04/10/2018at 13:46

Big payback for Norwegian PE manager after flipping Danish JSB Group

Danish turbine blade core maker JSB Group has been sold to a Swiss industrial giant after only two years of ownership by Verdane Capital. The Norwegian fund made a fortune on the asset.

BY SØREN SPRINGBORG, ENERGIWATCH

Norwegian private equity manager Verdane Capital can stow DKK 520 million (EUR 70 million) into its account after selling Danish wind turbine core manufacturer JSB Group — which has only been active on the market for sub-suppliers to the wind energy industry for two years.

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