|Deal value:||Not disclosed|
FIH Partners advises Via Venture Partners, a leading Northern European multi-stage private equity firm, on the divestment of Frontmatec, to newly established SAIC Holding, a leading global supplier of advanced slaughterhouse lines and equipment, owned by the Nordic private equity firm, Axcel.
Frontmatec is Denmark’s leading automation company with more than 30 years’ experience within automation, SCADA and MES. Frontmatec was founded in 1983 and develops complete automation solutions for the food, utility and manufacturing industries including own in-house developed software platforms. In the food industry customers include slaughterhouse groups such as Danish Crown, Tican and Atria and global market leaders within the supply of production lines to the slaughterhouse industry such as Attec and SFK LEBLANC (both part of SAIC Holding). In the utility sector a large number of Danish utilities within water, waste water and energy are served.
FIH Partners acted as exclusive financial advisor to Via Venture Partners on the transaction.