Danfo, a Nora, outside Örebro, Sweden-based provider of customized public toilets and related services, has received a PE investment from Priveq.
The amount of the deal was not disclosed.
The company will use the proceeds for continued growth in current and future markets.
Founded in 1969 and led by Mikael Magnusson, CEO, Danfo designs and manufactures public toilets and offers complete solutions with products, service and maintenance to customers in several countries. The company has a turnover of approximately SEK 180m (in 2015), 140 employees in Sweden, Norway, Denmark, UK and the Middle East and a broad international customer base mainly consisting of municipalities, leasing companies and outdoor advertising companies.
In connection with the deal, Lars-Åke Rydh will take over as Chairman of the Board. Lars-Åke Rydh is the former CEO of Nefab, a packaging company in which Priveq was a partner for almost ten years.
Another new member of the Board is Keith Fransson, who mainly has been working within the education sector, most recently as CEO for Hermods.
FinSMEs
04/04/2016