M&A Deal Summary

DIF Capital Partners Acquires Novar

On November 21, 2023, infrastructure investor DIF Capital Partners acquired energy services and equipment company Novar

Acquisition Highlights
  • This is DIF Capital Partners’ 4th transaction in the Energy Services and Equipment sector.
  • This is DIF Capital Partners’ 3rd transaction in the Netherlands.

M&A Deal Summary

Date 2023-11-21
Target Novar
Sector Energy Services and Equipment
Buyer(s) DIF Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Eversheds LLP
Hogan Lovells (Legal)

Target

Novar

Groningen, Netherlands
Novar is a provider in the development of large-scale sustainable energy systems. Novar was founded in 2014 and is based in Groningen, Netherlands.

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Buyer(S) 1

Buyer

DIF Capital Partners


Category Infrastructure
Founded 2005
PE ASSETS 16.0B EUR
Size Mega
Type Sector Focused
DESCRIPTION

DIF Capital Partners is a private investment firm focused on infrastructure and real assets. The Firm targets opportunities across Europe, North America, and Australia and generally looks to commit €10 to €250 per transaction or project. Targeted assets include telecom infrastructure, rail, energy and non-regulated utility sectors. DIF Capital Partners was formed in 2005 and is headquartered in Schiphol, Netherlands.


DEAL STATS #
Overall 34 of 35
Sector: Energy Services and Equipment M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 10
Country: Netherlands M&A 3 of 3
Year: 2023 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-31 Fjord1

Floro, Norway

Fjord1 is a provider of floating bridge and critical high-frequency ferry and express boat services with a large fleet of modern and electric ferries. Fjord1 has extended its fleet to 81 vessels (including 39 electric projected as of end of year) and now operates 44 routes across 16 contracts. Fjord1 was founded in 1858 and is based in Floro, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-18 TDF Fibre business

Montrouge, France

TDF Fibre business owns four public initiative networks that are all fully operational. DF Fibre business is based in Montrouge, France.

Buy -