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9 November 2022

A.P. Moller Holding to increase focus on growth equity

A new team will focus on global growth equity investing – supporting the thematic approach focused on long-term mega trends. In addition to generating attractive financial results, the objective is to leverage and continue to enhance domain knowledge within our core areas of expertise

As part of our long-term plan, A.P. Moller Holding has in recent years focused our new investments on acquiring control of companies that are underpinned by long-term mega trends while delivering on our desire to drive a positive impact on society, ‘nyttig virksomhed’, as well as having a good fit with areas in which our Group has unique, value-added capabilities. These efforts have resulted in the acquisitions of KK Wind Solutions, Faerch, Nissens Cooling Solutions, and Unilabs.

In parallel to these activities, we have incubated ZeroNorth, a software company providing a centralised, integrated approach to shipping optimisation, Innargi, a geothermal heating provider, as well as Iv3 Aqua, an emerging markets focused platform for wastewater treatment and desalination.

“We are taking the next step in our journey to establishing ourselves as a leading investment house by announcing an increased focus on growth equity, especially targeting later stage investments. We have hired Chetan Mehta, an experienced growth investor, to be based in Copenhagen and he is tasked with establishing a growth team and overseeing the investments. Within growth equity, we will follow our thematic investment approach and be focused on global trade, demographic changes, the energy transition and circularity.”
Jan T. Nielsen, Chief Investment Officer at A.P. Moller Holding

Chetan Mehta has a background in both private and public market investing with previous roles as Managing Director at Tybourne Capital in Hong Kong, and as an investor at King Street Capital Management and Blackstone Private Equity in London and New York.

“I am delighted to join A.P. Moller Holding and build out the growth equity portfolio and investment team. The increased focus on growth equity enables us to expand the scope and scale of businesses we invest in to maximise the positive impact to society. During this period of tumult in private markets, particularly the late-stage, our patient, long-term capital and focus on multi-decade trends allow us to deliver a highly differentiated proposition to growth-stage entrepreneurs. We are excited to partner with founders around the world as we help them transform their businesses from regional champions into global leaders.”
Chetan Mehta, Head of Growth Equity at A.P. Moller Holding

A.P. Moller Holding’s growth equity efforts have already resulted in investments in Forto, Green Hydrogen Systems, Loadsmart, Blue Ocean Robotics and, most recently, project44.

With the establishment of the new team these efforts are expected to increase.

For further information please contact Mika Bildsøe Lassen, Head of Branding and Corporate Communications, or +45 2055 2655

News from the A.P. Moller Group

A.P. Moller invests in Tenderd

Tenderd is a global leader in digital transformation for heavy equipment management and operations.

Chetan Mehta, Head of Growth Equity at A.P. Moller Holding, said: “Tenderd is a leader within telematics solutions with a platform that offers real-time visibility and insights for heavy equipment across a range of industries. Their solutions enhance operational efficiencies, improve safety and mitigate carbon emissions. We are excited to be investing in Tenderd and we look forward to contributing to their continued growth.”

Novo Holdings and A.P. Moller Holding back CIRCTEC, a leader in pyrolysis for sustainable end-of-life tyre recycling, in a €150 million financing round

Novo Holdings and A.P. Moller Holding have enabled a €150 million fundraise for CIRCTEC by leading with a €75 million equity investment. Financing includes €22.5 million of grants awarded by the Government of the Netherlands.

Svitzer joins the A.P. Moller Group

We are happy to welcome Svitzer as a stand-alone company to the A.P. Moller Group.