Odin becomes majority owner of Novia
Odin Equity Partners has invested in Novia, the largest independent supplier of ground handling services in Scandinavia.
Odin Equity Partners will become the new majority shareholder of the company, while the former majority sharholder Lars Thuesen and the management of Novia will be minority owners. The new owners are aiming to strengthen the company's position as the preferred independent supplier to the airlines in Copenhagen and Malmo.
The investment in Novia is the first investment in Odin's second fund.
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| Fund | Odin Equity II |
| Portfolio Company | Novia |
| Date of Transaction | 2010-06-16 |
| Transaction | Acquisition |
| Seller | |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | Industrial |
| Geography | Denmark, Sweden |
| Stage | Small/mid-cap buyout |