WATERLAND takes majority stake in Norisol

Alongside the retained minority equity participation of historical shareholder MS2 Invest, led by Per Christensen, Waterland Private Equity executes a primary buyout transaction to acquire a majority controlling stake in the industrial service provider. The transaction mechanics establish a revised capitalization table where the exiting majority owner, MS2 Invest—which originally executed its own acquisition of the asset in 2018—rolls over a portion of its proceeds to maintain a minority position, joined by a syndicate of individual minority co-investors. At the time of signing, the underlying asset demonstrates a quantified historical financial profile, having recorded consolidated annual revenues of DKK 450–900M paired with an operating profitability measured at DKK 100–200M, yielding an effective [members only]. The investment thesis formulated by the incoming majority shareholder relies on underlying macro-regulatory drivers, specifically targeting the increased capital expenditure allocations required by the ongoing energy efficiency transition and stricter environmental compliance mandates across heavy industries. The strategic roadmap under the new shareholding structure involves deploying additional institutional capital to execute a systematic expansion of the service portfolio, targeting adjacent technical verticals and cross-border geographic markets. The newly formed board of directors, integrating representatives from the incoming pan-European fund such as Principal Nicklas Guldberg, will oversee the implementation of this accelerated business plan alongside the incumbent executive leadership team headed by Chief Executive Officer Lars Bork Hansen. Forward-looking financial projections formulated during the underwriting phase anticipate the asset breaking the one billion Danish kroner revenue threshold in the subsequent fiscal period, supported by projected operational margins stabilizing around the twelve percent mark. The sell-side transaction perimeter was strictly managed by a dedicated advisory consortium, with Deloitte structuring the corporate finance and M&A framework, while Kromann Reumert drafted and negotiated the definitive legal documentation and share purchase agreements.