About private equity

How private equity invests in privately-owned businesses, supports jobs and creates prosperity.


Login to access your exclusive member-only content and account information.


Not a member? Join us

  • Operate to the highest level of professional standards
  • Access authoritative industry research and data
  • Navigate the complex EU regulatory environment
  • Network and engage with industry leaders
Private equity in action - Case Study


Back to results
Country Denmark
Region Nordjylland
Investor Polaris Private Equity

Polaris Private Equity’s investment in Skamol, a specialist insulation products manufacturing business, shows how private equity firms are able to support portfolio companies in good times and bad. Polaris acquired Skamol at the height of the economic boom, and almost immediately started work on a new business plan.

Thanks to Polaris’ hands-on approach, Skamol thrived. The firm got deeply involved at an early stage, developing a restructuring plan and putting in place a new management team with the skills to cope during the crisis. In addition, over the next few years more than DKK150 million was spent on new manufacturing facilities and the acquisition of a business in Russia, plus improvements to manufacturing, sales and back office functions. Polaris sold Skamol in 2012.

Viggo Nedergaard Jensen

Senior Adviser

Polaris Private Equity

Together with a very capable management, we have developed Skamol to be a visible and esteemed international player in the industry. Quotation Marks Graphic

EBITDA margin, up from 8% at investment


CAGR in revenues despite recession

What did the business need?

  • Support during downturn
  • International growth including emerging markets
  • Operational improvement
  • Management support

How did private equity backing create lasting value?

  • Developed a restructuring plan
  • Put in place a new, experienced management
  • Invested more than DKK150 million on new manufacturing facilities and the acquisition of a complementary business in Russia
  • Improvements to manufacturing, sales and back office functions
  • Benefit of Polaris’ quarterly expertise-sharing workshops focusing on key management areas such as LEAN, M&A, HR and profitable growth

What outcomes did private equity investment achieve?

  • EBITDA margin improvement from 8% to 25%, with profits rising from DKK23m to DKK78m
  • Net debt more than halved between 2009 and 2012
  • Globally diverse business – largest country accounts for just 12% of sales
  • Developed business plan ahead of realisation for next phase of Skamol’s growth

More information


Polaris Private Equity


What can I do to manage cookies stored on my computer or phone?

You can accept or refuse cookies. Accepting cookies is usually the best way to make sure you get the best from a website.

Most PCs automatically accept them but you can change your browser settings to restrict, block or delete cookies if you want. Each browser is different, so check the 'Help' menu of your particular browser (or your mobile phone's handset manual) to learn how to change your cookie preferences. Many browsers have universal privacy settings for you to choose from.

Help on how to set and customise your cookie settings for your browser

How to manage cookies in Internet Explorer

Cookie settings in most versions of Internet Explorer can be found by clicking the tools option and then the privacy tab.

How to manage cookies in Firefox

Cookie settings in Firefox are managed in the Options window's Privacy panel. See Options window - Privacy Panel for information on these settings.

How to manage cookies in Chrome

Click on the spanner icon on the toolbar, select settings, click the under the bonnet tab, click on content settings in the privacy section.

How to manage cookies in Opera 

You can manage cookies in Opera if you Click on settings, then Preferences, then Advanced and finally Cookies

How to manage cookies in Safari

Choose Safari, then preferences and then click security. You should then be able to specify if and when Safari should accept cookies.

To manage cookies on your mobile phone please consult your manual or handbook.

Get more help about how cookies work with specific browsers.

What happens if I don't accept cookies?

If you decline cookies, some aspects of Invest Europe site may not work on your computer or mobile phone and you may not be able to access areas you want on the website. For this reason we recommend that you accept cookies.

What happens if I delete my cookies?

If you delete all your cookies you will have to update your preferences with us again and some aspects of our site may not work.

What happens if I change computers or mobile?

If you use a different device, computer profile or browser you will have to tell us your preferences again.

If you'd like to learn more about cookies in general and how to manage them, visit aboutcookies.org.

We can't be responsible for the content of external websites.

Opt-out of cookies


Join today

This is for members only. To view in full login or join Invest Europe today.