Investment Summary

Exits Revus Energy ASA

On June 1, 2005, invested in oil/gas exploration company Revus Energy ASA from 3i Private Equity and HitecVision

Investment Highlights
  • This is transaction in the Oil/Gas Exploration sector.
  • This is transaction in Norway.
Investment Fate
  • Revus Energy ASA was sold to a strategic buyer in 2008 for 740M USD.

Investment Summary

Date 2005-06-01
Target Revus Energy ASA
Sector Oil/Gas Exploration
Sellers(s) 3i Private Equity
HitecVision
Deal Type IPO

Target

Revus Energy ASA

Stavanger, Norway
website
Revus Energy is as an independent Exploration & Production company which focuses solely on the untapped opportunities on the Norwegian continental shelf. The company focuses on reservoir expertise and business development.

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Seller(S) 2

SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 21 of 191
Sector (Oil/Gas Exploration) 1 of 3
Type (IPO) 4 of 19
Country (Norway) 1 of 3
Year (2005) 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 Fairline Boats

Oundle, United Kingdom

Fairline specialises in manufacturing boats in the 34 to 78 foot range.

Buy £40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-09 SIA Groupe

Le Pré-Saint-Gervais, France

SIA produces a wide range of products such as artificial plants and flowers, vases, table decorations, furniture, lamps, bed and table linen, candles and candlesticks, home fragrances, kitchen accessories and a range of bathroom products. SIA Groupe was founded in 1963 and is based in Le Pré-Saint-Gervais, France.

Sell -
SELLER

HitecVision

Stavanger, Norway

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1985
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 5 of 29
Sector (Oil/Gas Exploration) 1 of 5
Type (IPO) 3 of 4
Country (Norway) 5 of 21
Year (2005) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-01 Advanced Production and Loading AS

Kolbjornsvik, Norway

Advanced Production and Loading AS (APL) is a supplier of turret mooring and offshore loading and offloading systems. APL is responsible for system development, design, engineering, fabrication and marketing/sales of Submerged Turret Loading and Submerged Turret Production systems for oil and gas applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Valco Group AS

Ruffec, France

Valco Group manufactures and services industrial valves for a wide range of industrial applications. Valco Group AS has two main manufacturing companies: Westad Industri AS in Norway and SNRI SAS in France, as well as specialized trading and servicing companies. Valco Group supply valves and related products and services for applications worldwide within the Marine sector, Oil & Gas upstream, Oil & Gas downstream, and Energy & Industry, with cryogenic valves a specialty.

Buy -