Norvestor

Norvestor has created a new Nordic chain of laser eye surgery clinics consisting of Swedish Globen Ögonklinik and the Norwegian clinics Argus Øyeklinikk and Sandvika Øyelegesenter. Following the merger, the new entity comprises 7 clinics in Sweden and Norway with nearly 100 employees and an expected turnover in 2007 of approximately SEK 150 million.

The health and lifestyle retailer Life Europe AB, in which Norvestor IV L.P. is the majority owner, has now agreed to acquire the two largest Finnish health food chains Sinunkaupat OY and Ikivireä-Vital OY. The combined entities will have a 25 % market share in Finland with some 120 shops and an annual turnover of almost SEK 400 million.

Norvestor creates the largest online travel agent in the Nordic countries: Seat24 and SRG Online to join forcesThe private equity fund Norvestor IV, L.P. (Norvestor) has acquired two of the most successful online travel agents in the Nordic countries, Seat24 Travel AB and SRG Online AB through the newly created holding company European Travel Interactive AB (ETI).

The health and lifestyle retailer Life Europe AB, in which Norvestor IV L.P. holds a 49,5 % stake, has today entered into an agreement concerning the acquisition of Sweden's second largest health sector wholesaler, Hans Frejborg AB.

Norvestor IV, L.P. makes its first exit, sells part of the shares in SCAN Geophysical ASA prior to listing of the company.

SCAN signs agreement with Neptune Seismic AS for sale and lease-back ofthe vessel M/V Scan Stigandi.(OSLO, Norway)---SCAN Geophysical ASA (SCAN) today announced that the company hasagreed to sell its 3D vessel M/V Scan Stigandi to the ship owner Neptune Seismic AS. Theagreement includes a lease-back with a time charter agreement over 10 years plus options.

SCAN signs agreement with Ship Finance International Limited for sale and lease back of three new seismic vessels

 

BecoTek Holding, a company controlled by Norvestor IV, L.P. (Norvestor) has completed the purchase of Johnson Metall AB which was announced in the beginning of February.

Panorama strengthens its base of stores by acquiring Gullåren and Ivar T. HolthPanorama AS is a supplier of jewellery products, providing a complete range of jewellery, silverware and gift items. The majority of Norway's jewellery stores purchase goods from Panorama. Panorama also owns Gull-Funn and Juvelen, two chains of jewellery stores with a total of 53 retail outlets.

ELIXIA Holding AS (ELIXIA) has acquired SPORTS CLUB AS (SPORTS CLUB) creating a fitness club chain with over 110,000 members in the Nordic region. Following the merger, the fitness chain will have a total of 24 clubs in Oslo, Skien, Porsgrunn, Drammen, Larvik, Hønefoss, Lillehammer, Stavanger, Sandnes, Bryne, Bergen and Trondheim. ELIXIA also has an additional 7 fitness clubs in Finland's largest cities. The company plans to open additional clubs over the coming years.