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Continuation of international buy-and-build strategy
€97.3mn
Equity investment
DKK1.369mn
Revenues 2021 (preliminary)
597
Employees 2021

KEY FACTS AT A GLANCE

  • Leading European provider of heating, cooling, drying, ventilation and air cleaning technology
  • Annual revenue growth of 30 per cent 
  • Continuation of international buy-and-build strategy

DANTHERM

Investment by
DBAG FUND VIII

€97.3MN

DBAG'S INTEREST

€22.4MN

MANAGEMENT BUYOUT

MAJORITY
INVESTMENT OF
DBAG FUND VIII

First invested

NOVEMBER 2021

REVENUES in DKKmn

 

1.140

 

2019

 

1.091

 

2020

 

1.369

 

2021 (preliminary)

As of 31 March 2022

~30

per cent

of its revenues are generated in the DACH region

The market in Europe remains very fragmented, presenting us with the opportunity to expand our product portfolio and regional market coverage through acquisitions.

MALTE HINZ
MANAGING DIRECTOR

PROFILE

Dantherm is one of the leading European provider of heating, cooling, drying, ventilation and air cleaning technology. The market for portable and fixed heating, cooling, drying, ventilation and air cleaning (HVAC) solutions is growing at a steady annual rate of between four and six per cent, without any significant fluctuations. Dantherm (www.danthermgroup.com) is one of the leading providers in this market, whose growth is driven by climate change and the wellness trend, as well as stricter regulations for more efficient energy use. The company was founded in 1958 as a manufacturer of heating products. It has constantly expanded its product range over the years, mainly through acquisitions, and is today a leading international player in the development and manufacture of mobile and fixed HVAC products for a number of different applications and industries. Products include highly energy efficient evaporative cooling systems, mobile dehumidifiers for water damage restoration, virus air cleaners, heaters for a variety of temporary applications and installed climate solutions for pools, industrial applications and residential ventilation.

Dantherm operates three main production facilities in Denmark, Italy and the UK and employs around 600 people. At 30 per cent, the DACH region (Germany, Austria and Switzerland) accounts for the majority of sales. A further 20 per cent is generated in the Scandinavian countries. Dantherm’s products are distributed in over 50 countries worldwide.

POTENTIAL FOR DEVELOPMENT

DBAG will support Dantherm in continuing its organic growth and buy-and-build strategy. The market in Europe offers good opportunities to expand the product portfolio and regional market coverage through acquisitions. DBAG sees further potential for value enhancement in a stronger integration of the companies recently acquired by Dantherm.

 

Responsible team member

Malte Hinz
Malte Hinz

Managing Director

Malte Hinz
+49 69 95787-174

Malte Hinz

Managing Director

Malte Hinz joined Deutsche Beteiligungs AG in 2013 and became a Managing Director in 2019.

Malte Hinz has nine years of experience in the private-equity sector. He holds a Bachelor of Science in Business Administration from the University of Mannheim, and also studied at the University of Leeds.

Current portfolio companies

Dantherm Fire freiheit.com Kraft & Bauer

Former portfolio companies

Malte Hinz

Managing Director

+49 69 95787-174