Clearwater Denmark advises DYKON on its sale to Erhvervsinvest

Transaction

DYKON A/S sold to Erhvervsinvest

Sell-side

Undisclosed

Role

Adviser to DYKON A/S on its sale to Erhvervsinvest

Sector

Consumer

Region

Denmark

Clearwater Denmark acted as financial adviser to the owners of DYKON A/S (DYKON) on the majority sale to private equity fund Erhvervsinvest.

Founded in 1947 and headquartered in Denmark, DYKON is a well-established leading Nordic producer of high quality down and feather duvets and pillows. DYKON consists of brands including Ringsted Dun, Flora Danica, Engmo Dun and Bergen Dun amongst others. Since 2007, DYKON has successfully developed from a traditional production company, to an innovative industry leading production company focusing on R&D, automation, and digitalisation.

In 2017, DYKON collaborated with the Technical University of Denmark (DTU), and opened its own sleep laboratory (SleepLab), researching which duvet and pillow would be optimum to obtaining perfect sleep based on comfort and a particular climate.

Together with Erhvervsinvest, the ambition for DYKON is to accelerate its international expansion and utilise the potential for developing DYKON through further automation and development of SleepLab.

It has been great working with Clearwater and having their expertise and guidance throughout the process. The team showed immense insight into our business procedures and their professional and systematic methodology ensured a smooth process at a rapid cadence. We felt very confident in the team’s prompt participation in all aspects of the project. They were always accessible, well-prepared, and armed with proactive suggestions.
Peter Bøgh Petersen, Co-owner and CEO, DYKON

I am pleased that we have found a financial partner for the management team, which I believe will help to ensure DYKON’s further development, as well as continuously securing Danish jobs though further automation.
Knud Beer, former Chairman of DYKON

It has been a pleasure working with DYKON through the transaction process. The investors that we presented all showed the upmost respect for the current owners’ belief in securing Danish jobs through automation and high ethical standards, with strong focus on environment, human rights and animal welfare.
Jakob Tolstrup Kristensen, Partner, Clearwater