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![Portfolio Scandlines](/media/smnpfyvi/portfolio-scandlines.png?width=616&height=370&v=1d98922e4c8d280)
![Scandlines NEW](/media/3xqfqhb0/scandlines_new.png?width=198&height=66&v=1d9b651202d0d90)
Transformed from a state-owned business to a ‘best-in-class’ ferry operator connecting Scandinavia with continental Europe
![Denmark Flag New](/media/gxlheo1j/denmark_flag_new.png?width=50&height=50&v=1d9b33a9c47da50)
2007 - 2018
Good to great
7x
money multipleCargo volumes increased approximately 45% over the investment period
€1.7bn
equity value at exitIncreased EBITDA by more than 60%
Transformed border shops with EBITDA margin contribution almost doubling to c.15%
42,000
departures annuallyBuilt one of the largest customer loyalty programmes in Denmark with >500k members