Novo A/S and
TryghedsGruppen
invest in DADES
2 July 2015
Novo A/S and TryghedsGruppen become major investors in the real estate company DADES
One of Denmark’s largest privately owned real estate companies, DADES, gets two new major shareholders. Novo A/S
and TryghedsGruppen purchase a combined total of 49.2% of the company’s share capital. The sellers are Realdania,
Lønmodtagernes Dyrtidsfond, Nykredit, Forsikringsselskabet Alm. Brand Liv & Pension, Pensionskassen for Teknikum‐
og Diplomingeniører, Danske Bank, Juristernes-og Økonomernes Pensionskasse and Bevica Fonden.
After the completion of the transaction, Aase og Ejnar Danielsens Fond will still be the largest shareholder with 47.3%.
Novo A/S will own 37.0% and TryghedsGruppen 12.2%, while BRFkredit and managing director Boris Nørgaard Kjeldsen
will own the remaining minority shares.
The change in ownership is combined with an undertaking to contribute additional capital to the company totalling
approximately DKK 1.7 billion for the purpose of real estate investments.
DADES ("Det Alm. Danske Ejendomsselskab A/S”) was founded in 1937 and has become one of Denmark’s largest real
estate companies with a special focus on commercial properties primarily in the Copenhagen area and shopping centres
throughout the country. In 2014, the company had a property portfolio at a value of DKK 16.9 billion.
The transaction is one of the largest real estate transactions in Denmark.
The change in ownership is part of strategic considerations about a long-term solution for DADES involving the
strengthening of its core segments, commercial properties and shopping centres, and an increase in its residential property
activity.
Aase og Ejnar Danielsens Fond was set up in 1975 by managing director Ejnar Danielsen, founder of DADES.
Bruun & Hjejle has advised Aase og Ejnar Danielsens Fond.
For more information, please contact:
Henrik Dahl, partner, +45 30 18 87 39
Karsten Kristoffersen, partner, + 45 61 69 39 79
About Bruun & Hjejle
Bruun & Hjejle is a leading Danish law firm for complex transactions and disputes partnering with leading clients. The strategic focus is on M&A, Banking &
Finance, Real estate and Construction, Dispute Resolution and Regulatory. Bruun & Hjejle maintains a first class international network of law firms as best
friends. In recent years, we have advised 31 of the top 50 companies in Denmark, including 14 of the 24 NASDAQ C Large Cap listed companies. The firm has
also acted for several companies included in the Euro Stoxx 600 index and the S&P 500 index in addition to international, non-listed companies in a variety
of sectors. Our clients in the private equity segment include many large cap global funds and leading Nordic funds. For additional information about Bruun &
Hjejle, please visit www.bruunhjejle.com.
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