M&A Deal Summary

Aars Acquires Micro Matic Norge

On April 12, 2016, family office Aars acquired electronics company Micro Matic Norge from Herkules Capital

Acquisition Highlights
  • This is Aars’ 1st transaction in the Electronics sector.
  • This is Aars’ 6th transaction in Norway.

M&A Deal Summary
Date 2016-04-12
Target Micro Matic Norge
Sector Electronics
Buyer(s) Aars
Sellers(s) Herkules Capital
Deal Type Secondary Buyout

Target

Micro Matic Norge

Hvalstad, Norway
Micro Matic Norge is a technical control systems and design installation materials company. The Company imports and markets components and systems for management and control of technical installations within electro, heating and ventilation. The company's product range include i.a. light-, heating- and ventilation controls, control systems, smarthouse solutions, calling systems, installation materials and electricity transformers. Micro Matic Norge was founded in 1969 and is based in Hvalstad, Norway.

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Buyer(S) 1

Buyer

Aars

Investor Investor Investor Investor Investor

Category Family Office
Founded 1936
Size Small
Type Sector Agnostic
DESCRIPTION

Aars is a family-backed private investment firm focused on a variety of direct and other alternative investments. The Firm's direct investment group is sector agnostic and will consider opportunities throughout Scandinavia. Aars looks for businesses with strong company cultures and situations where strategic expertise can help with growth. Aars was originally established in 1936 and is based in Oslo, Norway.

DEAL STATS #
Overall 7 of 10
Sector (Electronics) 1 of 1
Type (Secondary Buyout) 1 of 2
Country (Norway) 6 of 9
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-28 Vinestor

Billingstad, Norway

Vinestor is a supplier of beverages to customers and consumers by importing, promoting and selling beverages through companies with different objectives, effective management, strong human capital and co-operations. Vinestor is based in Billingstad, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-14 Brandstad Drift AS

Oslo, Norway

Brandstad Drift AS is a men's retail apparel company offering stylish authors Lee, Diesel, Scotch & Soda, Lyle & Scott, Pori, Dovre, Saddler, Happy Socks, Superdry, Tommy Hilfiger and Hugo Boss.

Sell -

Seller(S) 1

SELLER

Herkules Capital

Oslo, Norway

Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 15.1B NOK
Size Large
Type Sector Agnostic
DESCRIPTION

Herkules Capital is a private equity firm focused on acquiring controlling interests in established companies located in Norway and other Nordic countries. Herkules looks to commit NOK 100 to NOK 1200 million of equity capital per transaction and will consider investing in public and private companies. Sectors of interest include oil services, healthcare, consumer, trade/retail, services and telecom. The Firm's investment horizon is typically five to seven years. Herkules was formerly known as Fer Private Equity. The Firm is based in Lysaker, Norway.

DEAL STATS #
Overall 16 of 34
Sector (Electronics) 1 of 1
Type (Secondary Buyout) 6 of 10
Country (Norway) 13 of 28
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-22 Olivia

Oslo, Norway

Olivia is an operator of restaurants by serving pasta and pizza dishes as well as various Italian food specialties. Olivia provides the best Italian-produced commodities and wine from smaller, family-run producers. Olivia was founded in 2006 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Bandak Group AS

Lunde, Norway

Bandak Group AS provides advanced mechanical-based products, services, and solutions from manufacturing facilities in Norway and Malaysia to clients within offshore oil & gas, marine, defense & space industries. Bandak Group was formed in1938 and is based in Lunde, Norway.

Sell -
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