M&A Deal Summary

Credo Partners Acquires MMC First Process

On April 16, 2019, private equity firm Credo Partners acquired marine company MMC First Process

Acquisition Highlights
  • This is Credo Partners’ 1st transaction in the Marine sector.
  • This is Credo Partners’ 12th transaction in Norway.

M&A Deal Summary

Date 2019-04-16
Target MMC First Process
Sector Marine
Buyer(s) Credo Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

MMC First Process

Fosnavag, Norway
MMC First Process is a seafood cooling systems provider. MMC First Process is a supplier of solutions for handling seafood to the fisheries and aquaculture industries, with a position in systems for gentle loading, storage, and unloading of live fish on board well boats. MMC First Process is based in Fosnavag, Norway.

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Buyer(S) 1

Buyer

Credo Partners

Oslo, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Credo Partners is a Norwegian investment- and advisory firm that focuses on value creation in companies where strategic repositioning and significant improvements in operations are critical success factors. Credo Partners have extensive top management experience from Norwegian and international industry, and specialize in profitability improvements in companies with clear improvement potential. Credo Partners was established in 2003 and is headquartered in Oslo, Norway.


DEAL STATS #
Overall 15 of 23
Sector: Marine M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 15 of 23
Country: Norway M&A 12 of 19
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Frisk Utvikling

Oslo, Norway

Frisk Utvikling provides services within work inclusion, specialist and occupational health, HSE, medical clinics, medical research, and organizational development. Frisk Utvikling is a provider of public unemployment services and is rapidly expanding its offering to the private sector. Integrating and professionalizing business processes will create substantial value for both investors and jobseekers. Frisk Utvikling is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Mill

Østerås, Norway

Mill designs and manufactures wall hanging- and portable electric space heaters and focuses on the design and smart home solutions. Mill aims to build a global customer-centric household appliance company, primarily by way of organic expansion in international markets. Mill was founded in 1992 and is based in Østerås, Norway.

Buy -