M&A Deal Summary

Explore Equity Partners Acquires TheVIT

On February 1, 2023, private equity firm Explore Equity Partners acquired business services company TheVIT

Acquisition Highlights
  • This is Explore Equity Partners’ 2nd transaction in the Business Services sector.
  • This is Explore Equity Partners’ 5th transaction in Norway.

M&A Deal Summary

Date 2023-02-01
Target TheVIT
Sector Business Services
Buyer(s) Explore Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

TheVIT

Oslo, Norway
TheVIT is a Norwegian challenger within business performance & support services and solutions in the finance and HR areas. This includes CFO services, business intelligence and data analytics, robotic process automation, and HR services. TheVIT is based in Oslo, Norway.

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Buyer(S) 1

DESCRIPTION

Explore Equity Partners is a private equity firm that looks to acquire majority stakes in Scandinavian companies. The Firm targets a variety of industries including business and consumer services, distribution, manufacturing, and marketing. Exlore’s investment horizon is typically 5 to 7 years. Explore Equity Partners was established in 2016 and is based in Oslo, Norway.


DEAL STATS #
Overall 5 of 7
Sector: Business Services M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 4
Country: Norway M&A 5 of 6
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-30 Construction Equipment Group

Sundebru, Norway

Construction Equipment Group is a equipment and solution supplier for the Nordic construction industry. Through its Gjerstad, Foss-Eik, Vera Tank and EMA brands, the company designs, manufactures and distributes quality niche products, including shovels, wheel loaders, trailers, and tanks. Construction Equipment Group is based in Sundebru, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-07 Paritee

Jar, Norway

Paritee operates at the intersection of marketing, communications and corporate advisory, and is positioned particularly towards agencies which lean heavily into transforming and high-value verticals, such as technology, energy, healthcare, mobility and financial services. Paritee was founded in 2021 and is based in Jar, Norway.

Buy -