LETT assisted British P/E fund Montagu Private Equity in its acquisition of DEAS A/S from Danish pension funds PKA and Sampension.

DEAS was established by PKA in 1989 as a management and service company for the property sector and later on Sampension came in as a shareholder. The accounts of recent years show sound financial developments and, in 2014, revenue reached DKK 402m and operating profit (EBIT) reached DKK 36m.

Today, DEAS manages a property portfolio of approximately 2,000 commercial and residential properties predominantly owned by institutional investors as well as other professional investors, including pension funds, private equity funds and property companies.
 
- The potential for further growth is vast and we are looking forward to becoming partners with Montagu and benefitting from their experience in supporting enterprises by investing in and capitalising on the opportunities available, says DEAS CEO Henrik Dahl Jeppesen to Danish financial paper Borsen.