M&A Deal Summary

Argentum Capital Partners Acquires Cegal

On November 27, 2019, growth capital firm Argentum Capital Partners acquired internet software and services company Cegal from Norvestor Equity AS

Acquisition Highlights
  • This is Argentum Capital Partners’ 10th transaction in the Internet Software and Services sector.
  • This is Argentum Capital Partners’ 1st transaction in Norway.

M&A Deal Summary

Date 2019-11-27
Target Cegal
Sector Internet Software and Services
Buyer(s) Argentum Capital Partners
Sellers(s) Norvestor Equity AS
Deal Type Secondary Buyout

Target

Cegal

Sandnes, Norway
Cegal is a provider of IT services to the global oil and gas industry. The Company offers Cloud services, application management, advisory services, consulting services, and sale of hardware and software to more than 200 customers and more than 14,000 users around the world. Cegal was established in 2000 and is based in Sandnes, Norway.

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Buyer(S) 1

Buyer

Argentum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argentum Capital Partners is a private equity firm focused on investing in small to mid-sized companies with proven business models and the ability to become market leaders. Prospective transaction situations include growth capital financing, management buyouts, platform acquisitions, and recapitalization. The firm typically takes minority positions, except in the case of management buyouts. Industry sectors of interest include business services, healthcare, and technology. Argentum generally prefers opportunities located in the Eastern US, but will consider companies across the US. Argentum Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 37 of 48
Sector: Internet Software and Services M&A 10 of 13
Type: Secondary Buyout M&A Deals 2 of 2
Country: Norway M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 EQM Technologies & Energy

Cincinnati, Ohio, United States

Environmental Quality Management, Inc. is a provider of environmental services (remediation & construction and consulting & engineering) to various agencies of the US Federal government, to state and local governments and to major industrial companies in the private sector. EQM operates primarily under long-term multi-year enabling contracts, with the majority of its business with the Federal government (EPA, Air Force, and Army Corps of Engineers), primarily on a ?time and material? or ?cost-plus? basis.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 Hanweck Associates

New York, New York, United States

Hanweck Associates LLC delivers real-time risk and margin analytics on global derivatives markets, bringing visibility and clarity to capital and balance sheet constraints of banks, broker/dealers, hedge funds, central counterparties, and exchanges.

Sell -

Seller(S) 1

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 41 of 52
Sector: Internet Software and Services M&A 3 of 5
Type: Secondary Buyout M&A Deals 8 of 11
Country: Norway M&A 29 of 34
Year: 2019 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 Oy Johnson Metall Ab

Pirkkala, Sweden

Johnson Metall offers a full range of bronze components, serving customers with finished machined bronze components, casting goods, and traded special alloys and bearings. The company's production facilities are located in Sweden and Finland, with sales companies in Denmark and Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-11 PHM Group

Helsinki, Finland

PHM Group is a provider of residential property maintenance services. PHM Group is based in Helsinki, Finland.

Buy -