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Polaris picks up stake in Danish meals and food service Det Danske Madhus

26 Mar 2014

news_food_pasta.lrgDanish buyout house Polaris Private Equity has picked up a majority stake in the country’s largest home-made meal and food service for those dependent on social services, Det Danske Madhus.

The company delivers about 16,000 hot and cold meals to pensioners living in their own home, nursing homes and three hospitals, and had revenues of about DKK400m ($74m) last year.

Polaris partner Henrik Bonnerup said, ”Det Danske Madhus has achieved a unique position as a respected and trusted partner to a number of municipalities and has built a strong portfolio of satisfied customers.

“It is a professional and well-run business providing a high level of quality and service based on efficient catering facilities and a strong logistics organisation.

“This combination has produced good results, and we look forward to helping the company grow and develop.”

Earlier this year Polaris agreed to buy architectural lighting supplier Louis Poulsen Lighting.

The firm did not disclose the financial terms of the deal, but a source with knowledge of the matter said the company was valued in the region of DKK700m ($128.5m).

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