M&A Deal Summary

EQT Acquires Recover Nordic

On December 10, 2019, private equity firm EQT acquired environmental company Recover Nordic from Agilitas Private Equity

Acquisition Highlights
  • This is EQT’s 5th transaction in the Environmental sector.
  • This is EQT’s 10th transaction in Norway.

M&A Deal Summary
Date 2019-12-10
Target Recover Nordic
Sector Environmental
Buyer(s) EQT
Sellers(s) Agilitas Private Equity
Deal Type Secondary Buyout

Target

Recover Nordic

Oslo, Norway
Recover Nordic is a provider of property remediation and environmental services in the Nordics. Recover Nordic serves insurance companies, municipalities, industrial and commercial companies across the Nordics, helping end-customers return to everyday life as quickly as possible following property damages and unexpected events. Recover Nordic was founded in 2013 and is based in Oslo, Norway.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 222 of 317
Sector (Environmental) 5 of 8
Type (Secondary Buyout) 60 of 97
Country (Norway) 10 of 13
Year (2019) 27 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-05 itslearning AS

Bergen, Norway

itslearning AS is a provider of pedagogy focused cloud-based Learning Management System (LMS). itslearning's LMS supports teachers and students in managing the learning process, create multimedia resources, and share work and information online. itslearning AS was founded in 1999 and is based in Bergen, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Contanda

Houston, Texas, United States

Contanda is a premier provider of storage and logistics services to owners of bulk liquids in North America. Contanda has over seven million barrels of storage capacity across 15 terminals in North America. The business is focused on growth in the petrochemical, hydrocarbon, and renewable markets while maintaining a leading market position in the refined products, renewable fuels, chemical, and agricultural sectors. Contanda is based in Houston, Texas.

Sell -

Seller(S) 1

SELLER

Agilitas Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Agilitas Private Equity is a private investment group focused on acquiring European businesses exhibiting significant barriers to entry, long-term customer relationships, and differentiated resources. Agilitas will consider businesses with complex business models or transaction structures. Agilitas Private Equity was established in 2011 and is based in London.

DEAL STATS #
Overall 2 of 5
Sector (Environmental) 1 of 3
Type (Secondary Buyout) 2 of 4
Country (Norway) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Cibicom

Ballerup, Denmark

Cibicom is an operator and owner of a nationwide digital terrestrial TV (‘DTT’) and a terrestrial radio broadcasting tower infrastructure network. The Company owns 34 high towers (>100m) across Denmark, providing cost-effective nationwide broadcast and transmission coverage. It owns the land and buildings on 28 of the 34 tower sites as well as equipment across c. 170 additional sites. The Company also owns and operates datacentres, 3,500 km of fibre connections, internet of things services and maintains networks for mission critical services. Cibicom is based in Ballerup, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-13 Learning Curve Group

County Durham, United Kingdom

Learning Curve Group is a provider of training services and further education providers, as well as working directly with learners and employers offering high-quality education and training. Learning Curve Group was established in 2004 and is based in County Durham, United Kingdom.

Buy -
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