DENMARK - ATP Private Equity Partners, a subsidiary of the E27bn statutory pension provision fund ATP, is a partner in the purchase of Danish emergency services group Falck.

ATP tied up with Stockholm-based private equity group Nordic Capital via bid vehicle Cidron for the deal.

“Nordic Capital and ATP Private Equity have through the company Cidron received acceptance of the acquisition offer from shareholders in Falck representing 92.9% of the capital and votes,” a statement said. ATP holds around 12% of Cidron, according to the tender document.

Falck was set to be delisted from the Copenhagen Stock Exchange today. The bid for Falck, which has been through its own de-merger process this year, began with a DKK60 per share offer from Cidron in November. The bid was unanimously recommended by the Falck board.

Just last month Copenhagen-based ATP made three senior appointments to expand its "bandwidth" in response to a strong deal flow.

Nordic Capital's stated aim is to be an “active owner” of companies for three to seven years – and then to realize capital gains for its investors, through a public offering or by selling the company to an industrial buyer.

It says: “In the event of a public offering, Nordic Capital's investors often remain as shareholders to provide a strong institutional ownership base after the flotation.”

In November ATP Private Equity Partners took on Kasper Knudsen, Soeren Broendum Andersen and Matthew Baker.

"We have decided to expand our team due to the fact that we have a well established market position and a strong deal flow,” said managing partner Jens Bisgaard-Frantzen.

ATP PEP, set up in 2001, has more than 1.3 billion euros under management.


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