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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Big payback for Norwegian PE manager after flipping Danish JSB Group

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Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

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New Nordic high yield manager keeps attracting inflows

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Swedish FSA fines church pension fund for failing to limit investment risks

Danish pension fund drops drilling platform investments

Expansion of Nordic team has paid off: Inflows to all core products for US manager

Further reading

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New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager