Investment Summary

Exits Crayon Group

On November 6, 2017, invested in information technology company Crayon Group from Norvestor Equity AS and Armada

Investment Highlights
  • This is transaction in the Information Technology sector.
  • This is transaction in Norway.
Investment Fate
  • Crayon Group was sold to a financial buyer in 2018.

Investment Summary

Date 2017-11-06
Target Crayon Group
Sector Information Technology
Sellers(s) Norvestor Equity AS
Armada
Deal Type IPO

Target

Crayon Group

Oslo, Norway
Crayon Group operates as an IT advisory company in software and digital transformation services. It operates through software & cloud direct, software & cloud channel, software & cloud economics, and consulting segments. Crayon Group is based in Oslo, Norway.

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Seller(S) 2

SELLER

Norvestor Equity AS

Oslo, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Norvestor Equity is an independent private equity group focused on opportunities throughout Norway and the nearby Nordic region. Norvestor generally looks to acquire control positions in businesses with strong market positions, clear potential for sales and earnings growth, and motivated management. Sectors of interest include engineering/technology, food/beverage, IT, telecommunications, maritime equipment, oil services, power/energy, retail, and services/outsourcing. The Firm's investment size is €10 to €45 million in companies with enterprise values of €20 to €125 million. Norvestor Equity is based in Oslo with an additional office in Stockholm.


DEAL STATS #
Overall 36 of 48
Sector (Information Technology) 4 of 6
Type (IPO) 10 of 11
Country (Norway) 28 of 31
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 Life Europe

Kista, Sweden

Life Europe is a specialized health product retailer in the Nordic region with an extensive store network of more than 440 stores across Sweden, Norway, and Finland. Life Europe is based in Kista, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-16 Sperre

Ellingsøy, Norway

Sperre is a world leading supplier of starting-air compressor systems for the offshore- and commercial marine markets. Sperre was founded in 1938 and is based in Ellingsøy, Norway.

Buy -
SELLER

Armada

Helsinki, Finland

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Armada Mezzanine is an independent mezzanine firm focused on financing buyouts, recapitalizations, and expansions of small and medium-sized Nordic companies. Armada generally targets companies valued from €20 to €150 million with stable cash-flows, attractive growth opportunities, and sustainable competitive advantages. Sectors of interest include industrial products, services, and technology. Armada Mezzanine was established in 2000 and has offices in Helsinki and Stockholm.


DEAL STATS #
Overall 9 of 12
Sector (Information Technology) 1 of 1
Type (IPO) 2 of 2
Country (Norway) 3 of 3
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 Prosero Security Group

Årsta, Sweden

Prosero Security Group offers project planning, installation, and service in the fields of alarms and surveillance, fire safety, and lock and access control systems. Prosero Security Group is based in Arsta, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-23 Pincho Nation

Goteborg, Sweden

Pincho Nation is an app-based restaurant concept, offering a broad menu of appetizers drawing inspiration from all over the world, including dishes such as Spanish quesadillas, Asian dumplings, Hungarian stake, French crème brûlée, and beverages such as mojitos, sangria, beer, and playful drinks in all the colors of the rainbow. Pincho Nation was founded in 2012 and is based in Goteborg, Sweden.

Buy -