Sector News

Topsøe family looking for investor in Haldor Topsoe

June 13, 2018
Energy & Chemical Value Chain

The Topsøe family and Haldor Topsoe have initiated a search process to find a potential investor in Haldor Topsoe to help accelerate growth, the company announced today.

The family is the owner of Haldor Topsoe Holding, the parent of Haldor Topsoe. It is the owners’ intention to list Haldor Topsoe A/S shares within five to seven years. Haldor Topsoe Holding will remain the long-term majority shareholder of the company.

Haldor Topsoe has undergone major restructuring recently in preparation for future growth. “We wish to strengthen our capital base by inviting one or more financial partners to invest in Haldor Topsoe with a long-term intention to list the company. We believe that long-term majority shareholders combined with minority shareholders on the stock exchange is proven to be a very strong ownership structure for resilient and profitable development. Our ambition is to grow organically and potentially also drive growth through acquisitions,” says Jeppe Christiansen, chairman of the board of Haldor Topsoe A/S.

A future financial minority partner would be able to own a significant share of the company with an option of an initial public offering. “We believe that inviting one or more investors on board, on terms acceptable to us, will enable Haldor Topsoe to accelerate the development of solutions that can further strengthen the business and make a positive difference in the world,” says Jakob Haldor Topsøe, chairman of Haldor Topsoe Holding.

The range of search will be selective but not limited to a specific type of investor, the company says. Skandinaviska Enskilda Banken (SEB) and Citigroup have been appointed as advisers in the search process.

Haldor Topsoe, a catalysis company, was founded in 1940 by Haldor Topsoe. Today is it one of the world leaders in high-performance catalysts and proprietary technologies for the fertilizer, chemical, petrochemical, and refining industries. In 2017 its revenue was approximately $760 million. The company employs more than 2,300 people.

By Natasha Alperowicz

Source: Chemical Week

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