Kirk Kapital and a group of shareholders acquire Mobilhouse from private equity firm Adelis. Mobilhouse is one of the country’s market leaders within temporary sustainable modular spaces.

Danish company Mobilhouse A/S was established in 1961, and for many years focused on producing, renting out and selling portable cabins. Since 2017, the company has shifted its strategic focus from portable cabins to rental of modular spaces for a variety of purposes, with specific requirements regarding functionality, indoor climate, aesthetics, and sustainability. Private equity firm Adelis has owned Mobilhouse since 2019. Kirk Kapital will own 50 per cent going forward, while Steffen Thomsen, Martin Mikkelsen and the management team will own the remaining shares.

Kim Gulstad, CEO of Kirk Kapital, welcomes the partnership with Mobilhouse.

“Temporary modular spaces are increasingly gaining ground as an effective and sustainable means of meeting the need for more space. Mobilhouse provides cost-effective and flexible solutions for this market. In addition, Mobilhouse is one of the few players on the market that can deliver modular buildings bearing the Nordic Swan ecolabel. We are therefore delighted to become a shareholder in Mobilhouse and intend to support a plan for Mobilhouse to invest significant funds in expanding its portfolio of sustainable modular solutions,” he says.

The customer base is made up of a broad portfolio of both public and private customers in Denmark. The modules can be combined and relocated as needed, often eliminating the need to build new permanent structures. Steffen Thomsen has been on the board of the company since 2019. In connection with completion of the transaction, Steffen will continue as a shareholder and become chairman of the board of Mobilhouse.

“With the strategic shift during recent years, Mobilhouse has now established a solid and scalable business, run by a capable management team. On behalf of Adelis, I would like to thank the management team and employees for their strong efforts these past years. At the same time, I look forward to continuing my involvement with the management team and the company, focusing on further accelerating the growth of the business in the coming years,” says Steffen.

Benny Møller will continue as CEO of Mobilhouse. He also looks forward to further accelerated growth for the company in the coming years.

“The level of activity at Mobilhouse has never been greater and I look forward to further acceleration in the coming years. Kirk Kapital and the rest of the shareholder group share our values and focus on developing a sustainable business. Their skills and approach to active ownership make them ideal partners going forward,” he says.

The transaction was signed and completed on 23 November 2022.

About Mobilhouse

With more than 60 years of experience, Mobilhouse is one of the country’s leading companies within production and construction of temporary modular buildings. Mobilhouse focuses on offering sustainable modular solutions to its customers, including modular buildings bearing the Nordic Swan ecolabel. Mobilhouse produces the actual modules in Fredericia. It also has a branch in Bjaeverskov. The modular structures are timber-based and have a carbon footprint that is approximately 50 per cent lower than the average new build.

The majority of Mobilhouse’s inventory has been constructed in accordance with building regulations for permanent structures. In other words, the modules comply with the same standards as all other new buildings in Denmark in terms of insulation, ventilation, natural light, etc.

About Adelis

Adelis is a growth partner for well-positioned, Nordic companies. Adelis partners with management and/or owners to build businesses in growth segments and with strong market positions. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, making 36 platform investments and more than 160 add-on acquisitions. Adelis today manages approximately €2.5 billion in capital. For more information, please visit www.adelisequity.com

About Kirk Kapital

Kirk Kapital is a family-owned investment company owned by the Kirk Johansen family. The Kirk Johansen family are descendants of Ole Kirk Christiansen, who established LEGO. Kirk Kapital manages approx. EUR 1.9bn in AUM invested within Strategic Investments and Financial Investments. Within the Strategic Investments, Kirk Kapital is an active and long-term owner with larger minority positions in Beck Pack, Cookie Information, Dansk Træemballage, Danske Stenhuggerier, Ellepot, FMD, Globeteam, KOMPAN, Promon, Scanmetals, Tacton, TITAN Containers, TP Aerospace, TPS Rental Services, and VivoMega.

Contact details

Morten Huse Eikrem-Jeppesen, PressConnect for Kirk Kapital, +45 53 85 07 70

Steffen Thomsen, Chairman Mobilhouse, +45 40 28 34 09

Benny Møller, CEO Mobilhouse, +45 20 20 62 66