Carnegie acted as exclusive financial adviser to Montagu Private Equity in the acquisition of Covidence.
Covidence is a trusted global specialist electronics manufacturer with a niche focus on miniature covert video surveillance equipment, used by police, intelligence agencies, special forces and other government approved organisations. The company is based in Rønde, Denmark, and has a global customer base, with close relationships to many of the world’s federal agencies. The company has enjoyed rapid growth since its establishment in 2007, and today enjoys a market leading position providing cutting-edge products.
Montagu Private Equity has entered into an agreement to acquire Covidence from its founding shareholders. The incumbent management team, who also helped found the company, will remain with Covidence to further strengthen its position as a global market leader in its space.