Rubicon Partners is pleased to announce that it has acquired the Air Pollution Control (APC) division of FLSmidth. This is the first investment made by Rubicon through its Rubicon Partners Fund VI SCSp.
Following the transaction, the APC business will be known as Airnord.
Headquartered in Copenhagen, Denmark, Airnord is a global specialist in Electrostatic Precipitators and other air pollution control systems. Airnord has robust capital and aftermarket services including upgrades and retrofits, maintenance, and spare parts which serve the Pulp & Paper, Metals, and Cement industries primarily.
As a result of Rubicon’s investment, Flemming Jensen will step up to CEO and together with other members of his Management Team will drive the international growth of Airnord. Flemming and the Management Team will become shareholders in the business.
Rubicon Partners was advised by PwC (Financial and Tax), Proskauer Rose (Legal), Kearney (Commercial), AON (Insurance) and Change Mavericks (IT).