M&A Deal Summary

Falck Acquires Frisk Utvikling

On September 27, 2021, Falck acquired staffing company Frisk Utvikling from Credo Partners

Acquisition Highlights
  • This is Falck’s 1st transaction in the Staffing sector.
  • This is Falck’s 1st transaction in Norway.

M&A Deal Summary

Date 2021-09-27
Target Frisk Utvikling
Sector Staffing
Buyer(s) Falck
Sellers(s) Credo Partners
Deal Type Add-on Acquisition

Target

Frisk Utvikling

Oslo, Norway
Frisk Utvikling provides services within work inclusion, specialist and occupational health, HSE, medical clinics, medical research, and organizational development. Frisk Utvikling is a provider of public unemployment services and is rapidly expanding its offering to the private sector. Integrating and professionalizing business processes will create substantial value for both investors and jobseekers. Frisk Utvikling is based in Oslo, Norway.

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Buyer(S) 1

Buyer

Falck

Copenhagen, Denmark

Category Company
Founded 1906
Sector Healthcare Services
Employees29,195
DESCRIPTION

Falck is a provider of rescue and safety courses. Falck’s activities are directed at preventing accidents and disease; providing assistance in situations of emergency, accidents and need; and helping people move on with their lives after illness or accidents. Falck was founded in 1906 and is based in Copenhagen, Denmark.


DEAL STATS #
Overall 15 of 16
Sector: Staffing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 10 of 11
Country: Norway M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 First Ambulance Services Sdn. Bhd.

Petaling Jaya, Malaysia

First Ambulance Services Sdn. Bhd. is a provider of ambulance services by operating 18 ambulances mainly in and around the capital city, Kuala Lumpur.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-03 Falck Roadside Assistance Business

Sweden

Falck’s Roadside Assistance covers all types of vehicles used in case of accidents or breakdowns and is available to private, public, and corporate clients and covers all of Europe. Falck has more than 1,400 vehicles in its franchise network with 370 start-up locations across Sweden, Norway, Finland, Estonia, and Lithuania.

Sell kr1.4B

Seller(S) 1

SELLER

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 7 of 9
Sector: Staffing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 6
Country: Norway M&A 5 of 6
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-30 SYSCO

Karmsund, Norway

SYSCO is an independent IT specialist and IT systems integrator for energy utilities. SYSCO provides services addressing the needs of a rapidly changing energy utility sector. SYSCO manages specialized industry software and has a particular strength within Oracle technology, which is the underlying platform for many utilities. SYSCO was founded in 2004 and is based in Karmsund, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Q-Light

Kristiansand, Norway

Q-Light is a fast growing company in an attractive Norwegian lighting market. All of Q-Light’s products are designed and developed with the electrical installer in mind, and the products are recognized by convenient installation, appealing design, high quality, and modular offering, all at a reasonable price. Q-Light was founded in 2012 and is based in Kristiansand, Norway.

Buy -