EnergyWatch

Norwegian capital fund makes fortune flipping Danish JSB Group

The Danish manufacturer of turbine blade cores JSB Group has been sold to a Swiss industrial giant after only two years of ownership under Verdane Capital. The Norwegian fund made a fortune on the asset.

Photo: LM Wind Power

Norwegian capital fund Verdane Capital can deposit DKK 520 million (EUR 70 million) into its account after selling Danish wind turbine core manufacturer JSB Group, which has only been active on the market for subsuppliers to the wind energy industry for two years.

The capital fund has thereby already regained a very large part of its investment from 2016, when it acquired three Danish subsuppliers, Jupiter, JSB Group and Polytech.

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