GSV Pavilion was a subsidiary of G.S.V. Materieludlejning – the largest rental equipment company in Denmark. G.S.V. Materieludlejning wanted to focus solely on equipment rental, thus the modular space business of GSV was divested. GSV Pavilion operates approximately 1,600 pavilions in the Danish market, delivering flexible re-housing solutions to the public sector as well as corporate customers, focusing on schools, kindergartens and offices

TSN, a portfolio company of the Sweden-based private equity firm Procuritas, provides high-quality modular space solutions for temporary space needs primarily for accommodation, schools, health care centres and office spaces in Sweden, Norway, Denmark and Finland. TSN was founded in the 1980s and was previously a separate business unit within Ramirent

The acquisition of GSV Pavillion will strengthen TSN’s Danish footprint. The combined business is expected to have pro-forma sales of SEK 425m

*Completed by the HCN Partners team when employed at Handelsbanken