FSN to exit HusCompagniet

FSN Capital has agreed to sell Danish brick house retailer HusCompagniet to EQT. No financial terms were disclosed. FIH Partners, Accura and Deloitte advised FSN on the transaction.


FSN Capital has entered into an agreement to divest the leading Danish brick-house retailer, HusCompagniet, to EQT VI, part of the private equity group EQT.

HusCompagniet has over the past few years increased its market share in Denmark significantly and has established positions in Sweden and Germany with growing market shares. As a result, HusCompagniet is now the fastest growing and most profitable single-family house builder in Northern Europe.

HusCompagniet is the clear market leader in the Danish single-family house building market with attractive emerging market positions in Sweden and Germany. By combining a high quality house concept with strong customer focus, HusCompagniet has managed to increase its market share in Denmark significantly despite difficult market conditions.

Thomas Broe-Andersen, Partner at FSN Capital says: ”HusCompagniet has been a perfect match for us and we feel proud of what the company has achieved during our four-year ownership period. Together with management we have been able to grow the company significantly in a declining Danish market and implemented our ambitious growth strategy for Sweden and Germany.”

Thomas Broe-Andersen continues: “As a result, the company represents a strong platform for the next part of the journey in international markets based on a solid concept and a strong management team.”

CEO of HusCompagniet, Steffen Baungaard says: “FSN Capital has been a great partner for us over the past four years in our transition to becoming the fastest growing and most profitable company in our industry in Northern Europe. We have managed to create an award-winning concept combined with high ambitions throughout the organization. I am very much looking forward to continuing the international expansion and the success of HusCompagniet.”

Morten Hummelmose, Partner at EQT Partners, investment advisor to EQT VI says: “EQT has followed HusCompagniet for several years and we are impressed by the quality and dedication of both the employees and management. We are also impressed by the strong Danish market position and the fast growing positions in Germany and Sweden. We believe HusCompagniet has an excellent platform to pursue further growth.”

The transaction is subject to regulatory approvals from the competition authorities.

The parties have agreed not to disclose the transaction value.

FSN Capital has been advised by FIH Partners, Accura and Deloitte.