ABGSC acted as exclusive financial advisor to TITAN Containers A/S in the sale of a 30% stake to KIRK Kapital A/S

TITAN and KIRK Kapital have today announced that KIRK Kapital partners with TITAN and acquires a 30% stake in the company.TITAN is a global supplier of storage solutions and in particular ArcticStore temperature controlled storage from -65°C to more than +30°C. With offices in 17 countries across three continents, TITAN services its many customers from more than 100 depots globally. In connection with the transaction, KIRK invests around DKK 140 million to support the continued growth in the rental fleet and global operations in TITAN. The transaction values TITAN at more than DKK 1 billion. The valuation obtained is above the valuation indicated by ABG Sundal Collier in August 2019 prior to being engaged. End August 2019, TITAN engaged ABG Sundal Collier with the instruction to find the right partner for TITAN prior to Christmas. In addition, the owner also choose to make a partial succession to his children in connection with the minority transaction, which required a re-organisation of the corporate structure. Lastly, TITAN also refinanced its capital structure simultaneously with the transaction.
ABG Sundal Collier acted as exclusive financial advisor to TITAN in connection with the minority sale, and ABG Sundal Collier also acted as debt advisor to TITAN in connection with refinancing of its capital structure.