Kvadrant Consulting acted as the exclusive commercial advisor to Capidea in their acquisition of a majority stake in HASLE Refractories A/S
Capidea has acquired a majority stake in HASLE Refractories A/S, a Bornholm-based manufacturer of advanced refractory solutions used in high-temperature, high-wear industrial environments such as cement, steel, and waste-to-energy production.
The transaction marks a new partnership between Capidea and HASLE, supporting the company’s ambition to accelerate international expansion, strengthen the product portfolio, and continue investing in innovation and technical excellence.
Kvadrant Consulting supported Capidea as the exclusive commercial adviser on the transaction, conducting a detailed assessment of market opportunities, customer needs, and HASLE’s long-term growth potential.
With Capidea’s backing, HASLE is well positioned to scale its proven technologies, strengthen its global presence, and continue delivering high-performance refractory solutions to industrial clients worldwide.
HASLE Refractories develops, manufactures, and supplies high-performance refractory materials for demanding industrial processes. Its castables, precast elements, and proprietary Ceramic Vortex Finder (CVF) are used by leading cement, steel, biomass, and waste-to-energy plants across the world.
Founded in 1843 on Bornholm, HASLE has built a strong international reputation for quality, durability, and technical expertise. The company maintains in-house R&D capabilities, a rigorous materials testing program, and long-term relationships with industrial customers.
Capidea is a Danish private equity fund making long-term investments in competitive small and medium-sized Danish companies.
Capidea was established in 2006 and has a total capital commitment of approximately DKK 3.6 billion / EUR 473 million in four funds.
Capidea invests in companies within trading, distribution, service, IT and manufacturing. Since 2006, Capidea has acquired 34 companies and Guardique is the eighth investment in Capidea’s latest fund, Capidea Kapital IV K/S, which was established in April 2023 with a total capital commitment of DKK 1.3 billion / EUR 175 million.
Sixten leads our Transactions & Strategy practice, partnering with private equity and corporate clients on target identification, commercial due diligence, value realization, company and commercial strategy, and exit optimization.
Jonathan specializes in designing, driving and implementing critical marketing transformations across the marketing landscape, including brand and thought leadership, solution marketing, product launch and go-to-market.
We are growing and rapidly onboarding new clients to the Kvadrant tribe. Want to help them realize the full potential of their commercial organization?
We’re a team of commercial specialists experienced within change and transformation on both individual and organisational levels.
Kvadrant Consulting is a Copenhagen-based management consultancy focused on driving growth by designing, developing and accelerating the full commercial engine of global companies.
Palægade 8, 3. | 1261 Copenhagen | Denmark
Phone: +45 70 27 02 23
Mail: info@kvadrant.dk
