M&A Deal Summary

Credo Partners Acquires MOVA

On August 1, 2022, private equity firm Credo Partners acquired consumer services company MOVA

Acquisition Highlights
  • This is Credo Partners’ 1st transaction in the Consumer Services sector.
  • This is Credo Partners’ 18th transaction in Norway.

M&A Deal Summary

Date 2022-08-01
Target MOVA
Sector Consumer Services
Buyer(s) Credo Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

MOVA

Oslo, Norway
MOVA is developing a competence-driven multi-local player in training and health. The business consists of over 70 training centers in Norway. MOVA was founded in 2022 and is based in Oslo, 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 21 of 23
Sector: Consumer Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 21 of 23
Country: Norway M&A 18 of 19
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 Globus Wine

Køge, Denmark

Globus Wine provides whole wine concepts, including sourcing, blending, filling, distribution and branding. Globus Win is a partner for Danish retail in the wine category, and a leading wine company in Northern Europe. Globus Wine was founded in 2006 and is based in Køge, Denmark.

Sell kr.569M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 Konstel

Lierstranda, Norway

Konstel is an electrical installation and service supplier group in Eastern Norway. Konstel combines the flexibility, personality, and efficiency of a small company with the resources, networks, and professionalism of a large business. Konstel was founded in 2006 and is based in Lierstranda, Norway.

Sell -