M&A Deal Summary

Hampidjan Acquires Morenot

On November 17, 2022, Hampidjan acquired distribution company Morenot from FSN Capital

Acquisition Highlights
  • This is Hampidjan’s 1st transaction in the Distribution sector.
  • This is Hampidjan’s 1st transaction in Norway.

M&A Deal Summary

Date 2022-11-17
Target Morenot
Sector Distribution
Buyer(s) Hampidjan
Sellers(s) FSN Capital
Deal Type Merger

Target

Morenot

Ålesund, Norway
Morenot is a distributor of equipment and services to the world’s fishery- and aquaculture industries. Morenot Fishery operates primarily within the purse seine and trawls segments, which has been the cornerstone of the group’s development. Morenot was founded in 1913 and is based in Alesund, Norway.

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Buyer(S) 1

Buyer

Hampidjan

Reykjavik, Iceland

Category Company
Founded 1934
Sector Consumer Products
Employees1,206
Revenue 319M EUR (2024)
DESCRIPTION

Hampidjan manufactures fishing nets, ropes and fishing long lines for the local fishing fleet. Hampidjan was founded in 1934 and is based in Reykjavik, Iceland.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

FSN Capital

Oslo, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

FSN Capital is a private equity firm focused on opportunities in Scandinavia. FSN looks to make control investments in mid-sized companies valued from €50 to €500 million. FSN targets businesses with the potential to 'become international leaders'. FSN Capital was formed in 1999 and has offices in Oslo, Munich, and Stockholm.


DEAL STATS #
Overall 24 of 25
Sector: Distribution M&A 3 of 3
Type: Merger M&A Deals 1 of 1
Country: Norway M&A 6 of 6
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-15 Backer Gortz

Ludwigshafen, Germany

Backer Gortz is a bakery chain with a network of approximately 200 branches and a tailored product offering of baked goods and out-of-home meals. Backer Gortz was formed in 1963 and is based in Ludwigshafen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 ilionx

Utrecht, Netherlands

ilionx is a B2B IT service provider offering IT services and solutions to help customers execute both support and core processes. The Company provides technology-independent advice. The activities of ilionx can be grouped into solutions aimed at four distinct markets (System Integrator, IT Business Partner, Competence Centre, Media Solutions). ilionx was founded in 2002 and is based in Utrecht, Netherlands.

Buy -