Erhvervsinvest acquired a majority stake in Bogballe, a leading manufacturer of mounted mineral fertilizer spreaders. Plougmann Vingtoft assisted Erhvervsinvest with a due diligence analysis of the IPR aspects related to the acquisition.
Bogballe was founded in 1934 and has since the 1950’s been manufacturing mounted mineral fertilizers and is today leading within its niche.
The company is located in Bøgballe between Vejle and Horsens and employs 60 people.
“The strategy has for many years been to make the world’s best fertilizer spreaders. I can only thank the strong team of dedicated employees for the fact that we at the same time have been able to realise stabile results. I am happy to be part of a healthy and exciting company, where an attractive portfolio of products, modern facilities and a fantastic employee spirit, also in the future will create attractive results.
“I look forward to a new and exciting chapter in Bogballe’s history together with Erhvervsinvest” says Nils Jørn Laursen, CEO in Bogballe, who will continue in his current role and with an increased ownership share.
Bogballe runs a highly efficient and high-tech production, and the company’s products are sold through distributors to farmers all over the world.
Erhvervsinvest invests in small and medium-sized Danish companies. The investment in Bogballe is the first in Erhvervsinvest IV.
The investors in Erhvervsinvest are amongst others: Nykredit, Argentum, AP Pension, Danica Pension, Spar Nord Bank, Sparekassen Kronjylland, Fagbevægelsens Erhvervsinvestering, and CW Obel.
Legal adviser: Dan Moalem from Moalem Weitemeyer Bendtsen.