Add-on Acquisition • Real Estate

Balder Acquires Asset Buyout Partners

On May 5, 2021, Balder acquired real estate company Asset Buyout Partners from HitecVision

Acquisition Context
  • This is Balder’s 1st transaction in the Real Estate sector.
  • This is Balder’s 1st transaction in Norway.

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M&A Deal Summary

Date May 5, 2021
Target Asset Buyout Partners
Sector Real Estate
Buyer(s) Balder
Sellers(s) HitecVision
Deal Type Add-on Acquisition

Target Company

Asset Buyout Partners

Oslo, Norway
Asset Buyout Partners is an independent Norwegian industrial real estate company with real estate assets located in mission-critical energy and maritime clusters along the Norwegian coast. Asset Buyout Partners was founded in 2015 and is based in Oslo, Norway.
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Buyer Overview 1

Buyer

Balder

Gothenburg , Sweden

Category Company
Founded 2005
Sector Real Estate
Employees1,083
Revenue 12.9B SEK (2024)
DESCRIPTION

Balder develops, owns, and manages residential and commercial properties, and hotels in Sweden, Denmark, Finland, Norway, Germany, and the United Kingdom. Balder was founded in 2005 and is headquartered in Gothenburg, Sweden.


Deal Context for Buyer #
Overall 1 of 1
Sector: Real Estate 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Norway 1 of 1
Year: 2021 1 of 1

Seller Profile 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 Context for Seller #
Overall 28 of 34
Sector: Real Estate 1 of 1
Type: Add-on Acquisition 14 of 17
Country: Norway 20 of 25
Year: 2021 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Aarbakke Group AS

Bryne, Norway

Aarbakke Group AS is a provider of precision manufacturing services to the oil and gas industry, specializing in the manufacture of subsea and downhole equipment to extreme quality standards. Aarbakke Group is based in Bryne, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 Delmar Systems & Vryhof

Schiedam, Netherlands

Delmar Systems and Vryhof are the trusted partners to most offshore energy industry’s, delivering innovative and customer-focused anchoring and mooring solutions. Delmar Systems & Vryhof are committed to the highest standards of safety, integrity, and respect to the environment. Delmar Systems & Vryhof is based in Schiedam, Netherlands.

Sell -