PensionDanmark has provided long-term loans for the acquisition of outdoor playground maker Kompan from private equity firm Nordic Capital, highlighting the increasingly sophisticated roles of pension funds in the European M&A process.

Nordic said on Tuesday that it has agreed to sell the Denmark-based company to a consortium of investors which include another Danish pension fund PFA, which will take a 28% stake, and Christian Dyvig, a private investor who also served as a partner at Nordic between 2003 and 2009, who will own 57%. Kompan senior management hold the remaining 15%.