Extract from Family-Owned Watchlist

The below story was originally featured in our Weekly Family-Owned Watchlist update - a part of M&A Insights. Selected stories, including this one, are posted to our website with a few weeks of delay.
Pumping solutions company Desmi sets sales plans on hold
September 25, 2020
202,287
Revenue (EUR 000')
41,994.8
EBITDA (EUR 000')
20.4%
3Y Sales CAGR
Denmark
Country
Mechanical or Industrial Engineering
Industry
Henrik Sørensen
Key Shareholder ("KS")
100
Age of KS (estm.)
Ownership
Next generation's role
In February, 2020, it became known that owner and CEO Henrik Sørensen (80 pct., 63y) looked to sell the pumping solutions company Desmi preferably to a strategic buyer, but did not exclude future private equity-ownership. In an interview with newspaper Jern & Maskinindustrien, the owner now states that the sales plans are put on hold, having earlier hired Handelsbanken's corporate finance department to conduct a sales analysis. Originally wanting to step down as CEO, Sørensen must see himself lead the company a bit further down the road. Desmi delivered record-breaking financials for FY19 with revenues of DKK 1.55bn (+73% YoY) with EBITDA of DKK 335.2m (+353% YoY).<br />
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