Denmark-based coatings manufacturer Hempel announced that it completed a partnership with CVC Funds as a minority investor. The arrangement includes the appointment of Christoffer Sjøqvist and Michael Lavrysen to the board of directors.
Sjøqvist and Lavrysen are partners at CVC Denmark. The former joined the company in 2006 and is a member of the CVC Nordics team, based in Copenhagen. Lavrysen started at CVC in 2005 and is a member of the company’s strategic opportunities investment platform, based in Brussels.
“I have had the chance to get to know both Christoffer and Michael firsthand and highly value their deep knowledge and unique experience that will support Hempel’s accelerated growth journey,” board chair Richard Sand said in a statement. “We look forward to our future partnership and have no doubt that with Christoffer and Michael’s contribution to the board, we are in a strong position to make the next great leaps in Hempel’s future.”
Hempel, which manufactures Silic One antifouling for the U.S. boating market, also announced that Eric Alström stepped down from the board and that Søren P. Olesen was appointed deputy chair.
