Nordic private equity fund FSN Capital has acquired 45% of the Danish utility solar park operator Obton.
FSN Capital partner Lars Denkov said the private equity fund sees “enormous potential” in Obton Group.
Denkov said: “At FSN, we have a strong belief that the green transition of the energy system to renewable energy is one of the most interesting investment themes for the coming decades.
“As one of the largest and most experienced developers, administrators and investors in solar energy in Europe, the Obton Group is very well positioned in this fast-growing industry.”
Obton co-founder and CEO Anders Marcus said Obton had wanted to bring “some stronger competencies” into the company and expand its boardroom’s international knowledge and experience.
“We now get that with FSN Capital’s entry into the company. We are both proud and happy to be able to attract such a competent investor,” said Marcus.
“Both Obton Group and FSN Capital share a value base that the business is run in a proper and sound manner, and it has been important to us that this continues in the new collaboration,” added Marcus.
Obton is the ninth largest administrator of solar parks in Europe.