Norvestor VII, L.P. (“Norvestor”), a fund managed by Norvestor Equity AS, has signed an agreement to acquire Stamina Group AS (“the Company”, including Stamina Helse AS (“Stamina”) and Avonova Holding AB (“Avonova”).
Stamina and Avonova combined, is the leading player within Occupational Health Services (“OHS”) in the Nordics with a nation-wide presence in Norway and Sweden. Stamina has shown an impressive development since refocusing on the core business of OHS and divesting the non-core operations of the fitness division during 2018. Avonova is well positioned for the changes ahead within health services driven by movement to a service economy and digitalization. The Company will continue to be in the forefront of combining a strong operational organization with digital tools which will continue to improve the customer and end user experience. Next step in the evolution will be to cooperate closer across borders delivering even better services to their customers.
READ Cased Hole Ltd (“READ” or the “Company”), indirectly majority owned by Norvestor VII, L.P. and Norvestor VII OS, L.P., has completed the acquisition of Proactive Diagnostic Services, Inc. (“PDS”). With this acquisition, READ establishes a strong position in the US market and gains complementary expertise within well integrity market.
READ is a leading specialist within the production logging and integrity evaluation segment of the Oil Services industry, providing its customers with high-value well intelligence required to make qualified decisions about production and integrity related issues.
PDS was founded in 1995 and offers well logging services to the US market with a similar business model to READ. Today, in addition to its strong Alaskan foothold, the business also services customers throughout the Lower 48 and Gulf of Mexico regions, providing surface readout and memory diagnostic technologies, data analysis, and proprietary software.
IT Gården, a portfolio company in Norvestor VII, L.P. (“Norvestor”), has acquired Dimac Hosting, a well-established player in the area of IT outsourcing in Helsingborg, Sweden.
“Dimac Hosting is a very well-managed company and, through this acquisition, IT Gården will strengthen its position in Helsingborg. We complement each other in terms of both services and customers. We are very happy to have Dimac Hosting on our team.”, says Åge Lönning, CEO of IT Gården Group.
NetNordic, a portfolio company in Norvestor VII, L.P. (“Norvestor”), has acquired TEDAKO, a specialist in communication solutions to the welfare sector.
“NetNordic is growing and needs more capacity. Unified Communication solutions, Skype for Business, and solutions for the welfare sector are in particularly high demand. TEDAKO is a very good fit with our growth strategy with their solid competence and existing customer base,” says Jarl Øverby, Group CEO of NetNordic.
Liquid handling and pump specialist PG Flow Solutions AS (“PG Flow Solutions” or “the Company”), a portfolio company in Norvestor VI, L.P. (“Norvestor”), has acquired Cflow, a company spesialised in handling, storage and transport of live fish. Through the acquisition PG becomes a more complete solution provider to companies operating in the fishery and aquaculture industries.
PG has its legacy from the Energy market where the company has provided integrated flow solutions and pumps to more than 1,500 vessels and other units serving the upstream oil & gas industry. While continuing to work closely alongside its Energy customers to service the installed base and develop new and innovative solutions to meet the industry’s challenges, PG has significantly strengthened its position in adjacent markets where PG’s pump- and flow solutions competence, capacity and experience is in high demand. With the acquisition of Cflow, PG is taking an important step to further strengthen the Company’s position in the fast growing aquaculture market, and with substantial potential for cross-selling and introduction of high-quality and reliable life cycle services on a 24/7 basis to Cflow´s large installed base within the aquaculture and fisheries industry.
NetNordic and Radpoint join forces – Creating a Nordic leader in Networking, IT-Security and Smart Data Centers
NetNordic, a portfolio company in Norvestor VII, L.P. (“Norvestor”), has acquired Radpoint, a well-established player in the area of cyber security and smart data centers in Sweden.
“With Radpoint, we get access to a business in strong growth, and with strong delivery capabilities. Radpoint fits perfectly in with our culture and our offer. With their commitment and technology focus, we will create a joint and clear customer value that is in line with our ambition to take a leading position in the Nordic region”, says Jarl Øverby, CEO of NetNordic Group.
Radpoint has 40 employees and is represented in Stockholm, Gothenburg, Jönköping and Umeå. They are specialists in cyber security and have come a long way in their overall offering by developing, delivering, operating and managing services with the best functionality, quality and accessibility for critical business customers. NetNordic has had an ambition to widen its solution and service portfolio and has therefore followed Radpoint closely for a period of time.
«As Radpoint becomes a central part of NetNordic, we see great opportunities. On the Nordic platform we can take the next step in our development. In the new company, we will maintain Radpoint's core values, focusing on the chosen innovation technologies that we are best at, thereby ensuring quality in our customer deliveries», says Fredrik Hökegård, CEO of Radpoint.
In connection with this acquisition, all stakeholders in Radpoint invest in NetNordic and will contribute to the company's continued success.
Norvestor Holding I AS (under liquidation) ("Norvestor"), a company controlled by fund advised by Norvestor Equity AS, refers to its major shareholding notification published on 22 August 2018 and confirms that the transfer of the shares as described therein is completed, following which Norvestor will hold no shares in Crayon Group Holding ASA.
Presserv AS (“Presserv”or the “Company”), a portfolio company in Norvestor VII, L.P. and Norvestor VII OS, L.P., has completed the acquisition of Cortec Global Services (“CGS”). With this acquisition, Presserv strengthens its position towards international key customers, establishes a truly global footprint and gains complementary expertise within asset integrity management.
Norvestor invests in The North Alliance
(Oslo: June 18, 2018) Norvestor VII L.P. (“Norvestor”), a fund managed by Norvestor Equity AS, has signed an agreement to acquire The North Alliance (“NoA”).
The North Alliance (NoA) has more than doubled its revenue and earnings since the Company was founded in 2014. Their Nordic design, communication and technology network has grown through a number of acquisitions and consolidations of award-winning agencies. The Company is now present in Norway, Sweden, Denmark, Poland and the US. The NoA agencies support leading global and Scandinavian clients such as IKEA, Google, Netflix, SAS, NorgesGruppen, SatsElixia, Danske Bank, FIFA and Storebrand.
“The vision behind NoA was to gather the best creative agencies in the Nordic region and export Scandinavian creativity and technology to the rest of the world. This is a value proposition that has resonated strongly with client needs. In Norvestor we have found a partner with a track record and skillset to confidently help us accelerate growth both organically and through acquisitions, in addition to developing an even stronger value proposition towards our clients. We also plan to invest forcefully to deliver more data driven insights and analysis to more of our clients. We are confident that this will enable us to deliver even more effective creative work in the future”, says Thomas Høgebol, CEO of NoA.
“We have followed the evolution of NoA since it was founded and are impressed by the creative and financial performance of the Company. Through bringing together great people within multiple disciplines, NoA has established a unique position in the Nordic market. The Company has a solid foundation for continuing to evolve its service offering combining creativity and technology to drive innovation as businesses continue to move to digital channels. Thus, we see a significant potential for continued growth in the Nordics and in markets such as the US, where Scandinavian creativity and design is truly admired”, says Henning Vold, Partner at Norvestor Equity.
Following the acquisition from CapMan and management, Norvestor will become the majority shareholder in The North Alliance with approximately 60% of the shares; the management and employees will hold the remaining shares. NoA is headquartered in Oslo, Norway, and employs almost 800 people. The group had consolidated revenues of NOK 1041 million in 2017.
The acquisition is subject to approval from the Norwegian Competition Authority.
GP Bullhound advised North Alliance and its shareholders on the transaction.
For further information:
Henning Vold, Partner Norvestor Equity
Telephone: +47 908 79 581
Thomas Høgebøl, CEO The North Alliance
Telephone: +47 950 92 000
Norvestor Equity AS ("Norvestor") is committed to protecting the personal data processed by the company and thus the privacy of its data subjects. Pursuant to the General Data Protection Regulation (EU) 2016/679 of the European Parliament and of the Council on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (the "GDPR"), Norvestor is obliged to provide you with information on its processing activities.
Norvestor has prepared this policy in order to provide you with information on how we process personal data in relation to the website, job applicants (including applicants to board positions) and any communication between Norvestor and natural persons affiliated with our investors, suppliers or business partners.
Norvestor acts as the data controller for the personal data it processes in connection with the website, job applicants and any communication between Norvestor and natural persons affiliated with our investors, suppliers or business partners. If you have any questions about how Norvestor process your personal data or would like to make use of your rights as a data subject, please contact our Risk Manager at:
Throughout this policy we use a number of terms that have the following meaning:
(1) "Personal data" means, briefly, any and all data which can be attributed to a (living) natural person, for example name, email, address, IP number, health data, or any combination of data which entails that a person can be identified.
(2) "Processing" means any and all measures performed on personal data such as collection, recording, organisation, structuring, storage, adaptation or alteration, retrieval, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or combination, restriction, erasure or destruction.
(3) "Data controller" is the person who alone, or together with others, determines the purposes and means for the processing of the relevant personal data. The controller of personal data is the party with primary responsibility for ensuring that personal data is processed in accordance with the GDPR.
(4) "Data processor" is the person who processes personal data on behalf of the controller of personal data, for example a supplier of salary administration services.
(5) "Data subject" is the person whose personal data is processed by Norvestor, i.e. employees/freelancers, job applicants, users and contact persons at suppliers/business partners.
Below is an overview of the types of personal data Norvestor process in relation to our website, our communication and the natural persons we interact with that is affiliated with our investors, suppliers or business partners.
Note that Norvestor does not necessarily process all of the below types of personal data, as it will depend on individual circumstances, e.g. how the website is used, which communication method is selected or the nature of the communication between you and Norvestor. Depending on the circumstances, Norvestor may also process other personal data. If you would like to now more of which personal data Norvestor process concerning you, please contact us by using the contact details in section 2 above.
In relation to our website users, we process cookies and data contained within cookies. Cookies are small text-based files that are placed on your device when you visit our site. The cookies contain information, which both Norvestor and third parties (e.g. the cookie provider) may access when you visit our website.
There are a number of reasons for us using cookies. The main reasons are to enhance your user experience and to analyse the general use of our website (e.g. by seeing how long you view our pages). To do this, we rely on third party cookie providers such as Google Tag Manager and Google Analytics. The cookies we use may include us processing your personal data, such as automatically generated unique identifiers (for the purpose of distinguishing between users) and information about your use of our website. For more information about the cookies we use, please see http://norvestor.nmo/cookies.
For more information about cookies in general, how to enable, view or delete cookies, please visit http://www.whatarecookies.com/.
Except for cookies and personal data contained within cookies, Norvestor does not process any other personal data in relation to its website.
In relation to job applicants, we process the following types of personal data:
· Contact details: Full name, e-mail address, address, phone number.
· Application data: Personal data in your application, CV, certifications and reference papers, such as where you are from, where you currently live, your marital status, skills, education, previous/current employment, background checks, various tests etc. Further, if we consider you towards a position within Norvestor or one of its affiliates, we may create and retain internal notes assessing your qualifications against that of other applicants.
The contact details and application data is processed so that we can contact you and consider you against available positions within our organization. The legal basis for the processing is that the processing is necessary for ensuring a legitimate interest.
If we do not have any positions available, we may ask for your consent to continue storing your contact details and application data so that we may consider you against future positions within our organization.
In relation to natural persons (that Norvestor interact with) employed or in other ways affiliated with investors, suppliers or business partners, we process the following types of personal data:
· Contact details: Full name, e-mail address, address, phone number, work related e-mail, work related phone number.
· General information: Your job position/connection to the investor, supplier or business partner and CRM related information (e.g. our interactions with you and your company).
· Miscellaneous data: Personal data contained in our documents (e.g. protocols from meetings or contracts which is signed by you), e-mail correspondence etc.
The contact details and general information is processed so that we can maintain and develop the relation between Norvestor, you and the company which you are employed in or in other ways affiliated with. The legal basis for the processing is that the processing is necessary for ensuring a legitimate interest.
Miscellaneous data is processed to ensure Norvestor's continued daily operations and to ensure that we fulfil legal obligations (e.g. in relation to the Bookkeeping Act). The legal basis for the processing will normally vary between i) that the processing is necessary for ensuring a legitimate interest that is not overridden by your data privacy, and ii) that the processing is necessary for fulfilling legal obligations.
Generally, Norvestor will delete or anonymize your personal data when it is no longer necessary to process the data for the purpose it was collected for.
Below we have set out some general information about our retention guidelines in relation to the website, job applicants and the natural persons we interact with affiliated with our investors, suppliers or business partners. We note that the below is general guidelines and that Norvestor may retain the personal data for a prolonged period of time in certain circumstances, e.g. if personal data is necessary to establish, exercise or defend against legal claims.
Norvestor only retain and use the personal data we collect in and through the cookies for a limited time (usually only when you are visiting the website or during your session). When you revisit our website we might access the cookies and the personal data previously stored on these. The cookies we place on your device is placed for a limited period varying from 30 seconds to several years. For more information on how long we store the different cookies on your device, please see http://norvestor.nmo/cookies.
Norvestor will retain the contact details and application data for no more than two months following the end of the recruitment process. If you send us an open application or if we are unable to offer you a position at the current time, we may ask you to consent for our continued retention of your contact details and application data. If so, we will retain the document for the duration you have consented to. You may at any time withdraw your consent and request us to delete your application data.
Norvestor will retain the contact details and general information concerning natural persons (that we interact with) employed or in other ways affiliated with our investors, suppliers or business partners, for two years following our last interaction with the individual. However, in certain circumstances where we believe it to be in the interest of all parties that we continue retaining the contact details and general information, we may continue retaining such data for a prolonged period of time (e.g. where Norvestor has developed a relationship with an individual that is not limited to him/her holding a position at one of our investors, suppliers or business partners).
With regards to miscellaneous data we will retain these for as long as is necessary for complying with legal obligations and ensuring our legitimate interests.
Norvestor rely on a number of third party service providers that we might end up sharing your personal data with:
· IT-system providers: We have third party service providers delivering IT-systems and telephone services to us. In certain circumstances, e.g. if we need support from one of our providers, they might have access to your personal data.
· CRM-system provider: We use eFront as our CRM-system provider. This means that we will upload contact information and information about our interactions through the eFront application.
· Newsletter service provider: We have an agreement with Apsis regarding distribution of newsletters and other relevant information on behalf of Norvestor. For Apsis to distribute the newsletters, we must share some of your contact details with Apsis.
· Recruitment service provider: When we recruit personnel to job or board positions, we might use the service of a recruitment agency. If so, this may include sharing relevant CVs and application data with the recruitment agency.
Norvestor will take the necessary steps to ensure the protection of your personal data, e.g. by entering into data processor agreements with data processors such as our IT-system and CRM-system provider.
Our CRM-system provider, eFront has parts of its business operations in the US. To ensure the adequate protection of your personal data, eFront has certified that it adheres to the EU-US Privacy Shield. Except for the personal data shared with eFront, Norvestor does not share or transfer your personal data outside of the EU/EEA.
As a data subject you have certain rights that you may make use of in relation to Norvestor's processing of your personal data:
· Right to access: As a data subject, you have a right to request us to confirm whether we process personal data concerning you, and if so, to give you access to the personal data and more detailed information about the processing activity.
· Right to data portability: If the processing is carried out by automated means and the legal basis for the processing activity is consent or performance of a contract, you may be entitled to request us to provide you with a subset of your personal data in a structured, commonly used and machine-readable format. In certain circumstances, you may also ask us to send the subset of your personal data directly to another data controller (e.g. another company).
· Right to rectification: Norvestor has a constant obligation to ensure that the personal data it is processing is accurate and up to date. If you discover that the personal data we process about you is inaccurate or incomplete, you may require us to rectify or complete the personal data.
· Right to erasure: Norvestor has an obligation to delete or anonymize your personal data when it is no longer necessary to process the data for the purpose it was collected for. Additionally, you have a right to request us to delete your personal data in the following situations:
o The processing is based on your consent and this consent is withdrawn (and there is no other legal basis for the processing).
o You object to the processing and there are no overriding legitimate interests for continuing the processing.
o The personal data was unlawfully processed.
o The personal data has to be erased in order to comply with a legal obligation.
We note that the right of erasure does not apply if further retention of the data in question is necessary for compliance with a legal obligation (e.g. bookkeeping obligations), or for the establishment, exercise or defence of legal claims.
· Right to restriction: Under the GDPR, you have a right to require that we (temporarily) restrict the processing of your personal data in certain situations, e.g. if you contest the accuracy of your personal data which we process or are of the opinion that Norvestor do not have a sufficient legitimate interest for a processing activity.
· Right to objection: In certain circumstances, e.g. where the legal basis for processing is a legitimate interest, you may object to the continued processing. If you do so, Norvestor will re-evaluate the legitimate interest and the interest of your data privacy. We will only continue the processing activity if i) there are compelling legitimate reasons for the processing which outweigh your interests, rights and freedoms; or ii) the processing is necessary to establish, enforce or defend against legal claims.
If you would like to make use of your rights as a data subject, please contact us at the contact details set forth in section 2.
Otera Infra is strenghtened by a new owner
Roadworks, a company majority owned by Norvestor VI, L.P., has entered an agreement to acquire 51% of the shares in Otera Infra and will together with Agder Energi develop the company to ensure future growth.
«Through the acquisition of Otera Infra, we will strengthen our capabilities and add to our service offering within «Electro and automation». Following the acquisition, we will increase our competitive advantage in a demanding and growing market”, says Jan Tore Klemmetsen, CEO of Roadworks.
Roadworks offers services within operations and maintenance of road infrastructure, in addition to buildings, construction sites and other industries. Roadworks operates through four business areas Electro and automation, Road O&M and road warning, Railings and concrete rehab and Construction. Roadworks is head quartered in Grimstad, Norway, and has approximately 460 employees.
“We are pleased to partner with Roadworks as it is important for us to be able to compete in a demanding market. It was important for us to find a financially solid and complementary partner with growth ambitions to maintain a strong regional foothold and secure further development of Otera Infra’s competence and brand. Roadworks is a well-known company with a strong commercial culture, and we look forward to working together”, says Tom Nysted, CEO of Agder Energi.
The transaction is subject to approval from the Norwegian competition authorities.
Mob: 991 53 698
Jan Tore Klemmetsen
Mob: 918 88 989
CEO Agder Energi
Mob: 913 21 100
We are pleased to announce that Olav Osland Vik-Mo will be joining the team as Chief Operating Officer in June 2018.
Olav comes to Norvestor from Nordea Wealth Management(NWM) where he is Head of Strategy and Business Development globally. He has also been handling finance, M&A, HR and communication in his roles in NWM. NWM encompass Asset Management, Private Banking and Life & Pension. Since joining Nordea in 2010 Olav has overseen the bank’s assets under management nearly double, exceeding EUR 330bn today. Prior to that he was an Associate Principal at McKinsey & Company, advising financial institutions across Europe. Olav holds a M.Sc in Economics and Business Administration from the Norwegian School of Economics (2001) and he has attended MBA programs at INSEAD and the Hong Kong University of Science and Technology.
“We are delighted to have Olav onboard. By having him join our already very experienced team, we will strengthen our management and increase our capacity to further develop Norvestor”, says Lars Grinde, Managing Partner at Norvestor Equity.
Olav will be based in Norvestor’s Oslo office.
Efftel has delivered cloud based telephony and communication services to Swedish based businesses since 2004.
We are pleased to announce that Fredrik Gyllenhammar Raaum has been appointed Investment Director and Håvard Berge has been appointed Investment Manager at Norvestor Equity AS.
Furthermore, we are pleased to announce two additions to the team. Georg Enderlein and Sebastian A. Bugge will be joining the team in April and May 2018 as Investment Manager and Associate, respectively.
Norvestor VII L.P. and Norvestor VII OS L.P. (“Norvestor”), funds managed by Norvestor Equity AS, have signed an agreement to acquire Sperre Compressors (“Sperre”) from family owned Sperre Mek. Verksted AS.
Sperre is a world leading supplier of starting-air compressor systems for the offshore- and commercial marine markets. The Company, owned by third generation Sperre family, has a long-standing history in the global maritime industry with roots back to 1938. With extensive industry know-how and through a superior life cycle concept, Sperre has built an excellent brand recognition and is renowned worldwide for its reliable compressors and excellent service level. With a vast installed base of compressors worldwide, Sperre truly has a global footprint and 90% of total revenues originates from outside of Norway.
Nomor Holding AB (“Nomor”), majority owned by Norvestor VI, L.P., has acquired Effecta AS (“Effecta”) and A1 ABS Skadedyrkontroll AS and Skadedyrshop AS (collectively “ABS”) in Norway.
With these acquisitions, Nomor enters a new geographic market, which is an integral part of the Company’s strategy for continued growth.
For 23 år siden startet Thomas Hakavik opp Eneas sammen med to kolleger. Den første tiden holdt de til i Romika-bygget i Lier, nå er de 250 ansatte i Norden, hvorav ca. 50 jobber fra hovedkontoret i Drammen – i lokaler på toppen av Aass Bryggeri.
Etter seks år vender IT-konsulent-selsakpet Crayon tilbake til Oslo børs, nå med internasjonalt kundenettverk og fire ganger høyere omsetning.
Crayon Group Holding ASA (“Crayon” or the “Company”, OSE ticker code “CRAYON”), a leading IT advisory firm in software and digital transformation services, announced on 6 November 2017 a successful completion of its initial public offering (“IPO”) through a private placement of shares and secondary sale of shares. The offer price of NOK 15.50 per share implies a market capitalization of Crayon of approximately NOK 1,157 million. Trading in the share will commence today on Oslo Stock Exchange .
Eneas Group Holding AS (“Eneas”), majority owned by Norvestor VII, L.P., has acquired Enegia Market Services OY and Enegia Sweden AB (collectively “Enegia Market Services”) and Yrittäjäin Sähkönhankinta Oy (“Sähkönhankinta”) in Finland. With these two acquisitions, Eneas significantly strengthens its position as the leading Nordic energy intermediary for SMEs.
Norvestor IV, L.P. (“Norvestor”) has signed an agreement to divest Life Europe AB (“Life” or “the Company”), a leading specialist retailer of health and wellness products in Sweden, Norway and Finland, to Fairford Group.
Norvestor invested in Life in 2005. During Norvestor’s ownership, the company has become the clear market leader as a specialist health and wellness retailer in the Nordic region and one of the largest specialist retailers within its’ space in the world. Life currently has over 380 stores including own stores and franchise stores. The Company has above 600 employees and revenues of around SEK 1.2 billion in Sweden, Norway and Finland.
Norvestor VII, L.P. (“Norvestor”), a fund managed by Norvestor Equity AS, has signed an agreement to invest in Wexus Gruppen AS (“Wexus” or “The Company”)
Wexus is a rapidly growing specialist within semi-permanent modular buildings for the public, industrial and infrastructure market. They offer highly cost efficient products and services for its markets, using high quality and low cost manufacturing from their fully owned production facility in Tallinn, Estonia. Modules are either sold or provided on longer-term rental agreements. Wexus has the ability to undertake the full scope from tendering to commissioning. The Company has experienced strong growth since its inception through the positive market development and taking significant market share.
Nordic Camping & Resort förvärvar campingkedjan Sweden Resorts med stark förankring i Dalarna, Bergslagen samt Roslagen.
Mark Sørheim joins HydraWell from Schlumberger in Aberdeen where he held the position as integrated drilling & completion project director. Sørheim has spent almost 20 years in Schlumberger, including management roles in UK, Norway and France as well as operational roles in UK, Colombia and India.
4Service Gruppen AS (“4Service”), majority owned by Norvestor VII, L.P., has signed agreements to acquire Resco AS (“Resco”) and Mint Renhold AS (“Mint”). With these two acquisitions, 4Service will strengthen their presence and offering within Facility Service, and will amplify the profitable growth.
NetNordic has entered into an agreement to acquire Intelecom, strengthening its position as the leading system integrator of network, security, communications and cloud solutions in the Nordic enterprise market.
Norvestor VII, L.P. has signed an agreement to acquire the shares in NetNordic and closing expected to take place in August 2017.
IT: Norvestor tar 75 prosent av aksjene i IT-infrastrukturselskapet NetNordic.
- Vi har vært nysgjerrige på NetNordic en stund, men det er først det seneste halvåret at vi har hatt en skarp dialog om å kjøpe selskapet, sier Christian Sontum i Norvestor Equity.
Etter ti år med Agder Energy Venture som største aksjonær, går telekomselskapet Netnordic inn i PE-selskapets portefølje og fondet Norvestor VII. Dette fondet har hentet 5,3 milliarder kroner i kapital og gjør SMB-investeringer i Norge og Sverige.
Norvestor VII, L.P. (“Norvestor”), a fund managed by Norvestor Equity AS, has signed an agreement to invest in NetNordic (“The Company”).
Following the acquisition, Norvestor will become the largest shareholder in NetNordic with approximately 75% of the shares whilst the management and employees will hold the remaining 25%.
Flere av Abax-ansatte kunne juble over en aksjegevinst langt høyere enn hva de hadde forventet.
"Kjørebokbedriften Abax selges for 1,5 milliarder kroner til et oppkjøpsfond i Bahrain. -Hvis man lurer på hva Norge skal leve av etter oljen, så er det nettopp selskaper som Abax, sier fondspartner."
Norvestor VI, L.P. (“Norvestor”) and minority shareholders have sold ABAX Holding AS (“ABAX”), an international market leader within connected vehicle telematics and tracking systems, to Investcorp, a leading global private equity firm with considerable experience from the telematics industry, for an enterprise value of NOK 1.8 billion.
Abax vokser med stormskritt. Konsernet nærmer seg en halv milliard i omsetning, og har på halvannet år økt fra 247 til 350 ansatte.
I 2011 valgte Cegal å satse kun på oljesektoren. Det var et smart valg.
Nordic Camping & Resort som är Sveriges största campingkedja med 18 anläggningar från Skåne i söder till Jämtland i norr spår ett nytt rekordår för Svensk Camping. Bolagets förbokningsläge i år är 5% bättre än inför rekordåret 2016.
Konkurransetilsynet snur 180 grader og tillater likevel Telias oppkjøp av Phonero. Fusjonen vil ikke i betydelig grad hindre effektiv konkurranse, er konklusjonen nå.
Connected vehicle monitoring is going global — quickly. The latest example is Norwegian telematics provider ABAX, which has been chosen by the Chinese chemistry giant Sinochem as its vendor for the company’s fleet of container tanks and heavy equipment.
Mesta tapte anbudet, og inn kommer en ny entreprenør og skal overta brøyting og annet vedlikehold av fylkesveiene i Flatanger og Namdalseid.
Veidrift AS heter Østlands-firmaet som nå får sin første kontrakt i Midt-Norge. De overtar den såkalte Namsos-kontrakten 1. september i år.
READ Cased Hole (READ) has been awarded a multi-country award in the UK, Ireland and Norway, to provide all cased hole logging services and analysis within scope of supply for Shell’s operations in these regions.
Vekst i utlandet har økt Hydrawell Interventions’ inntekter med 84 prosent på to år. I fjor trengte selskapet friske penger for å finansiere veksten.
Norvestor VII L.P. (“Norvestor”), a fund managed by Norvestor Equity AS, has signed an agreement to invest in IT Gården i Landskrona AB (“IT Gården”)
IT Gården has experienced solid growth over the last years and established an attractive position as a leading regional IT services outsourcing provider in the Skåne region in Sweden. The company delivers IT services within IT outsourcing and infrastructure, virtualisation and client platforms as well as related products.
Norvestor VII L.P. and Norvestor VII OS L.P. (“Norvestor”), funds managed by Norvestor Equity AS, has signed an agreement to invest in READ Cased Hole Limited (“RCH”)
READ Cased Hole is a leading independent specialised provider of production logging and well integrity evaluation services with a 25-year track record from analysing wellbore data. RCH’s “best-in-class” technologies and diagnostic excellence ensure that customers have accurate answers to plan immediate action and maximise the long-term performance of their wells.
4service Gruppen AS (“4Service”), majority owned by Norvestor VII, L.P., has signed agreements to acquire the canteen and catering services company De 3 Stuer AS (“De 3 Stuer”) and the cleaning services company Ren Pluss AS (“Ren Pluss”).
4Service is a fast-growing provider of facility services and operation of onshore and offshore camps. The acquisitions will primarily strengthen 4Service’s presence in the facility services segment and contribute to accelerated growth. Estimated 2016 pro forma revenues including De 3 Stuer and Ren Pluss are c. NOK 875 million.
Norvestor VII L.P. (“Norvestor”), a fund managed by Norvestor Equity AS, will complete the cash offer announced on 10 November 2016 to the shareholders of Nordic Camping & Resort AB (publ) (“NCR”), listed on the Swedish trading platform AktieTorget. Norvestor VII L.P., through RCN Intressenter II AB, will hold approximately 91.4 per cent of the shares and votes in NCR following settlement, and expects to acquire the remaining shares thereafter.
Roadworks AS has agreed to acquire a majority shareholding in KF Entreprenør AS, including subsidiaries Norpox Rehab AS and KF Byggservice AS. Total revenue for the group was NOK 375 million for 2015. Through the acquisition, Roadworks establishes a new business area within construction and infrastructure, and strengthens the project execution capabilities of the group.
After the transaction, Roadworks will own approximately 64% of the shares. The remaining shares will be owned by employees. KF Entreprenør was established in 2005. The company has its head office at Ryen in Oslo and has 100 employees, including subsidiaries.
We are pleased to announce that Karl Svozilik has been appointed Partner in Norvestor Equity AS.
Norvestor is also pleased to announce that Henning Krohnstad has been appointed Investment Manager and Martin Kildahl has been appointed Senior Associate in Norvestor Equity AS.
Furthermore, we are pleased to announce three additions to the team. Jonas Kaldahl and Peter Hedberg will be joining the team in January 2017 as Senior Associate and Associate, respectively. Marie Fossli Nordheim will be joining the team in December 2016 as a Senior Accountant.
Lastly, we take this opportunity to inform that Jens Borge-Andersen will resign as Chief Financial Controller on 31 January 2017.
Norvestor VII L.P., through RCN Intressenter II AB, hereby announces a recommended cash offer to the shareholders of Nordic Camping & Resort AB (publ) ("NCR") to acquire all shares in NCR. The NCR shares are listed on the Swedish trading platform AktieTorget.
Norvestor VI, L.P. (“Norvestor”) has decided to divest Phonero AS (“Phonero”), a leading mobile virtual network operator to Telia Company AB (“Telia”), valuing Phonero at NOK 2.3 billion on a cash and debt free basis.
Norvestor invested in Phonero in November 2015. During Norvestor’s ownership, the company has continued to grow its customer base, organically and through the acquisition of Mobitalk AS.
Phonero has built a strong brand and captured substantial market share in recent years, both in the private and public sectors of the business market. Telia and Phonero combined will have a market share in the Norwegian business market for mobile communication of approximately 27%.
Norvestor VII L.P. and Norvestor VII OS L.P. (“Norvestor”), funds managed by Norvestor Equity AS, has signed an agreement to invest in Presserv AS (“Presserv”)
Presserv is a rapidly growing leading specialist in preservation and corrosion protection within the oil, gas, shipping and storage tank industries. They offer highly cost efficient products and services for the protection of customers’ assets through use of new technologies and methods. The company has experienced strong growth through the downturn in the oil and gas industry, by offering new and cost efficient alternatives in key international offshore markets.
European fleet management market set to double by 2020, ABAX named fastest growing telematics company
Norvestor VII L.P. (“Norvestor”), a fund managed by Norvestor Equity AS, has signed an agreement to invest in Eneas Group AS (“Eneas”)
Eneas is a leading independent energy intermediary for SMEs in the Norwegian and Swedish electricity markets. The Company offers its customer base of approximately 20,000 SMEs active energy procurement services, usually only available to larger corporates. The customer value proposition is built on convenient and independent electricity sourcing, protection against energy price volatility, green energy certificates, and extensive market knowledge with a 20-year track record. In 2016, Eneas also expanded organically into Finland, a market with similar characteristics as the Norwegian market. Eneas is experiencing strong growth and generated pro-forma sales of NOK 478 million in 2015, and has 170 employees.
Apsis Group AB (“Apsis” or “the Company”), which is majority owned by Norvestor V L.P. has completed the acquisition of Innometrics AB (“Innometrics”).
Apsis is the largest email marketing and marketing automation firm in the Nordics with more than 5000 customers. The Company had a turnover of c. SEK 280 million in 2015. Innometrics has one of the most innovative offerings in the Nordics related to profiling cloud services. Innometrics has 22 employees with revenues of c. SEK 15 million in 2015 and a growth rate of more than 60% annually.
The technology company Permascand has acquired a patent portfolio and brands from the British company Radical Filtration, making it a leader in ground-breaking electrochemical technology for water treatment. Permascand’s new compact all-in-one system, to be launched this autumn, will meet a wide range of demands of combined filtration and disinfection in the market.
Norvestor VII L.P. and Norvestor VII OS L.P. (“Norvestor”), funds managed by Norvestor Equity AS, has signed an agreement to invest in Hydra Well Intervention AS (“HydraWell”)
HydraWell is a rapidly growing well integrity specialist providing a range of step-changing proprietary tools and associated services to oilfield operators and services integrators. HydraWell specialises in safe and highly efficient plugging & abandonment (“P&A”), slot recovery and well repair. The company has developed its technology and products in close collaboration with leading operators on the Norwegian Continental Shelf (“NCS”), and has successfully placed more than 150 plugs in wells across the globe since 2010.
Etter fire år, og tredoblet lønnsomhet, selger Norvestor avfallshåndtereren Sortera, trolig for fire ganger mer enn de kjøpte for i 2012.
Norvestor VI, L.P. (“Norvestor”) has signed an agreement to divest Sortera Skandinavien Holding AB (“Sortera”), a leading Nordic building waste collection and sorting provider currently active in Stockholm, Gothenburg, Uppsala and Oslo, to Summa Equity, following a structured sales process that attracted strong interest.
Phonero fortsetter å kjøpe vekst. Nå slukes den mindre konkurrenten Mobitalk, som tilfører 10.000 nye bedriftskunder i nye områder og næringer.
Norvestor Equity AS (“Norvestor”), a leading Norwegian mid-market private equity firm, is pleased to announce the successful final closing of Norvestor VII, L.P. (“Fund VII”). Fund VII was oversubscribed and closed at the hard cap of NOK 4.9 billion (EUR 510 million).
A fund managed by Norvestor Equity AS has invested in the soft facility management provider 4SERVICE.
4SERVICE Gruppen AS (“4SERVICE” or the “Company”) was founded in 2011 by a senior team of managers from the Norwegian facility management industry, and has developed into one of the fastest growing contract catering and facility management companies in Norway. The Company is headquartered at Lysaker, with operations across Norway.
ABAX, which is majority owned by Norvestor VI, L.P., has acquired the UK franchise ABAX UK Ltd. This is ABAX’s fifth add-on acquisition and emphasises ABAX’s growth strategy also outside the Nordic countries.
Norvestor is pleased to announce that Jens Borge-Andersen (41) will be taking on a new position as Chief Financial Controller from 1 January 2016.
Norvestor is also pleased to announce that Valeria Shvediuk (26) will be joining the team as an Associate in Q3 2016.
Etter å ha vært storaksjoner i kristiansandsbaserte Phonero siden 2008, selger Sveeas-selskapet Kistefos sin eierandel på 57 prosent i Phonero for 760 millioner kroner.
Investoren Christen Sveaas har hatt en avkastning på over 65 prosent i året i mobilselskapet Phonero i Kristiansand. Nå blir Norvestor ny majoritetseier.
På syv år har Christen Sveaas gjort 77 millioner til 847 i Phonero. Sammen med Ya bank-salget i sommer har investoren hentet ut over 1 milliard i gevinst.
Norvestor VI, L.P. (Norvestor), a fund advised by Norvestor Equity AS, has invested in Phonero AS, based in Kristiansand, Norway.
Phonero is a privately owned mobile virtual network operator (“MVNO”) providing telecommunication services to small and medium sized businesses. The company is headquartered in Kristiansand, with regional offices in Oslo, Stavanger, Bergen and Trondheim.
Roadworks AS, which is majority owned by Norvestor VI, L.P., has an agreement to acquire the shareholding and operations of the companies CC4 Montasje AS, CC4 Produkter AS and CC4 Invest AS.
Total revenue for the CC4 companies is approximately NOK 60 million for 2015. This acquisition enables the Roadworks group to launch bridge maintenance operations and reinforce its position as a supplier of crash barriers and traffic safety equipment.
Norvestor og Magnar Aaland selger oljeserviceselskapet Advantec til GE Oil & Gas, etter å ha femdoblet omsetningen på fire år.
Advantec Holding AS, majority owned by Norvestor V L.P., has signed an agreement to sell its main operating subsidiary Advantec AS (“Advantec”), a leading subsea intervention equipment and services supplier to US listed company General Electric Inc (NYSE:GE).
Since April 2010, Norvestor has supported the management team to develop Advantec into a tier 1 player within its industry delivering directly to more than 20 oil companies.
Advantec has expanded its footprint in Norway through the acquisition of NTOS AS (Ågotnes) and establishment in Stavanger, Kristiansund and Hammerfest, in addition to its home base at Stord.
Internationally, the company has expanded to Aberdeen, Houston, Brazil and Australia, in addition to its manufacturing facility in Lithuania.
GE Oil & Gas plans to use the acquisition of Advantec to expand its presence in the subsea well intervention sector and represents a strong match from both a financial and future growth perspective.
Norvestor will retain and increase its majority ownership in Advantec Sensing AS (to be renamed Sentec AS). Sentec is a leading provider of advanced sensor technology for separation profile metering.
Nomor AB (publ) (“Nomor”), which is majority owned by Norvestor VI, L.P., has completed the acquisition of Inspectera HK AB (“Inspectera”).
PG Flow Solutions AS (PG), majority owned by Norvestor VI, L.P. (Norvestor) has acquired 100% of the shares in the UK high-pressure pumping specialist Calder ltd. (Calder). Calder is a leading high-end solution provider across industries for high-pressure pump solutions, with particular success within the oil & gas market where the company has proudly served leading oil services companies and operators since its inception in 1981.
Crayon, which is majority owned by Norvestor VI, L.P., has completed the acquisition of US based SAM and ITAM experts Anglepoint.
The deal will see Crayon, the global software experts and leaders in the fields of SAM and volume licensing, dovetailing its services with those of ITAM and IP consulting experts Anglepoint to accelerate the global provision of best in class Software Asset Management (SAM) and IT Asset Management (ITAM) along with cloud and volume licensing services to their respective worldwide customers.
Cegal AS (“Cegal”), which is majority owned by Norvestor V, L.P., has acquired 100% of the shares in Escape Business Technologies (“Escape”). The joint forces of the two technology firms represent a significant strengthening of Cegal’s position in the UK market.
Nomor AB (publ) (“Nomor”), which indirectly is majority owned by Norvestor VI, L.P., has completed the acquisition of SVEA Miljö & Hygien AB, and signed an agreement to acquire SVEA Miljö & Hygien Syd AB.
Roadworks Holding AS (“Roadworks”), which is majority owned by Norvestor VI, L.P., has acquired 100% of the shares in Veisikring AS. Arne Eriksen, the founder of the business, sells 90% of the shares, while the CEO Bjørn Torgersen sells the remaining shares. The CEO will re-invest most of his proceeds in shares in Roadworks Holding.
Crayon, which is majority owned by Norvestor VI, L.P., has acquired Software Wholesale International (SWI). The acquisition represents the accelerated start of Crayon’s US operations, which is the 8th country Crayon has started up in during the last 12 months.
ABAX, which is majority owned by Norvestor VI, L.P., has acquired FrontTek AS. This is the ABAX’s fourth add-on acquisition and emphasises ABAX’s growth strategy in Norway and Europe.
Marine Aluminium Group, majority owned by Norvestor V, L.P., has become the sole owner of Uptime International AS, following the acquisition of ICD Industries AS’ 50% share per 16.June 2015.
Uptime International delivers motion compensated gangways for the maritime and offshore industry. The Company has seen a strong development since the start up in 2011, and was recently awarded their contract number 12.
ABAX, which is majority owned by Norvestor VI, L.P., is the Nordic market leader for corporate car fleet control products and solutions. Through the acquisition of the Dutch company Trevler, ABAX has taken its next step into Europe.
Trevler is a specialist provider within the field of electronic triplogs and fleet management in the Netherlands, and the acquisition will strengthen ABAX’s presence in Europe. Trevler was established in 2008 and is a provider of simple and smart solutions for people who use a vehicle for work. The company employs six people and is based in Beverwi.
Norvestor is pleased to announce that Henning O. Krohnstad (29) and Håvard Berge (30) will be joining the team as Senior Associates in Q3 2015.
Norvestor kjøper elektrokjemiselskapet Permascand fra Innlandsinnovation og Midtkapital. Planen er å doble omsetningen gjennom satsing i Nord-Amerika.
Norvestor VI, L.P. (Norvestor), a fund advised by Norvestor Equity AS, has invested in Permascand AB, based in Ljungaverk, Sweden. Permascand is a leading engineering and manufacturing company across the business areas of electrochemical process technology, water treatment systems and welded equipment & components, with more than 90% of revenues from international sales.
Norvestor ser penger i markedet for vedlikehold av norske veier og kjøper OneCo Infra.
Norvestor VI, L.P. (Norvestor), a fund advised by Norvestor Equity AS, has signed an agreement to acquire OneCo Veidrift AS, OneCo Samferdsel AS, and OneCo Midt Norge AS. The companies are owned by OneCo AS and Stabu Invest AS. Norvestor will invest together with Stabu Invest AS, controlled by Frank Stabu, and management in the acquired companies. Name of the new group is Roadworks.
Norvestor-eide Abax legger 30 millioner kroner på dashbordet for Salkatek.
I romjulen har Larvik-selskapet Abax, som utvikler elektroniske kjørebøker, signert en avtale om å kjøpe finske Salkatek.
For snart ti år siden var de 18 som startet opp et nytt selskap. I dag har Advantec 420 ansatte og kontorer i fem land.
Read more here (external link)
Norvestor kommer inn som investor i PG Marine Group - Ing Per Gjerdrum AS, for å delta i en større ekspansjon av virksomheten, og samtidig tar den 70 år gamle gründeren, som har gitt selskapet både navn og innhold, et steg tilbake.
- Vårt partnerskap med Norvestor markerer slutten på en æra. Per Gjerdrum trer tilbake etter 32 år i selskapet, sier konsernsjef Roy Norum i PG.
Investeringsfondet Norvestor skal hjelpe industribedriften Ing.Per Gjerdrum med å vokse internasjonalt. Pumpeprodusenten prises til nesten en halv milliard kroner.
Norvestor VI, L.P. (Norvestor), a fund advised by Norvestor Equity AS, has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS (“PG”).
Stavangerbaserte Cegal skal levere it-tjenester til Petroleumstilsynet. Leveransen innebærer fullskala driftsløsninger inkludert brukerstøtte og applikasjonsdrift for rundt 35 applikasjoner.
Cegal and Blueback Reservoir will be merged to combine and expand their offering and will become a global partner within innovative petrotechnical solutions for the oil and gas industry. Norvestor V, L.P., a Fund advised by Norvestor Equity AS, is the largest shareholder in Cegal and will continue as the largest shareholder after the merger.
It-selskapet Cegal slår seg sammen med det internasjonale selskapet Blueback Reservoir for å spisse sine leveranser enda mer mot olje- og gassindustrien.
Norvestor is pleased to announce that Christian Melby (39) has joined the team as a new Partner effective from 1 August 2014. Christian joins Norvestor with 12 years of experience within the private equity mid market in the Nordics.
Lisens- og konsulentselskapet Crayon får låne opptil én milliard kroner. Ekspansjon i Usa står høyt oppe på ønskelisten.
Crayon Group Holding AS has successfully completed a new senior secured bond issue in the Nordic bond market. The initial issue of NOK 650 million may be increased to NOK 1,000 million. The maturity date is July 2017, and is priced at 3 months NIBOR plus 5.00%-points.
Bare to uker etter at Norvestor solgte Wema til Measurement Specialities, kjøper Tyco-avleggeren TE Connectivity opp den nye eieren.
Cegal Holding AS has successfully completed a new senior secured bond issue of NOK 225 million in the Nordic bond market with maturity in May 2017, priced at 3 months NIBOR plus 5.50%. Settlement date is expected to be 26 June 2014.
Bergensbedriften Wema System er solgt til et amerikansk selskap. - Dette er veldig spennende, sier toppsjefen.
Norvestor V, L.P. (“Norvestor”) has completed the divestment of Wema Group Holding AS (“Wema”), the leading provider of diesel and AdBlue level and quality sensors within the global heavy vehicle market, through the sale of Wema System AS* to the US listed company Measurement Specialties Inc ("MEAS") for approximately USD114.5 million on a cash and debt free basis.
Hälsofackkejdan Life har hittat sin nisch i konkurrensen från bland annat den växande apoteksbranschen. Bokslutet för 2013 visar inte bara på stigande omsättning utan också på en resultatförbättring på 54 procent mot fjorårets redan positiva rörelseresultat.
Norvestor VI, L.P. (Norvestor), a fund advised by Norvestor Equity AS, has agreed to team up with the management team of Nomor AB (publ) (Nomor), a fast growing provider of services within pest control, food safety and related services in Sweden. By investing in Nomor, Norvestor will support the continued development of one of the fastest growing companies in the pest control services sector in the Nordics.
Norvestor skal bekjempe skadedyr med Nomor. Med nye eiere vurderer det svenske selskapet å etablere seg i Norge.
Life Europe AB (Life), the largest Nordic health food retailer, has signed an agreement to acquire all outstanding shares in Validus Engros AS (VE), the largest health food wholesaler in Norway, and Validus Butikkdrift AS (VB), the single largest Life franchisee in Norway. The acquisitions solidify the market leading position of Life within the Nordic health food market. The seller is Validus AS, a company indirectly owned by FSN Capital and NorgesGruppen.
Wema Group Holding AS has successfully completed a new senior secured bond issue of NOK 250 million in the Norwegian bond market with maturity in May 2017, priced at 3 months NIBOR plus 4.65 per cent. Settlement date is expected to be 9 May 2014.
ØkonomiBistand har brukt halvannet år på å kjøpe seg kompetanse på kunderelasjonssystmer. Nå kjøper de Crayon-selskapet CRM Insight.
ABAX AS (ABAX), a portfolio company in Norvestor VI, L.P. and provider of electronic trip log solutions, has today acquired ETRIP AS (ETRIP) The acquisition is part of ABAX’s growth strategy and gives ETRIP’s customers access to ABAX’s world leading technology in an industry that is characterised by constant demands for innovation, data protection and data security.
Norvestor is pleased to announce that Per-Ola Baalerud (42) has joined the team as a new Partner effective from 1 March 2014.
Per-Ola has a broad industrial and financial background from senior positions in leading Norwegian companies.
IT-selskapet Cegal i Stavanger kan vise til kraftig vekst i 2013. I år er målsetningen å eksportere teknologi innen olje og gass gjennom etablering i utlandet og mulige oppkjøp av selskaper.
Apsis Group AB (Apsis), market leader in email marketing solutions in the Nordics has signed an agreement to acquire and merge with ProspectEye AB (ProspectEye), market leader in Lead management, to solidify it position as the leading Nordic email marketing and marketing automation player.
The Advantec Group where Norvestor V, L.P. is the majority owner has signed an agreement to acquire NTOS AS.
NTOS delivers hydraulic systems, products and services for sale or rental to the oil and gas industry, and is one of the leading companies within this segment at the subsea base CCB in Ågotnes, west of Bergen. NTOS has 48 employees and is expected to add approximately NOK 120 million to the Advantec group consolidated revenues in 2013.
Gründerne Atle Korsmo (52) og Øyvind Christensen (52) tjener trolig flere hundre millioner kroner når de selger 60 prosent av offshoreselskapet Future
Future Production, ekstremt lønnsom gründer- og nisjebedrift i Kristiansands borreteknologimiljø, er solgt til et investeringsselskap som skal bidra til videre vekst.
Norvestor VI, L.P. (Norvestor) has signed an agreement to invest in Future Production AS (Future), a leading provider of tailor-made equipment to the global offshore rig industry.
Norvestor VI LP, a private equity fund advised by Norvestor Equity AS (Norvestor), has signed an agreement to invest in iSURVEY Group AS (iSURVEY or the Company).
The Company is a leading provider of survey and positioning services for rig moves, marine construction and seabed surveys, mainly to the global oil and gas market.
De syv gründerne bak selskapet Isurvey har hatt mange friere på døren som vil kjøpe selskapet. Nå gir de etter og blir mangemillionærer.
Inge Larsen has been appointed Partner in Norvestor Equity AS. Inge will continue in his role as CFO. Inge joined the Norvestor team in 1997 as has held various positions including several years as CFO in one of Norvestor’s previous portfolio companies.
Norvestor VI, L.P. (“Norvestor”) has invested in the steel door division of Robust AB (“Robust”). Robust specialises in production and sale of steel security and fire doors, and has manufacturing facilities in Nykroppa, Sweden, and Cheadle, England. Robust is the second largest provider of steel security and fire doors in Sweden, and holds a leading position in the UK market.
Oppkjøpsfondet Norvestor overtar den svenske ståldørprodusenten Robust, og relanserer i Norge.
Norvestor VI LP, a fund advised by Norvestor Equity AS (Norvestor), has signed an agreement to invest in Abax AS (the Company). The Company provides electronic trip logs - a service that automatically monitors the location of vehicles and thereby enables the customers to efficiently comply with regulatory reporting requirements of private use of company cars.
Inmeta Crayon AS, where Norvestor VI, L.P. is the majority owner, has signed a contract to acquire all shares in the Danish license operator A Gain A/S. It is expected that the combined Danish business will have a turnover of DKK 500 million in 2012.
Det norska riskkapitalbolaget Norvestor blir ny hovedägare i sopsäckforetaket Sortera.
Norvestor gjør comeback i avfallsbransjen med Sortera. Planen er å ta byggesekker fra Stockholm til resten av Norden.
Norvestor VI LP, a fund advised by Norvestor Equity AS (Norvestor), has agreed to team up with the founders of Sortera Skandinavien AB (Sortera), one of the leading companies in the Stockholm region within construction related waste. By investing in Sortera, Norvestor will support the continued development of one of the fastest growing companies in the waste handling business in the region, with core business within collection and sorting of waste in heavy duty builder bags. Norvestor and the founders believe in strong market growth through increased use of the more efficient and flexible builder bags.
Vi skal være det naturlige stoppestedet når bedrifter skal ordne opp i programvarelisensene sine, sier konsernsjef Jarl Øverby i Inmeta Crayon.
On 27 January 2012, Norvestor VI L.P. ("Norvestor") closed the investment in the Oslo listed company Inmeta Crayon ASA, through a separate holding company to be named Inmeta Crayon Holding AS (the "Company"). On 5 January 2012, the Company had received acceptances which constituted approximately 95% of the shares and voting rights in Inmeta Crayon ASA. The acquisition of the remaining shares in Inmeta Crayon ASA will be effectuated during February 2012.
De lokale firmaene Cegal AS og Unitron er lokalisert henholdsvis i Sandnes og på Forus, og leverer blant annet ITdrift og konsulenttjenester til bedriftsmarkedet. Nå slår de seg sammen for å skape Rogalands nye IT-fyrtårn, hvor det skal fokuseres på IT-drift og konsulenttjenester.
It-selskapet Cegal på Forus har ambisjoner om å bli ledende på it-drift i Norge, spesielt innen olje og gass. Første skritt på veien er oppkjøp av den lokale konkurrenten Unitron.
Norvestor går tungt inn i karmøy-selskapet Marine Aluminium, som produserer helikopterdekk og andre strukturer for oljebransjen
Norvestor V, L.P. (Norvestor) has signed an agreement to invest in Marine Aluminium AS (the Company), one of the world's leading companies within design, engineering and fabrication of aluminium structures and products for the oil and gas and maritime industries
Transaksjoner innen private equity faller kraftig på verdensbasis. – Markedet er helt klart blitt vanskeligere, sier Norvestor-partner Lars Grinde.
Norvestor løftet verdien av Inmeta Crayon over 40 prosent med et bud på selskapet. Planen er å skape kraftig vekst de neste årene.
(Oslo, 8 December 2011) Metallic Invest AS (the "Offeror") will offer to acquire all of the shares of Inmeta Crayon ASA ("Inmeta Crayon" or the "Company") through a voluntary cash offer of NOK 6.00 per share. The Board of Directors of Inmeta Crayon recommends the Company's shareholders to accept the offer.
Siden ifjor sommer har Norvestor tatt gevinster for 1,5 milliarder kroner. Sist ut er RenoNorden, hvor også Christian Ringnes og Svein Morten Sørensen er på selgersiden.
RiskkapitalbolagetAccent Equity går in i sophanteringsbranschen tillsammans med den brittiska kollegan Cap Vest. De köper det norska bolaget RenoNorden med verksamhet i Norge, Sverige och Danmark.
Norvestor V L.P. divests RenoNorden to mid-market private equity funds CapVest Equity Partners II and Accent Equity 2008.
Ifølge Lars Grinde i Norvestor har optimismen forsvunnet i kjølvannet av gjeldsuroen.
Norvestor IV, L.P. ("Norvestor") has signed an agreement to sell ELIXIA Holding II AS ("ELIXIA"), the leading health & fitness chain in the Nordic region, to Altor Fund III ("Altor") returning 5.2 times investment cost in less than five years.
RenoNorden ("Reno") has acquired 100% of the shares in the Danish household waste collection operator Nord-Ren A/S. Nord-Ren is one of the "big seven" operators in the relatively fragmented Danish market for household waste collection. Nord-Ren has a strong presence in the north west of Denmark and complements Reno's strong position in the south east.
Med det norske oppkjøpfondet Norvestor som eier har Apsis økt fra 75 til 130 ansatte på ett år – og blitt «årets superföretag» i Sverige.
En oppkjøpsbølge skyller over det ganske land. Igår var det oppkjøpsfondet Norvestor som var på handletur. Fondet kjøper Aptilo Networks fra blant andre Birdstep, og Aptilo overtar i samme slengen Birdstep-datter Service Factory.
Norvestor V, L.P. (Norvestor) has signed and closed an investment in Aptilo Networks AB (Aptilo), a leading supplier of software solutions for wireless service management and policy control.
Norvestor kjøper 75 prosent av Stavanger-baserte Cegal. Målet er å seksdoble topplinjen.
Norvestor V, L.P. (Norvestor) has signed an agreement to invest in Cegal AS, (Cegal), a supplier of centralized IT services.
Cegal is a provider of centralized IT operations with focus on Software as a Service ("SaaS") and consulting services. The business has shown an annual revenue growth of approximately 40% over the last three years, and with good profitability.
Apsis digitala marknadsfàring når tio miljoner nätanvändare per dag. Marknadsföring över internet dödförklarades av skeptikema, men Anders Frankel var inte en av dem. I dag skickar hans under ut cirka tio miljoner nyhetsmeji om dagen i 40 länder.
EIIxla Nordic starter etableringen i Sverige med å kjøpe to treningssentre i Gøteborg.
RenoNorden has acquired the business of Resta Sverige AB ("Resta") after the company filed for bankruptcy on 9 September 2010. Resta has revenues of approximately SEK 200 million, and has been the third largest player within household waste collection in the Swedish market, after SITA and RagnSells. The company has contracts with the municipalities of Stockholm, Malmö, Vellinge, Göteborg, Värmdö, Nacka, Ekerö, Solna and Lund. Some of these contracts comprise the collection of all household waste in the municipality, while others only comprise of vacuum solutions for special vehicles. In addition, Resta have commissions from the Swedish paper industry
Henning Vold og Are Stenberg i Norvestor har kjøpt bedrifter for en milliard kroner de siste to årene. Nå handler de i Sverige, og har 650 millioner kroner til videre kjøp.
Det norska riskkapitalbolaget Norvestor blir ny huvudägare i det snabbväxande e-postbolaget Apsis. Med en årlig tillväxt på 70 procent räknar Anders Frankel, grundare och vd, med att affären ska ge draghjälp i den interna tionella expansionen.
Norvestor V, L.P. (Norvestor) has signed an agreement to invest in Apsis Sweden AB (Apsis), the leading Nordic supplier of software-as-a-service solutions for permission based e-mail marketing.
The owners of Secode AB (“Secode”) have signed an agreement to sell all their shares to NTT Communications Corporation (“NTT Com”). Secode is the last portfolio company in Norvestor’s Fund III. The Fund’s holding of 27% in Secode has been through Kernel Invest AS.
The owners of the online travel agent European Travel Interactive AB ("eTRAVELi") have signed an agreement to sell their shares to Segulah IV L.P. ("Segulah"). Norvestor IV, L.P. ("Norvestor"), a private equity fund advised by Norvestor Equity AS, owns 70 % of the shares in eTRAVELi.
Det norske oppkjøpsfondet Norvestor IV kan trolig innkassere en gevinst på rundt en halv milliard kroner når det nå selger nettreisebyrået eTRAVELi til svenske Segulah.
ELIXIA Holding II AS, a company owned 57 % by Norvestor IV, L.P., has completed a NOK 977.5 million refinancing of its bank debts. The refinancing includes a new NOK 225 million senior facility to be used to partially repay a shareholder loan.
Advantec AS has aquired the technology company Sentech AS. Following this, Sentech will change its name to Advantec Sensing AS.
The company has 5 employees based in Oppegård, close to Oslo. The main products are advanced metering systems which are used to improve the separation process. These systems are sold to the international oil and gas market.
Elixia konsernet, som eier og driver 41 treningssenter i Norge og Finland, oppnådde i 2009 rekordresultater.
Internettreisebyraet European Travel Interaotive, som se~ger reiser under varemerker som Seat24, Supersaver, Flygvaruhuset, Gotogate og flybillet.dk, kjopte nylig konkurrenten Travelstart. Dermed passerer omsetningen fire milliarder kroner i ar men det stopper neppe der.
Norvestor sikrer seg kontroll over den tidligere Aker Kværner-bedriften Advantec.
Norvestor V, L.P. (Norvestor) has signed an agreement to invest in Advantec Holding AS, (Advantec), a supplier of electro hydraulic control systems for the subsea oil and gas market.
Renovasjon: Lars Grinde i Norvestor kjøpte RenoNorden i 2008 og gjor det til en pengemaskin. Nå slår de seg stort opp i Danmark gjennom å kjøpe Renoflex.
RenoNorden Holding AS ("RenoNorden") has acquired the household waste collection division (the "Tender Division") of Renoflex-Gruppen A/S ("Renoflex"), a leading Danish waste management company. Renoflex' Tender Division is one of the leading collectors and transporters of household refuse and waste in Denmark, servicing 12 out of 98 municipalities mainly in the Zealand- and Capital region. The Tender Division has grown strongly over the last five years, and had a turnover of DKK 170 million in 2009.
Norvestor Equity AS has appointed Lars A. Grinde (48) as new Managing Partner from 1 March 2010. Lars has been with the team since 1991, and has a wealth of experience within all areas of the private equity industry.
Norvestor has hired Christian Fredrik Sontum (38) as a new Investment Director from 1 March 2010. Christian holds a BSc in Civil Engineering from Purdue University and an MBA from IESE (Barcelona). He has a background from strategic consulting, investment banking as well as many years of operational experience.
From 1 March 2010, Trond Bjørnøy will succeed Stein Wessel-Aas as Chairman, in addition to his role as Partner. Stein will continue as board member of Norvestor Equity AS.
The group expects to sell travel worth SEK 5 billion in 2010.
Internet travel agency group European Travel Interactive (eTRAVELi) continues to expand on the Nordic travel market and is open for additional consolidation in Europe. The group is strengthening its portfolio of brands through the acquisition of one of the company's largest competitors, Travelstart in Europe. With this acquisition, the group expects to sell travel worth SEK 5 billion in 2010.
Internettreisebyrået European Travel Interactive (E Travel I), med det norske fondet Norvestor som hovedeier, kjøper konkurrenten Travelstart og passerer dermed fi re milliarder kroner i omsetning i år. Men det stopper ikke der.
Fredrik W. Korterud (38) has been appointed Partner in Norvestor Equity AS. Fredrik joined the Norvestor team in 1999 as an Analyst. He has worked primarily within the retail and service sectors.
The Norwegian Competition Authorities have approved the transaction and the sale of Intelecom has now been completed.
Norvestor V, L.P. makes its first exit when Intelecom Holding sells its subsidiary Intelecom Group to Opplysningen 1881
Opplysningen 1881 AS, through its wholly owned subsidiary Carrot Communications AS, has entered into a Sale and Purchase Agreement with Intelecom Holding AS (the acquisition vehicle) for the acquisition of all shares in Intelecom Group AS ("Intelecom").
eTRAVELi also records its best-ever earnings
The success story continues for travel agency group eTRAVELi. With sharply increased profitability and an EBITDA of €4.6 million for the first half of 2009, the company continues its success story. Its latest triumph is the acquisition of the Gotogate.no and Flybillet.dk brand. The purchases will further secure the company's position as a market leader within online travel.
Intelecom tar over drift og støtte på StatoilHydros kommunikasjonsløsninger. Avtalen er trolig verdt oppunder 100 millioner.
Det Uppsalabaserade reseföretaget Etraveli köper upp sajterna Gotogate.no och Flybillet.dk av norska via Travel Group. "Vi kände att det var en bra tidpunkt för vårt första förvärv", säger Ralph Axelson, vd för Etraveli.
Reisebyråkjeden VIA Travel Group selger onlineselskapene Gotogate og Flybillet.dk til Norvestorkontrollerte European Travel Interactive (eTRAVELi) i Sverige. - Vi hadde rett og slett for mange merkevarer, sier konsernsjef Espen Asheim i VIA.
Å la folk betale penger for å svette er en sikker måte å bli rik på i dagens Norge.
Kontiene til treningskjeden ELIXIA fylles opp parallelt med at nordmenn spinner av seg juleflesket og løper seg i form til strandsesongen. Regnskapet for størstedelen av treningskjeden er nå klar. Selv om konserntallene først blir sluppet senere denne uken, gir tallene så langt en pekepinn om et svært hyggelig resultat for eierne.
Bjørn Maaseide er strålende fornøyd med nyåpning og stappfullt treningssenter for «Trim Towers» på Forus.
Scandinavian Telecom has registered acceptances under the Offer for a total of 28,066,603 shares in Intelecom, which constitutes approximately 97.3 % of the shares and voting rights in Intelecom. The percentage has been calculated based on the issued share capital in Intelecom of 28,837,774 shares.
Oslo, Norway, 24 October 2008 - Norvestor V (GP) Limited acting as general partner of Norvestor V General Partner LP as general partner of Norvestor V L.P. (the "Fund") announces today that it intends to launch a voluntary cash tender offer (the "Offer") for 100% of the shares of Intelecom Group ASA ("Intelecom Group").
Norvestor Equity AS ("Norvestor"), a leading Norwegian mid-market private equity firm, has announced today the successful closing of Norvestor V, L.P. (the "Fund" or "Fund V") with total commitments of €236 million, well above its target size.
Norvestor V, L.P. ("Norvestor") has signed an agreement to acquire 70% of the Wema Group ("Wema" or the "Company"). Wema is the holding company of Wema System AS, Wema International AS and Wema Overseas AS.
BecoTek Metal Group AS, a company owned 66 % by Norvestor IV L.P., has completed a NOK 320 million recapitalisation. The recapitalisation was successfully completed on 20 June, with Nordea acting as agent and Nordea and DnBNOR as arrangers.
Lars Fins (43 år) er ansatt som ny konsernsjef i Life Europe AB. Han er nå VD for Gooh! og markedsdirektør for Lantmännen Axa for Norden. Lars har tidligere vært VD for Gröna Konsum i Sverige, VD for D-Gruppen Närhandel, markedsdirektør for Coop i Sverige samt hatt flere lederstillinger i Dagab.
Elixia Holding AS, a company owned 57 % by Norvestor IV L.P., has completed a NOK 800 million recapitalisation. The transaction was successfully completed on 27 June, with DnBNOR acting as agent and arranger. The recapitalisation enables Elixia Holding to repay the entire initial investment to its shareholders.
Henning Vold (44) has been appointed new Partner of Norvestor Equity AS. Henning joined the Norvestor team in 2001 as an Investment Manager.
Norvestor V, L.P. ("Norvestor") has acquired 70 % of RenoNorden AS ("Reno"). Reno is a specialist provider of waste collection services, focusing on municipal waste collection. The company is the market leader in Norway and has recently expanded to Sweden. Reno has grown strongly since the beginning of 2000, and had a turnover of NOK 257 million in 2007.
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.
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.
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.
Norvestor IV, L.P. (Norvestor) has concluded an agreement to acquire a 70% interest in BecoTek. BecoTek is a leading integrated manufacturer and supplier of brass cages to the ball and roller bearing industry worldwide, controlling the value chain from melting to finished products.
SCAN has successfully closed a NOK 202.5 million subordinated convertible bond issue.
Norvestor IV, L.P. (Norvestor) has concluded an agreement to purchase ELIXIA Nordic ASA from Elixia GmbH. The company operates the fitness and wellness chain ELIXIA in Norway and Finland, with a total of 24 clubs.
Life Europe AB has appointed Hallgeir Åndal as its CEO and has in total acquired 89% of the Norwegian company Life Scandinavia AS. Life Europe views this acquisition as an important step in its effort to achieve a Nordic structuring of the health business. Life Europe now has nearly 400 health and lifestyle stores.
SCAN Geophysical ASA ("SCAN") successfully completed a private placement of approximately NOK 315 million on June 30, 2006, by issuance of 24,230,000 shares at a price of NOK 13 per share. SCAN will now be listed on the OTC list, and the pricing implies a market capitalization of the company of NOK 1,065 million after completion of the offering.
Panorama AS has acquired the silverware supplier Boor AS, which sells the best known Norwegian silverware designs such as Telesølv, Odel and Juvel. The silverware is produced by Boor's affiliated company, Bordsølv Design AS, which will be purchased by AS Th. Marthinsen Sølvvarefabrikk, which produces Panorama's existing silverware designs such as Opphøiet, Rose, Drage, Arvesølv og Märtha.
Life Health Nordic AB (Life AB) has appointed Hallgeir Åndal as its new CEO and has signed a contract to buy just over 40% of Life Scandinavia. Life AB regards these as important steps in its efforts to achieve a restructuring of the health food industry in the Nordic region.
Panorama is buying the Gullegget and Juvelen jewellery chains.Panorama is Norway's biggest supplier of jewellery products, and also owns Gullfunn, one of Norway's leading jewellery chains. Funds managed by Norvestor Equity AS acquired 75 % of the Panorama group in 2005.
Norsk Vekst Equity Partners AS has changed its name to:Norvestor Equity AS ("Norvestor")
Norvestor IV, L.P. ("Norvestor") has made multiple acquisitions within the Swedish health food sector. These transactions include:
- Naturapoteket AB, a Swedish health food store chain with 50 stores carrying the "Naturapoteket" brand
- United Care Scandinavia AB, a Swedish health food producer, wholesaler and retailer with 30 stores carrying the "Exist" brand
- Hälsofack AB, an independent Swedish store chain with 125 stores carrying the "Life" brand.
Norvestor IV LP ("Norvestor") has acquired a 50,3% interest in the Norwegian company SCAN Geophysical AS ("SCAN") through a share issue. SCAN is a niche operator in the market for high-end 2D and small size 3D seismic surveys.
Norvestor IV, L.P. ("Norvestor") has acquired a 75% interest in the Norwegian company Panorama AS. Panorama is the leading company in the Norwegian jewellery industry with activities ranging from sourcing and product design to retail outlets.
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