MCF acted as financial advisor to Adapteo Group on its acquisition of the modular building rental business of JYTAS A/S
Adapteo Group (“Adapteo”), the leading provider of adaptable space solutions for social infrastructure across Europe, has agreed to acquire the rental business of JYTAS A/S (“JYTAS’ Rental Business”), a premium modular building rental company in Denmark. JYTAS’ Rental Business has earned an exceptional reputation for its superior quality and swift delivery across the country, offering solutions for offices, schools, and healthcare applications, among others. In 2023, JYTAS’ Rental Business generated rental revenue of DKK 80m.
MCF advised Adapteo and its owners, including Goldman Sachs Asset Management, throughout the process and facilitated the transaction through its proven ability to successfully execute cross-border buy-side projects.
Our clients press release can be found here.
The Deal
As a result of the acquisition, Adapteo strengthened its market position in the fragmented Danish market and further contributed to expanding its portfolio and offering in the country.
The Target
JYTAS’ Rental Business comprises four rental companies: JYTAS Projekt I-IV ApS, which offers high-quality adaptable buildings for rental to the public and private sectors in Denmark, and Athome Femern ApS, which provides accommodation for workers near the Femern infrastructure construction project. In 2023, JYTAS’ Rental Business generated rental revenue of DKK 80m.
About Adapteo
Adapteo is a leading provider of premium, modular space solutions to meet diverse social infrastructure needs across Europe. With a focus on adaptability, circularity, and community development, Adapteo is advancing the industry’s approach to environments for learning, living, and working. Adapteo has a building portfolio of 1.5 million square meters and branches in Sweden, Finland, Norway, Denmark, Germany, Belgium, the Netherlands, and the Baltics. Goldman Sachs Asset Management acquired Adapteo Group in 2021.
