Adelis Equity Partners Fund II (“Adelis”) has divested its majority stake in Mobilhouse, a provider of temporary modular buildings for offices, schools, kindergartens and offices, to a consortium led by investment firm Kirk Kapital.

Following the acquisition by Adelis in 2019, Mobilhouse executed a successful roll-out of its modular space offering fuelled by, amongst other, ESG initiatives targeted towards public customers. In addition, the company has successfully shifted towards a 100% rental model.

In connection with the transaction, Steffen Thomsen, Senior Adviser at Adelis, will become the Chairman of the Board at Mobilhouse.

“Thanks to the strategic shift during recent years, Mobilhouse now has a solid and scalable business, with a strong management team. On behalf of Adelis, I would like to thank management and employees for their strong efforts these past years. At the same time, I am looking forward to continuing my involvement with management and the company, with a focus on further accelerating the growth of the business in the coming years” says Steffen Thomsen.

Benny Møller, CEO of Mobilhouse says: “The activity level at Mobilhouse has never been higher and I am grateful for the support we have received from Adelis and the board of directors over these past years. I am looking forward to working with the new ownership group to continue the development of our business”.

The parties have agreed not to disclose the purchase price.

Adelis was advised by Carnegie and Kromann Reumert on the transaction.

For further information:

Steffen Thomsen, Adelis Equity Partners, steffen.thomsen@adelisequity.com

Caroline Lundgaard, Adelis Equity Partners, caroline.lundgaard@adelisequity.com

About Mobilhouse

Mobilhouse is a leading Danish provider of temporary modular buildings for offices, schools, kindergartens, offices and building sites to private and public customers across Denmark. The business was founded in 1961 and has a build strong ESG focus and offering during recent years – Mobilhouse was for example one of the first provider of Swan ecolabelled buildings in the Nordics.  Mobilhouse is headquartered in Fredericia. For more information, please visitwww.mobilhouse.dk.

About Adelis Equity Partners

Adelis is a growth partner for well-positioned, Nordic companies. Adelis partners with management and/or owners to build businesses in growth segments and with strong market positions. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, making 36 platform investments and more than 160 add-on acquisitions. Adelis today manages approximately €2.5 billion in capital. For more information, please visit www.adelisequity.com.