M&A Deal Summary

Apollo Global Management Acquires Hav Energy

On May 6, 2025, asset manager Apollo Global Management acquired marine company Hav Energy from HitecVision

Acquisition Highlights
  • This is Apollo Global Management’s 1st transaction in the Marine sector.
  • This is Apollo Global Management’s 1st transaction in Norway.

M&A Deal Summary

Date 2025-05-06
Target Hav Energy
Sector Marine
Buyer(s) Apollo Global Management
Sellers(s) HitecVision
Deal Type Secondary Buyout

Target

Hav Energy

Sandnes, Norway
Hav Energy is a maritime liquefied natural gas carrier (“LNGC”) infrastructure platform. Hav Energy was founded in 2022 and is based in Sandnes, Norway.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 146 of 151
Sector: Marine M&A 1 of 1
Type: Secondary Buyout M&A Deals 35 of 38
Country: Norway M&A 1 of 1
Year: 2025 M&A 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-19 OEG

Aberdeen, United Kingdom

OEG provides core services across the offshore energy ecosystem, delivering development and operations solutions to oil & gas (O&G) and wind end markets. OEG is based in Aberdeen, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-08 Aspen

Hamilton, Bermuda

Aspen is a provider of reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, Ireland, Singapore, Switzerland, the United Arab Emirates, the United Kingdom, and the United States. Aspen was founded in 2002 and is based in Hamilton, Bermuda.

Sell -

Seller(S) 1

SELLER

HitecVision

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 8.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

HitecVision 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 €150 to €500 million in companies. Specific areas of interest include drilling/down-hole, exploration/production, field development, mid- and downstream, and subsurface. HitecVision was formed in 1985 and is based in Stavanger. The Firm has additional offices in Oslo and Texas.


DEAL STATS #
Overall 34 of 34
Sector: Marine M&A 3 of 3
Type: Secondary Buyout M&A Deals 8 of 8
Country: Norway M&A 25 of 25
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 St1 Biokraft

Stockholm, Sweden

St1 Biokraft is a fully integrated producer and distributor of biogas and biomethane. St1 Biokraft is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-19 Vow Green Metals

Lysaker, Norway

Vow Green Metals produces and sells biocarbon and CO2 neutral gas in Norway. The company also offers bio-oil and bioenergy. Vow Green Metals was founded in 2021 and is based in Lysaker, Norway.

Buy -