News

Accent Equity divests Brenderup Group to Storskogen

8 July 2021

  • Accent Equity and minority shareholders have divested Brenderup Group to Storskogen, a Swedish privately owned group of small and medium sized companies
  • Brenderup Group has over the past years successfully been transformed into a leading European trailer supplier with a market leading trailer rental solution
  • As a result of the successful implementation of strategic and operational initiatives, Brenderup Group has during Accent Equity’s ownership grown its revenues organically by approximately 55% and EBITDA has increased by 4.1 times

The group Brenderup Group has consisted of two business areas; Trailers and Load Carriers. The investment fund Accent Equity 2012 L.P. (“Accent Equity”) and minority shareholders have divested business area Trailers (“Brenderup Group”) to Storskogen, a Swedish privately owned group of small and medium sized companies. Business area Load Carriers, operating as Mont Blanc Group, was not included in the transaction and will remain majority-owned by Accent Equity. Rutger Barrdahl will continue as group CEO for the remaining business.

Since the carve-out of Brenderup Group from Thule Group in 2014, the company has successfully implemented a solid commercial strategy focused on developing the brand recognition, distribution network, the trailer rental business footprint and sustainability-based product development. Further, operational improvements such as reduced assortment complexity, seamless production processes as well as supply chain transformation, including consolidating the manufacturing, have significantly contributed to Brenderup Group’s operating excellence. As a result of the implementation of the initiatives, Brenderup Group has during Accent Equity’s ownership grown its revenues organically by approximately 55%, and EBITDA has increased by 4.1 times. Brenderup Group is today the number one trailer supplier in the Scandinavian market, the number two in the European market, and the market leader in trailer rentals with the largest trailer rental fleet in Europe.

”We are very thankful to Accent Equity and the board for the trust, strategic contribution and internal development guidance we have received over the years. We have gotten full support in all challenges we have faced, and thanks to the professional direction from Accent Equity we have been able to build a business with a market leading offering that is well-positioned for future growth and operational excellence. We now look forward to continuing the development of Brenderup Group as the leading premium trailer supplier in Europe and create an even better offering for our customers together with Storskogen”, says Stefan Petersén, CEO of Brenderup Group AB.

“Brenderup Group has really evolved into being best-in-class on the trailer market, and it has been a pleasure to see how management has transformed the company, as evidenced by its market leading position with an unrivalled value proposition. We are now happy to hand over to Storskogen as we trust they will be an excellent owner for Brenderup Group’s continued journey”, says Benny Zakrisson, Partner at Accent Equity Partners, investment advisor to Accent Equity.

Lincoln International (M&A), Mannheimer Swartling (legal), and PwC Sweden (vendor assistance) assisted Accent Equity in connection with the transaction.

For additional information, please contact:
Benny Zakrisson, Partner at Accent Equity Partners AB, benny.zakrisson@accentequity.se
Stefan Petersén, CEO of Brenderup Group AB, stefan.petersen@brenderupgroup.com
About Brenderup Group:
Brenderup Group is one of Europe's leading companies within manufacturing, distribution and sales of trailers. The product range includes leisure, professional, boat and snow trailers, related accessories and spare parts. The products are used for private, professional and semi-professional areas of use. Brenderup Group is also the market leader in trailer rentals in Scandinavia with the largest trailer fleet in Europe. The company has in total 380 employees, and is headquartered in Malmö, Sweden, and operates a production facility located in Wielen, Poland and an assembly site in Stigamo, Sweden. Sales offices are located in Sweden, Norway, Denmark, Poland, Germany, and Italy, and the total turnover for 2020 was approximately SEK 780 million.
brenderupgroup.com

About Accent Equity:
Accent Equity has since 1994 invested in private Nordic companies where a new partner or owner can serve as a catalyst. Our ambition is to invest in and develop the companies to be Nordic, European or Global leaders through a professional, hands-on and long-term oriented approach that results in superior and sustainable returns. Accent Equity Partners is the investment advisor to Accent Equity 2012.
accentequity.se
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2021 Accent Equity V (2012)