M&A Deal Summary

EV Private Equity Acquires Enhanced Well Technologies

On July 15, 2019, private equity firm EV Private Equity acquired oil/gas exploration company Enhanced Well Technologies from Altor Equity Partners

Acquisition Highlights
  • This is EV Private Equity’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is EV Private Equity’s 14th transaction in Norway.

M&A Deal Summary

Date 2019-07-15
Target Enhanced Well Technologies
Sector Oil/Gas Exploration
Buyer(s) EV Private Equity
Sellers(s) Altor Equity Partners
Deal Type Secondary Buyout

Target

Enhanced Well Technologies

Straume, Norway
Enhanced Well Technologies is a supplier of specialized drilling technology to the global oil and gas industry. Enhanced Well Technologies is based in Straume, Norway.

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Buyer(S) 1

Buyer

EV Private Equity

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 1.0B NOK
Size Small
Type Sector Focused
DESCRIPTION

Energy Ventures is an independent venture capital firm that manages/advises four venture funds. It actively seeks early- to mid-stage investments in technology companies that deliver a marketable, proprietary product or service in the upstream oil and gas sector. Energy Ventures focuses on investments based in the North Sea area or North America with an international orientation. Established in 2002, Energy Ventures is based in Stavanger, Norway with additional offices in Aberdeen, UK, and Houston, Texas.


DEAL STATS #
Overall 47 of 48
Sector (Oil/Gas Exploration) 3 of 3
Type (Secondary Buyout) 2 of 2
Country (Norway) 14 of 15
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Energy Drilling Management

Singapore, Singapore

Energy Drilling Management is a tender drilling company offering cost-effective solutions to the offshore drilling market. Energy Drilling Management was founded in 2012 and is based in Singapore.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 HalfWave AS

Hordaland, Norway

HalfWave AS provides accurate and reliable inspection data that allows its customers to make informed choices in order to maintain the integrity of critical assets. Halfwave has developed innovative cost-effective inspection tools and services for the energy market. Key to Halfwave’s offering is its patented ultra-wideband acoustic inspection technology (ART), which offers penetration and measurement capabilities significantly exceeding those of existing inspection technologies.

Sell -

Seller(S) 1

SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 30 of 42
Sector (Oil/Gas Exploration) 1 of 1
Type (Secondary Buyout) 9 of 12
Country (Norway) 12 of 15
Year (2019) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-19 Gummigrossen

Arnasvall, Sweden

Gummigrossen is a manufacturer of tire and alloys for the automotive industry. Gummigrossen was founded in 2001 and is based in Arnasvall, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-12 BTI Studios

Stockholm, Sweden

BTI Studios is a provider of subtitling and dubbing services to broadcasters and other media companies. BTI Studios is a provider of subtitling in about 40 languages and has a number of leading broadcasters and Home Entertainment companies as customers. BTI has achieved significant growth in recent years and holds a solid market position based on a reputation for high quality, delivery precision and significant production capacity in many different local European markets.

Sell -