Denmark: Growth Strategy Haldor Topsoe Searching for Minority Investor
Haldor Topsoe announced that it has initiated a search process to find a potential investor in order to accelerate growth. It is the intention to list the shares in the company at a later time. Haldor Topsoe Holding A/S will remain the long-term majority shareholder.
Lyngby/Denmark — The Danish company said that after a period of restructuring and preparing the platform for future growth, the company was in a strong market position. The group is currently 100 % family owned through the Holding.
Jeppe Christiansen, Chairman of the Board of Directors, Haldor Topsoe A/S, said in a statement that the management wished to strengthen their capital base by inviting one or more financial partners to invest in the group with a long-term intention to list the company. He believed that long-term majority shareholders combined with minority shareholders on the stock exchange had proven to be a very strong ownership structure for resilient and profitable development. The company's ambition was to grow organically and potentially also drive growth through acquisitions, he added.
It is the intention that a future financial minority partner can own a significant share of the company with an option of an initial public offering (IPO) after five-seven years. The holding will continue as the long-term majority shareholder.
Jakob Haldor Topsøe, Chairman of Haldor Topsoe Holding A/S, emphasized that the company was extremely precious to the family and they wanted to make sure the company is in the best possible position to grow and develop.
The range of search will be selective but not limited to a specific type of investor. SEB (Skandinaviska Enskilda Banken) and Citi (Citigroup) have been appointed as advisors for the search process.