M&A Deal Summary |
|
|---|---|
| Date | 2020-09-01 |
| Target | Aarbakke Group AS |
| Sector | Energy Services and Equipment |
| Buyer(s) | Westco Miljø AS |
| Sellers(s) | HitecVision |
| Deal Type | Add-on Acquisition |
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Westco Miljø AS is an environmental company in the management of industrial waste. Westco Miljø is based in Sandnes, Norway.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| Country (Norway) | 1 of 1 |
| Year (2020) | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 1985 |
| PE ASSETS | 5.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HitecVision AS is a private equity firm specializing in buyouts and growth capital investments in the oil and gas industry. The Firm targets investments in middle-market companies throughout North America (primarily US) and Northern Europe (primarily Norway and the UK). HitecVision seeks companies with growth potential and unique technologies. The Firm looks to invest $30 to $150 million in companies valued up to $300 million. Specific areas of interest include drilling/down-hole, exploration/production, field development, mid- and downstream, and subsurface. HitecVision AS was formed in 1985 and is based in Stavanger. The Firm has additional offices in Oslo and Texas.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 29 |
| Sector (Energy Services and Equipment) | 9 of 10 |
| Type (Add-on Acquisition) | 12 of 15 |
| Country (Norway) | 19 of 21 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-01 |
Moreld
Stavanger, Norway Moreld is an industrial group created through the merger of a number of small and medium-sized companies in HitecVision’s portfolio. As the energy sector prepares for a transition towards a low-carbon future, Moreld will seize opportunities to increase its foothold in sectors such as aquaculture, offshore wind, and other relevant renewable energy sectors, whilst continuing to nurture existing oil service operations. Moreld was founded in 2020 and is based in Stavanger, Norway. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-05 |
Asset Buyout Partners
Oslo, Norway Asset Buyout Partners is an independent Norwegian industrial real estate company with real estate assets located in mission-critical energy and maritime clusters along the Norwegian coast. Asset Buyout Partners was founded in 2015 and is based in Oslo, Norway. |
Sell | - |
