Jamieson, the independent corporate finance boutique, has advised the management team of Swedish based Dometic on the buyout of the business by EQT for around SEK 12 billion (c.€1.35bn).
Dometic is a leading global provider of cabin interior design and build services for the caravan, motor-home, car, truck, hotel and boat industries. The product range includes refrigerators, sun shades, cookers, sanitation systems, lighting, power equipment, comfort and safety equipment, windows, doors and equipment for air conditioning.
Stuart Coventry and Matt Hucker at Jamieson Corporate Finance worked with CEO Frederik Moller and his senior management team, advising them on the structuring of their new incentive and participation arrangements in a competitive private equity auction. The pressure of the current market for high levels of management reinvestment and the uncertainties around tax treatment on proceeds meant there was as much focus was on establishing certainty of proceeds as there was on agreeing the new deal terms.
The transaction is Jamieson Corporate Finance’s third Scandinavian deal and their tenth buyout outside the UK in the past two years, providing further evidence of their experience in the international private equity market.