EQT Expansion Capital backs the growth of Skykon with a large two digit million investment. New capital will be used to finance the continued expansion of Skykon’s growing business. Skykon will execute on international expansion opportunities in the coming years as the wind energy market continues to grow. Skykon founders will maintain majority control and EQT Expansion Capital invests capital into the company as a subordinated loan. EQT will take an active role together with the existing owners in further developing the company. EQT’s international network of senior industrialists and EQT’s experience in developing and growing companies will be at the disposal of Skykon.
EQT Expansion Capital II is a EUR 475 million fund advised by EQT Partners, a leading global private equity advisory firm founded in 1994 with headquarters in Stockholm, Sweden.
EQT Expansion Capital provides capital for privately owned mid-market companies. The core investment focus of the fund is businesses in need of capital for growth. The financing solutions have an equity character, while the owner maintains control over the company.
Skykon is the parent company of a number of subsuppliers to wind turbine manufacturers.
Skykon is the parent company of a range of businesses in the rapidly growing wind power market: Dencam, Welcon, Welcon Towers Ltd., Marxen and WKT Nordic. Skykon delivers total solutions within towers and composite components for wind turbine manufacturers. Skykon’s businesses in total employ 420 employees and have an annual turnover of more than 130 million Euro.
IMAP Denmark represented the seller Skykon in the process.
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