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22-502: In 2005, Dirk Markus and Gert Purkert, both former McKinsey consultants, founded Aurelius as a privately held investment vehicle investing in small- and medium-sized companies. In 2006 listed subsidiary Aurelius AG (today: Aurelius Equity Opportunities SE & Co. KgaA) was set up with a start-up capital of € 500,000 . On 1 October 2015 Aurelius changed from a joint-stock company into an limited partnership as SE & Co. KGaA . In April 2021, Aurelius announced that it had launched

44-556: A Mannheim -based manufacturer of water and waste water valves from US-based Rexnord. VAG generated sales of approximately €200 million in its 2017/18 fiscal year with about 1,200 employees. In 2018, it bought Ideal World , a British home-shopping TV Channel, and acquired Connect Books from Connect Group , renaming it to Bertrams Group . In 2016, it acquired the European Business of Office Depot and bought Calumet Photographic , Europe's largest photo equipment dealer. In 2014,

66-482: A publicly owned industrial holding company. Together with Gert Purkert, Markus co-founded investment company Aurelius in 2005. With startup capital of €500,000, they began acquiring companies in special situations and in periods of radical change. Today, Aurelius is a well-known global private equity group. Through various funds and investment vehicles Aurelius is currently invested in almost 50 portfolio companies worldwide. Markus moved to London in 2013 and this

88-609: A support and aid program for people with migration backgrounds. Schleicher Electronic was sold to Aurelius AG in 2007. In August 2019 Aurelius carved out the European operations of ceiling tile and grids business Armstrong from Knauf International. The acquisition was completed in April 2020. Additionally, in August 2019 BT Group sold BT Fleet Solutions to Aurelius. BT Fleet solutions was renamed to Rivus Fleet Solutions. Aurelius acquired VAG,

110-470: A €500 million investment fund specializing in corporate spin-offs and companies in transition, whose investors include US and European university endowments, pension funds, insurance companies and family offices . Due to Aurelius Group’s approach to buying and developing value assets, it is often referred to as the German Berkshire Hathaway . It has five divisions: Aurelius Growth Investments

132-467: Is a Danish multinational company, based in Denmark , with more than 41,928 employees globally. Danfoss was founded in 1933 by engineer Mads Clausen . In 1933 Mads Clausen (1905–1966) founded Dansk Køleautomatik- og Apparatfabrik , later in 1946 the company name was changed to Danfoss . The first product was an expansion valve for refrigeration units, it was developed after studying imported valves from

154-501: Is a long-term oriented private equity investor focussed on succession solutions for small and medium enterprises in Europe. Aurelius Real Estate Opportunities focuses on investments in residential, office, retail, hotel and care properties as well as multi-storey and underground car parks. Aurelius Finance Company is an alternative lender providing capital to European companies. Non-profit charity Aurelius Refugee Initiative e.V. Aurelius conducts

176-501: Is also an important market for Danfoss. In 2013, two new factories were opened on the same day, bringing the number to seven. The Chinese market was the third largest for the company. In 2014, Danfoss purchased Vacon , a VFD manufacturer. The Danfoss Group manufactures products and provides services used in: Danfoss employs approximately 41,928 people worldwide with its headquarters in Nordborg , Denmark . In 2002 Danfoss joined

198-473: Is where he currently lives. In 1988, he set the tyrolean track & field record for 3×1000 m in the men's under-18 category. This record is still held today. In addition, Markus is a passionate racing cyclist , completing the 2017 Castle Ride in Tonbridge, Kent, at a time of 08:03:32. Markus is also an avid art collector and has a collection of over 350 socialist propaganda posters. Danfoss Danfoss

220-486: The United Nations Global Compact , consisting of nine principles with social and environmental responsibility. Bitten og Mads Clausens Fond was established as a self-governing institution in 1971 by Bitten Clausen . Today, the foundation is the biggest shareholder in the company. In 2010, some Danish newspapers reported that Danfoss sold its products to Nazi Germany during World War II . They quoted

242-504: The Multimedia Industry" from St. Gallen and was a visiting research fellow at Harvard University . Markus started his career as a management consultant with McKinsey , where he focused on cost reduction as well as growth programs. He then founded Mercateo, an online business procurement platform where he was responsible for finance and corporate development. Following the sale of Mercateo to German utility E.ON , he co-founded

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264-498: The US. In 1941, activities expanded to products for heating. The thermostatic radiator valve was invented by Mads Clausen in 1943, later patented, and in 1952 promoted as an energy saving device. In 1945 about 224 people were employed at the first factory built at and around the farm where he grew up. There was no more room for expansion and a new larger factory was planned. In 1962 the company started production of power electronics ,

286-453: The acquisition of LSG Group, an airline catering and retail company. [1] in November 2023, Aurelius acquired The Body Shop , a British ethical beauty brand, from Brazilian cosmetics group Natura for £207 million. This acquisition is part of The Body Shop's ongoing changes in ownership, having been previously sold in 2006 and 2017. In November 2023, it was announced that Aurelius was one of

308-542: The book Krigens købmænd ("Merchants of War") by Christian Jensen, Tomas Kristiansen and Karl Erik Nielsen, who stated that Danfoss sold goods to the occupying forces for 408,850 Danish kroner. According to Ole Daugbjerg from Danfoss, they did not trade directly with the Germans. Later in 2001, it was cleared in the book Danfoss under besættelsen ("Danfoss during the Occupation") by Ditlev Tamm although other critics have claimed

330-402: The book might not be neutral because Tamm was paid by Danfoss to perform the investigations. On 7 December 2011 Danfoss was fined 90 million euro for exercising a cartel with Embraco / Whirlpool Corporation , Panasonic , ACC and Tecumseh Products . The cooperation was entered with compressors from April 2004 to October 2007. The basis of the fine is the violation of free competition to

352-687: The companies that were interested in buying online retailer musicMagpie . Scandinavian Cosmetics Group was sold to Accent Equity for €60 million in October 2019. The solid board and printed carton business of the Smurfit Kappa Group, acquired in April 2015, with production sites in the Netherlands, Belgium and the UK, which was later renamed Solidus Solutions, was sold to Centerbridge in June 2019 for €330 million. This

374-608: The double digit billions across various investment segments. Markus was born in Regensburg , Germany to parents Manfred and Ingrid Markus. As a child he moved to Austria where his father was professor of Anglistics at the University of Innsbruck and his mother was a teacher. Markus studied Business Administration with a minor in Russian at the University of St. Gallen , Switzerland . He received his doctorate in "Strategic Cooperation in

396-468: The firm acquired the shoe business of Dr. Scholl's from Reckitt Benckiser . In April 2022, Aurelius completed the acquisition of McKesson UK and its UK businesses in a £477 million deal. The companies acquired by Aurelius include LloydsPharmacy , and AAH Pharmaceuticals . In April 2021, Aurelius completed the acquisition of SSE Contracting From SSE PLC for £27 million and rebranded it to Enerveo post acquisition. In October 2023, Aurelius announced

418-471: The first product was custom-built rectifiers , later in 1968 production of the VLT Frequency converter began, the first of its kind in the world. The company also expanded its activities into hydraulics , the first hydraulic component was produced in the factory in Nordborg in 1964. Mads Clausen died in 1966, at 60. Because his sons were too young to run the company, his widow Bitten Clausen took on

440-514: The group. Following the repurchase, SSE will now work with Enerveo management to conduct a review to develop and implement a longer-term strategy for each part of the business. Dirk Markus Dirk Erich Markus (born January 15, 1971) is a German-born entrepreneur . He is a founding partner of private equity investment group Aurelius .  From an initial investment of €500,000 invested in 2005, Markus created one of Europe's largest private equity and asset management groups with revenues in

462-457: The role as head of the board. The company had yearly sales of 500 million Danish kroner , and the factory had grown to 10,000 m . Expansion into other countries started in 1956, when the company started to build a factory in Flensburg , Germany , which was completed in 1958. Danfoss Compressors GmbH , Danfoss' former domestic compressor division, was sold in 2010 and renamed Secop . China

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484-609: Was the largest exit in the company's history to date for Aurelius. In 2017, it sold Getronics for €220 million; it had been acquired from KPN in 2012. That year, it also sold Secop for €185 million, which had been acquired from Danfoss in 2010. On 25 Mar 2024, SSE reacquired Enerveo from the Aurelius group for an undisclosed sum SSE had previously sold the business, which was then known as SSE Contracting, to Aurelius in 2021 and due to difficulties post Aurelius acquisition, Enerveo has found it challenging to operate independently under

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