Sale of Carsoe

Carnegie acted as exclusive adviser to Carsoe in the sale to Solix Group

Carnegie has acted as exclusive financial adviser to the owners of Carsoe A/S in the sale to Solix Group AB.

Carsoe was established in 1976 and is incorporated in Aalborg, Denmark with production facilities in Denmark and US and around 250 employees servicing customers in more than 38 countries worldwide.

Today Carsoe is a leading provider of processing equipment and services to the Food, Liquid Processing and Seafood industries including related aftersales services. The company holds a global market leading position within onboard processing equipment for large fishing vessels, and has recently won a number of new large orders to Russian Fishery Company and Artic Storm Group.

Carsoe has experienced strong historical growth (+21% CAGR over last ten years) with increasing profitability. Today the company has revenue in excess of DKK 500m with an EBITDA margin of around 15%. This favourable development is expected to continue across segments going forward.

Following the transaction Solix Group will own 60% of the shares in Carsoe and current management will own 40%. The transaction enables Carsoe to strengthen the organisation and further accelerate growth through both organic growth and potential acquisitions.

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