐insulated pipe technology more than 50 years ago, LOGSTOR has delivered more than 170,000 km of pre‐insulated pipes.

Headquartered in Løgstør, Denmark, LOGSTOR has subsidiaries in Austria, China, Finland, France, Germany, Italy, Lithuania, the Netherlands, Poland, Romania, Russia, Sweden and Switzerland as well as a network of agents and sales offices. The Group’s 10 production facilities are situated in Denmark, Poland, Sweden, Finland and China. The Group employs approx. 1,300 people. For further information: www.logstor.com

About Montagu Private Equity
Montagu Private Equity is one of Europe’s leading private equity firms. Founded in 1968, Montagu can look back on more than 40 years’ experience in investing in more than 400 transactions.

Montagu has a strong track record of supporting portfolio companies, dedicating significant resource to management teams as well as providing additional capital expenditure to fund further growth. Montagu also has considerable expertise helping businessesto accelerate their growth in their home markets as well as to internationalise and expand their customer base. This approach has led to real growth across Montagu’s portfolio. The firm has over €4.7 billion of fund assets under management. The Nordic region is
a key area of focus for Montagu, which invests in businesses that operate in stable markets across Europe with transaction values ranging from approximately €100 million to €1 billion. www.montagu.com

Media contacts:
International: Andrew Honnor/ Rosanna Konarzewski, Greenbrook Communications, +44 20 7952 2000
Email: enquiries@greenbrookpr.com

Denmark: Nicolaj Taudorf Andersen, Radius Kommunikation A/S, +45 3063 7313, na@radiuskommunikation.dk

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