Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Kirk Kapital divests majority stake in Exxit59 for DKK 250m
November 26, 2018

Kirk Kapital has divested some of its 65 % majority stake in Exxit59 worth DKK 250m according to media speculation. Casa A/S acquires the majority stake of Exxit59 though Kirk Kapital still remains as a minority owner. The divestment is aligned with Kirk Kapital’s strategy to only obtain minority positions in long-term investments. Exxit59 reported a turnover of DKK 51m and EBITDA of DKK 42m in 2017, corresponding to an EV/EBITDA multiple of 5.95x.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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