On 9 March 2020, BWB Partners and the minority shareholders of Stema Holding A/S, the holding entity of Pedax GmbH (“Pedax”) entered into an agreement to divest the majority shareholding in Pedax to IBL Group. Pedax is one of the global leading companies in the development and production of bending and cutting equipment for reinforcing steel bars including service of this equipment. Pedax has own production in Germany and a global sales network covering most parts of Europe, the Middle East, Asia and Australia. Pedax generated a revenue of around DKK 170 million in 2019. The ownership change does not affect any existing collaboration agreements or customer relationships. The parties have agreed not to disclose the purchase price. The shareholders were advised by Clearwater International, Ebner Stolz and DLA Piper.

For more information:

BWB Partners: Peter Johansen, phone: +45 53 39 42 88, e-mail: plj@bwbp.dk

IBL Group: Ivan Bjerg-Larsen, Chairman, phone: +45 40 91 85 00, e-mail: ibl@iblholding.dk

About IBL Group (www.iblholding.dk)

IBL Group is a Danish family-owned investment company that invests in real estate projects and companies both in the start-up phase and established companies.

About BWB Partners (www.bwbp.dk)

BWB Partners is an independent owner-led Danish investment firm investing in small and medium-sized companies with a turnover of DKK 150-750 million and strong growth potential. BWB Partners manages the funds BWB Partners I and II, which have a total capital commitment of DKK 2.3 billion and invest on behalf of Danish and international investors.