M&A Deal Summary

Equip Capital Acquires iteam

On January 21, 2020, private equity firm Equip Capital acquired information technology company iteam

Acquisition Highlights
  • This is Equip Capital’s 1st transaction in the Information Technology sector.
  • This is Equip Capital’s 2nd transaction in Norway.

M&A Deal Summary

Date 2020-01-21
Target iteam
Sector Information Technology
Buyer(s) Equip Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

iteam

Narvik, Norway
iteam provides communication solutions and IT services to the aquaculture industry. iteam is a technological front runner being one of the first providers to fully make the transition to the public cloud Microsoft Azure. iteam was founded in 1989 and is based in Narvik, Norway.

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Buyer(S) 1

DESCRIPTION

Equip Capital is a private equity firm focused on acquiring small and mid-sized profitable companies in Scandinavia. Equip Capital seeks control positions in partnership with entrepreneurs and management teams. The Firm primarily invests in the consumer, industrials, and business services sectors. Equip Capital was founded in 2018 and is headquartered in Oslo, Norway.


DEAL STATS #
Overall 5 of 14
Sector: Information Technology M&A 1 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 9
Country: Norway M&A 2 of 7
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Bastard Burgers

Lulea, Sweden

Bastard Burgers is a chain of fast-casual burger restaurants that currently operates more than 30 restaurants. Its distinct and strong street food concept is based on premium quality, great taste and a wide menu, including a full vegan offering of all burgers. Bastard Burgers was founded in 2016 and is based in Lulea, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-29 Miles

Bergen, Norway

Miles is an IT company that offers project deliveries, consulting services, advisory services, user experience, and agile coaching services. Miles was founded in 2005 and is based in Bergen, Norway.

Buy -