Transaction: Divestments
Date: September 2008
Deal value: Not disclosed
Process: Private auction
Industry: Manufacturing

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Procuritas is a private equity house specialized in initiating, structuring and financing management buyouts in Scandinavia. Procuritas acquired DISA, a leading manufacturer of moulding and metal surface preparation and equipment, in 2005. DISA has production units in Denmark, the Czech Republic, India and China. In 2007 DISA had annual turnover of DKK 1.3 billion and approximately 1,400 employees.

The acquirer; Mid Europa Partners is also the owner of Wheelabrator, one of the major metals surface preparation equipment manufacturers.

Mid Europa Partners will merge DISA and Wheelabrator to create a combined entity with turnover exceeding EUR 400 million and more than 2,700 employees. The combined entity will provide a truly global service to customers and benefit from growth as well as scale efficiencies. The mid-term aim for Mid Europa Partners is to grow this combined turnover figure to around EUR 600m.