M&A Deal Summary

Adolfsen Group Acquires Hero Norge

On March 21, 2014, private equity firm Adolfsen Group acquired business services company Hero Norge

Acquisition Highlights
  • This is Adolfsen Group’s 1st transaction in the Business Services sector.
  • This is Adolfsen Group’s 2nd transaction in Norway.

M&A Deal Summary

Date 2014-03-21
Target Hero Norge
Sector Business Services
Buyer(s) Adolfsen Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Hero Norge

Stavanger, Norway
Hero Norge is a private company offering services aimed towards the target group's asylum seekers, refugees, and immigrants. Hero Norge was founded in 1987 and is based in Stavanger, Norway.

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Buyer(S) 1

DESCRIPTION

Adolfsen Group is a Norwegian investment group focused on acquiring controlling and non-controlling stakes in companies and markets at an early stage where there is a potential for restructuring or strong underlying growth. Target sectors include care services, leisure, staffing, and real estate. Adolfsen Group is based in Oslo.


DEAL STATS #
Overall 3 of 4
Sector: Business Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: Norway M&A 2 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-10 Agito Nordic AB

Stockholm, Sweden

Agito Nordic AB is a Scandinavian healthcare service provider offering flexible and high qualitative staffing solutions of physicians and nurses. The company is a partner to municipalities, hospitals as well as private healthcare institutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Frosunda

Stockholm, Sweden

Frosunda provides personal assistance (care delivered to the home) and housing (group assisted accommodation) services for adults and children with physical or mental disabilities. Frosunda was founded in 1994 and is based in Stockholm, Sweden.

Buy -