Clearwater has advised the owner of Rexholm A/S (Rexholm), a leading manufacturer of corporate wear, on the minority sale to family investment fund C.W. Obel.
Rexholm, operating under the name ID® IDENTITY, delivers quality corporate wear to its customers located all over Europe. The company employs 100 people and generated revenue of €55.3m (DKK 413m) and EBITDA of €11.5m (DKK 86m) in 2018.
C.W. Obel is a Danish investment company owned by the Obel Family Foundation. The company has a wide portfolio of investment activities ranging from real estate, to venture capital funds and capital commitments in private equity along with ownership positions in privately-owned companies. The new partnership will not alter the current management structure of Rexholm and ID® Identity.
Located in Denmark, Rexholm has an international outlook, which the new partnership with C.W Obel will help develop further. Moreover, the partnership will support the continued growth strategy, with a specific focus on digital development.
