ABGSC acted as financial adviser to Spectre and Dansk Ejerkapital in connection with the divestment of 75% stake to Schouw & Co.

Schouw & Co. has entered into an agreement to acquire a majority stake in Spectre, a long-standing family-owned company and specialised B2B manufacturer of premium functional outdoor and sportswear apparel.

Spectre is a full-service OEM manufacturer with production facilities in Vietnam and a strong position within the premium outdoor apparel segment, serving leading international brands. The company has delivered solid historical growth and profitability and expects a revenue of DKK ~1.0bn with an EBITDA margin of 15-17% in the 2026 calendar year. The acquisition represents a new platform investment for Schouw & Co. and aligns with the Group’s investment strategy of acquiring well-positioned, leading companies with long-term growth potential. As a long-term industrial owner, Schouw & Co. will support Spectre’s continued development through capital allocation, further professionalisation and international scaling, while preserving its dedicated customer focus and operational foundation. The Klausen family will remain involved as minority investors, and the existing management team will continue in their roles.

The transaction amounts to DKK 1.1bn upfront on an EV basis with an additional amount of up to DKK 200m contingent on the financial performance in the coming years. Closing is expected in the third quarter of 2026.

ABG Sundal Collier would like to extend its gratitude for the opportunity to advise Spectre and Dansk Ejerkapital on this transaction and looks forward to following the Company’s continued growth journey under Schouw & Co.’s ownership.