What investment strategy does BWB Partners focus on?

BWB Partners focuses on Buyout strategies in the private equity space.

How many portfolio companies does BWB Partners have?

BWB Partners has 4 active portfolio companies and 16 completed exits and 2 funds tracked on GP Intel.

Where is BWB Partners headquartered?

BWB Partners is headquartered in Kokkedal, Denmark.

What is BWB Partners's assets under management?

BWB Partners manages approximately €308M in assets under management.

When was BWB Partners founded?

BWB Partners was founded in 2015.

What sectors does BWB Partners invest in?

BWB Partners invests across Industrials, Consumer, Business Services, Healthcare, Energy.

What are BWB Partners's recent exits?

Recent realized exits by BWB Partners include: ZITON (2025) to Macquarie Asset Management; Holmris B8 (2024) to Mentha Capital; HOLMRIS B8 A/S (2024) to Mentha Capital; Qubiqa (2021) to Private investor group; Heatex (2020) to Madison Industries; Pedax (2020) to IBL Group; System Frugt (2020) to Midsona; iMPREG Group (2019) to FSN Capital.

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BWB Partners

Kokkedal, Denmark·Founded 2015·

Buyout

·bwbp.dk

BWB Partners is an independent, owner-led Danish private equity firm founded in 2015 through the reorganisation of the former Odin Equity Partners funds, based in Kokkedal north of Copenhagen. It takes majority and significant stakes in small and medium-sized companies with turnover up to DKK 750m in Denmark, southern Sweden and northern Germany, pursuing buyouts, industry consolidation, add-on acquisitions, spin-offs and operational improvement. The firm manages two funds, BWB Partners I and II, with combined commitments of DKK 2.3bn. In June 2022 the entire BWB team joined Benelux lower-mid-market firm Mentha to keep investing in the Nordics while realising the remaining BWB assets.

AUM

€308M

Funds

vintages 2006–2012

Portfolio

Exits

BWB Partners is a Kokkedal buyout firm with €308M AUM, 4 active companies and 16 exits.

SectorsIndustrials Consumer Business Services Healthcare Energy

Key takeaways

·4 exits in the last 5 years · consistent DPI cadence.
·Average hold across 16 realized deals: 8 years.
·Top sector focus: Industrials (45% of portfolio).
·Fund cadence: ~6Y between vintages · last raise 2012.

Sector breakdown

20 companies

Industrials

9 · 45%

Consumer

5 · 25%

Business Services

2 · 10%

Construction

1 · 5%

Energy

1 · 5%

Logistics

1 · 5%

Healthcare

1 · 5%

Geography breakdown

3 geographies

Denmark

18 · 90%

Sweden

1 · 5%

Germany

1 · 5%

Key facts

HQKokkedal, Denmark

Founded2015

Websitebwbp.dk

Recent exits

BWB Partners sold Ziton to Macquarie Asset Management in 2025 after 13 years.

BWB Partners sold Holmris B8 to Mentha Capital in 2024 after 7 years.

BWB Partners sold Holmris B8 A/S to Mentha Capital in 2024 after 7 years.

BWB Partners sold Qubiqa to Private investor group in 2021 after 15 years.

Coverage notes

2 funds tracked, 20 portfolio companies (4 active · 16 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund BWB Partners has raised, with its portfolio companies. Hand-checked from public filings.

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

BWB Partners IIHarvesting

Small-Mid Buyout2012€134M2 assets5 exits

Small-Mid Buyout

2012 · 14yr

€134M

Unrealized

2 held

Company	Entry
Jupiter Bach Industrials · Denmark	2015
SH Group Industrials · Denmark	2012

Realized

5 exits

Company	Entry	Exit	Type	Buyer	MOIC
iMPREG Group Construction · Denmark	2016	2019	Secondary	FSN Capital	–
SFK Food Consumer · Denmark	2012	2014	Trade Sale	Solina Group	–
SSG Business Services · Denmark	2012	2019	Secondary	Polaris	–
Weiss Industrials · Denmark	2013	2017	Trade Sale	Thermax Ltd.	–
Ziton Energy · Denmark	2012	2025	Trade Sale	Macquarie Asset Management	–

BWB Partners IHarvesting

Small-Mid Buyout2006€174M2 assets11 exits

Small-Mid Buyout

2006 · 20yr

€174M

Unrealized

2 held

Company	Entry
Hydratech Industries Industrials · Denmark	2008
Transmedica Healthcare · Denmark	2007

Realized

11 exits

Company	Entry	Exit	Type	Buyer	MOIC
Biva Consumer · Denmark	2006	2009	Trade Sale	Straumur Investment Bank	–
Green House Consumer · Denmark	2006	2011	–	–	–
Haarslev Industries Industrials · Denmark	2006	2012	Secondary	Altor Equity Partners	–
Heatex Industrials · Sweden	2006	2020	Trade Sale	Madison Industries	–
Holmris B8 Consumer · Denmark	2017	2024	Trade Sale	Mentha Capital	–
Holmris B8 A/S Industrials · Denmark	2017	2024	Secondary	Mentha Capital	–
Novia Business Services · Denmark	2010	2011	Trade Sale	Aviator Airport Alliance	–
Pedax Industrials · Germany	2007	2020	Trade Sale	IBL Group	–
Qubiqa Industrials · Denmark	2006	2021	Trade Sale	Private investor group	–
Scan Global Logistics Logistics · Denmark	2006	2016	Secondary	AEA Investors	–
System Frugt Consumer · Denmark	2010	2020	Trade Sale	Midsona	–

Frequently asked questions

What investment strategy does BWB Partners focus on?: BWB Partners focuses on Buyout strategies in the private equity space.
How many portfolio companies does BWB Partners have?: BWB Partners has 4 active portfolio companies and 16 completed exits and 2 funds tracked on GP Intel.
Where is BWB Partners headquartered?: BWB Partners is headquartered in Kokkedal, Denmark.
What is BWB Partners's assets under management?: BWB Partners manages approximately €308M in assets under management.
When was BWB Partners founded?: BWB Partners was founded in 2015.
What sectors does BWB Partners invest in?: BWB Partners invests across Industrials, Consumer, Business Services, Healthcare, Energy.
What are BWB Partners's recent exits?: Recent realized exits by BWB Partners include: ZITON (2025) to Macquarie Asset Management; Holmris B8 (2024) to Mentha Capital; HOLMRIS B8 A/S (2024) to Mentha Capital; Qubiqa (2021) to Private investor group; Heatex (2020) to Madison Industries; Pedax (2020) to IBL Group; System Frugt (2020) to Midsona; iMPREG Group (2019) to FSN Capital.