Investment decision into the HTC Sweden
Sometime in May of 2013, Danish private equity investor Polaris bought HTC Sweden. HTC Sweden is a global manufacturer as well as developer of expert floor solutions and floor grinding systems. Polaris obtained HTC Sweden from Gunn as well as Hakan Thysell, who also remain majority owners having a 60% stake and also founded the organization in 1987. Additionally, 3i Group sold their interest of 40% to Polaris.
HTC Sweden is headquartered within Soderkoping, Sweden. Recently the company has experienced quick growth through releasing new items and expanding in to new marketplaces. At present, coverage of HTC Sweden is in more than 60 nations around the world, including U.K, U. S, France and Germany. In 2012, HTC Sweden’s revenues had been SEK 370m.
HTC Sweden creates new methods of floor preparation and also floor solutions which are sturdier, more affordable, longer-lasting, and more enhanced for the environment compared to options provided by its competitors. In the international market with respect to diamond cleaning system, floor grinding machines, as well as polished concrete, HTC Sweden continues to be recognised as the key leader.
Strongly based on expansion both acquisitive and organic, HTC Sweden is at the moment getting support through Polaris for the ambitious growth technique. For ongoing focus on innovation that will assist to create powerful customer loyalty and a competitive benefit, Polaris will assist HTC to achieve this.
Comment from Peter Ankerst, partner at Polaris who was enthusiastic about the buyout of HTC Sweden, stated that this business was very scalable and headed by a visionary administration. Additionally, Lars Landin, the current CEO of HTC Sweden, explained that having Polaris as an owner means wider access to capital resources as well as skills required to be able to reap advantages of the following stage of development.
Among HTC Sweden’s interesting pending future projects is by using its grinding technology on asphalt roadways in Sweden. In order to run the job called "Via Futura", HTC Sweden received a grant of SEK 4 million. HTC Sweden estimates that their grinding method can lengthen the life of the road by as much as 50%. This particular project is likely to be completed around December of 2015. Either on parts of the roadway or perhaps across its entirety, the grinding can be achieved both ways.
Polaris Private Equity located within Copenhagen, Denmark. Polaris has committed to 28 organizations, made 14 realizations, and completed 50 additional acquisitions, since its founding in 1998. Board of Independent Executive Directors subject all investment decisions made by a committee composed of the Polaris’ partners to final authorization. Polaris’ approach is always to focus on lower mid-market organizations in Sweden and Denmark given their high performance potential. Polaris commits to market leaders or niche companies. Peter Ankerst is part of a team consisting of two Swedish and five Danish partners. Fund of funds, family funds and private investors, insurance and life-insurance organizations, banking institutions, and pension funds are all investors within Polaris' Fund III.
Peter Ankerst’s Polaris is only one of several much talked about private equity firms operating away from Sweden. Others consist of Nordic Capital’s Fund V (Managing Partners Joakim Karlsson and Kristoffer Melinder) as well as Triton Partners co-founder Pedar Prahl.
