DreistStorgaard has assisted the Danish company FabricAir in connection with the purchase of Borealis Wind Inc. in Canada.
DreistStorgaard has a long-term customer relationship with FabricAir, which, based in Denmark, has developed into a global market leader in the design and production of textile-based air distribution solutions for a wide range of applications.
Before the purchase of Borealis Wind, FabricAir had already established itself with subsidiaries in 15 countries, including the USA, China, Turkey, Poland, Lithuania, Germany and a number of other EU countries as well as Mexico.
Borealis Wind is a company started by Daniela Roeper in 2016 that has developed a patent-protected technology for de-icing wind turbine blades.
Together with the local US/Canadian law firm Cozen O’Connor, DreistStorgaard has assisted FabricAir in all aspects of the transaction, including entering into the letter of intent, conducting due diligence, drafting transaction documents and negotiating terms.
Brian Refsgaard, who is CEO and owner manager at FabricAir says: “We chose DreistStorgaard to manage the process around our purchase of Borealis Wind based on the relationship of trust we have with them. Nikolaj Juhl Hansen and Casper Simonsen were the Danish part of the transaction team, and you can tell that they have a lot of experience in process management of this kind of transaction. We have felt well supported throughout. A really good experience”.
Nikolaj Juhl Hansen, who joined DreistStorgaard as a partner in November 2022, was responsible for managing the process for FabricAir and says: “A fantastic opportunity to work with Brian in the expansion of FabricAir’s business. All parties see great opportunities in this acquisition. Helping our customers navigate law and entering into agreements outside Denmark’s borders is a strategic focus area for us, and together with my partner colleague Martin Skovbjerg, I have a team that has extensive experience in this area.”
In the cross-border M&A area, DreistStorgaard has recently, among other things, assisted Brandgruppen in connection with the sale to American Jensen Hughes ( Read more here ) and a number of authorized electrical installers in connection with the sale to the Norwegian capital fund Credo Partners ( Read more here ) .
DreistStorgaard has also recently established an energy team that also focuses on the cross-border area (read more here) just as, in relation to Africa, we have just entered into a strategic partnership with the Nordic organization Africa Innovation Network (read more here), which may very well become the next major growth area for Danish companies and complements the other organizations we are members of and which focus more on the traditional places where Danish companies have established themselves, including England, the EU, the USA and Asia (especially China) .
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