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EET Group comes into Danish hands - management takes over EET

Friday, 1 April 2022

New Owners News 710X400

Pamplona Equity Partners and the management of EET Group have agreed that EET Group's management pr. 1 April 2022 takes over Pamplona's majority stake in the company and thus the full control of EET Group, which hereby comes under Danish ownership.

Pamplona Equity Partners acquired a majority stake in EET Group with effect from 3 February 2022 in a transaction in which the management and employees continued as minority shareholders.

Following recent events, Pamplona and management have agreed to transfer its ownership of EET Group, which has been taken over by CEO Søren Drewsen and CFO Jan Iversen. The purchase is financed by a long-term vendor note to Pamplona. The members of the Board of Directors appointed by Pamplona will resign at the same time as the transaction is concluded.

We are pleased to complete a transaction that supports EET’s ongoing development and best serves the interests of all our constituents. We wish Søren, Jan and the rest of the EET team the best of luck in continuing to develop the Company; they have done a fantastic job in growing EET to where it is today.

Martin Schwab, Managing Partner of Pamplona and outgoing Chairman of the Board of EET Group

Month by month, we deliver new sales records through our 700 skilled employees' outstanding service to more than 30,000 customers in 24 countries, where digitization provides great demand for our advice, solutions and products. We come out of 2021 with a growth in revenue of more than 30% to more than DKK 4 billion, and ownership must not get in the way of the rapid development we are in. Therefore, I truly appreciate Pamplona's tenacious and professional efforts to quickly secure a new ownership structure that supports EET Group's continued growth journey.

Søren Drewsen, CEO of EET Group

Subjects

EET InternationalBregnerødvej 133 D3460 BirkerødVAT no. 35239480
International / English