CataCap acquires Danish industrial company DAFA Group

Alongside co-investors, Schroders Capital and Bluester Capital, both long time investors in CataCap’s funds, CataCap has acquired the industrial company DAFA Group. CataCap will become the majority shareholder of the group, which specialises in the production of solutions in foam and rubber materials, that seal, protect, and dampen sound. The solutions have applications within construction, wind, and several other industries.

DAFA Group was founded in 1939 by Børge Norby and has been family-owned ever since. Today, DAFA Group is a global player with offices in eight countries and more than 350 employees. The company has grown from a turnover of DKK 432 million in 2017 to DKK 568 million in 2021. The current CEO, Steen Bødtker, will continue in his role and become a coowner of DAFA Group.

“DAFA Group is a robust, innovation-driven Danish niche company with a significant growth potential. The company has a strong entrepreneurial culture and, thanks to its long history, maintains an impressive customer base and strong customer relationships. DAFA Group is highly skilled at constantly developing new products and tailor-made solutions for many different applications, especially within wind and construction. We look forward to contributing to achieve the company’s growth ambitions in the coming years,” says Vilhelm Hahn-Petersen, partner at CataCap.

“We have had a very positive dialogue with CataCap throughout the entire process. We are proud that CataCap will continue to develop our family-owned company. Furthermore, we are pleased that CataCap appreciates the history and essence of the company and will build on this,” say siblings Charlotte and Jacob Norby, the current shareholders of the company.

The acquisition follows CataCap’s investment in Nordmark, a company which like DAFA Group is a supplier to the wind industry. CataCap thus gains significant exposure to the wind industry within two different segments, both of which are essential for the installation and operation of wind turbines.

Aims to capture international growth and focus on sustainability
DAFA Group is present in several countries, including USA, Germany, and China, and therefore has the competencies as well as logistical set-up to expand internationally. With CataCap’s acquisition, DAFA Group will be be primed for expansion into new markets. In addition, the company will work to further reduce waste in production and recycle waste products.

“We are positive that CataCap is the right match. With CataCap’s support, we have the foundation to continue our growth journey with a focus on accelerating international growth while continuing to deliver high quality solutions to our customers. This journey entails, among other things, that we must invest in additional profitable growth. I also look forward to making significant progress within sustainability in the next 5 years, taking further steps to reduce waste in our production and recycle surplus materials among other activities,” says Steen Bødtker, CEO of DAFA Group.

CataCap has been advised by Accura and KPMG, among others. This is CataCap’s 14th investment.

DAFA Group has been advised by Deloitte and Kromann Reumert.

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