Investment Summary

Hanover Investors Invests In Lumi Gruppen

On July 1, 2023, distressed investor Hanover Investors invested in education company Lumi Gruppen

Investment Highlights
  • This is Hanover Investors’ 1st transaction in the Education sector.
  • This is Hanover Investors’ 1st transaction in Norway.

Investment Summary

Date 2023-07-01
Target Lumi Gruppen
Sector Education
Investor(s) Hanover Investors
Deal Type Stake Purchase

Target

Lumi Gruppen

Oslo, Norway
Lumi Gruppen is a higher education providers, offering university courses and exam preparation tutoring across both online and campus environments. Lumi Gruppen was founded in 1989 and is based in Oslo, Norway.

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Investor(S) 1

Investor

Hanover Investors

London, United Kingdom

Investor Investor Investor Investor Investor


Category Distressed Investor
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Hanover Investors is a private investment firm that targets distressed and other turnaround situations. Hanover typically invests where underperformance can be attributed to company-specific operating issues, rather than to market or sector weakness. Often these situations are created by some combination of inadequate capital, unsuccessful acquisitions, misallocation of resources, loss of shareholder confidence or ineffective restructuring. Hanover will invest in public market securities, as well as invest in leveraged buyouts and recapitalizations of private companies. The Group's target investment size is £1 to £25 million per transaction. Hanover was formed in 2002 and is based in London.


DEAL STATS #
Overall 10 of 11
Sector: Education M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 ZetaDisplay

Malm, Sweden

ZetaDisplay is a provider of digital signage to major chains in the retailing and service sectors. ZetaDisplay was formed in 2003 and is based in Malm, Sweden.

Buy kr710M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-21 New Era Energy

Harlow, United Kingdom

New Era Energy is a distributor of liquid fuels and fuel-like consumables. New Era Energy was founded in 1919 and is based in Harlow, United Kingdom.

Buy -