M&A Deal Summary

Herkules Capital Acquires Aibel

On August 1, 2007, private equity firm Herkules Capital acquired energy services and equipment company Aibel from Arle Capital Partners, European Capital, CCMP Capital, Candover Investments and 3i Private Equity for 900M USD

Acquisition Highlights
  • This is Herkules Capital’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Herkules Capital’s largest (disclosed) transaction.
  • This is Herkules Capital’s 10th transaction in Norway.
Investment Fate
  • Aibel was sold to a consortium of financial buyers in 2012 for 8.6B NOK.

M&A Deal Summary

Date 2007-08-01
Target Aibel
Sector Energy Services and Equipment
Buyer(s) Herkules Capital
Sellers(s) Arle Capital Partners
European Capital
CCMP Capital
Candover Investments
3i Private Equity
Deal Type Secondary Buyout
Deal Value 900M USD

Target

Aibel

Sandnes, Norway
Aibel is a provider of offshore-based solutions and maintenance to the European energy sector. The company operates in the field of new building (Field Development) in both offshore wind power and the oil and gas industry, as well as in maintenance (Modification & Yard Services). Aibel was established in 1882 and is based in Sandnes, Norway.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Herkules Capital

Oslo, Norway

Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 15.1B NOK
Size Large
Type Sector Agnostic
DESCRIPTION

Herkules Capital is a private equity firm focused on acquiring controlling interests in established companies located in Norway and other Nordic countries. Herkules looks to commit NOK 100 to NOK 1200 million of equity capital per transaction and will consider investing in public and private companies. Sectors of interest include oil services, healthcare, consumer, trade/retail, services and telecom. The Firm's investment horizon is typically five to seven years. Herkules was formerly known as Fer Private Equity. The Firm is based in Lysaker, Norway.


DEAL STATS #
Overall 13 of 39
Sector (Energy Services and Equipment) 2 of 4
Type (Secondary Buyout) 2 of 5
Country (Norway) 10 of 32
Year (2007) 5 of 5
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-10 EFG European Furniture Group AB

Tranas, Sweden

EFG is the second largest provider of office furniture in the Nordic region and the eight largest in Europe. EFG is a full range integrated supplier offering a wide and deep range of office furniture comprising desking, storage and pedestals, conference furniture, furniture for communal areas, task seating and screen and wall systems. EFG sells its products mainly through its own sales network.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Nevion AS

Sandefjord, Norway

Nevion AS is an architect of virtualized media production and delivery network and broadcast infrastructure to broadcasters, telecommunication service providers, government agencies and other industries. As a pioneer in media transport, Nevion AS enables the transport and management of professional quality video, audio and data in real time, reliably and securely from the camera to the home.

Buy -

Seller(S) 5

SELLER

Arle Capital Partners

London, United Kingdom

Category Private Equity Firm
Founded 2011
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Arle Capital Partners Ltd. Is a private equity partnership firm focuses on acquiring business located in the UK, Scandinavia, and Western Europe. The Firm targets companies operating in the fields of energy, natural resources, industrial, and business services. It seeks to invest in companies with an enterprise value of up to €1 billion. Arle Capital spun-out of Candover Investments in 2011 and currently manages all of Candover's investment interests. The Firm is based in London.


DEAL STATS #
Overall 5 of 16
Sector (Energy Services and Equipment) 2 of 2
Type (Secondary Buyout) 3 of 7
Country (Norway) 1 of 2
Year (2007) 5 of 6
Size (of disclosed) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-20 Bureau van Dijk

Amsterdam, Netherlands

Bureau van Dijk is a global provider of business intelligence and company information. Bureau van Dijk, operating from its Amsterdam headquarters, aggregates, standardizes and distributes one of the world’s most extensive private company datasets, with coverage exceeding 220 million companies. Over 30 years, the company has built partnerships with more than 160 independent information providers, creating a platform that connects customers with data that addresses a wide range of business challenges. Bureau van Dijk’s solutions support the credit analysis, investment research, tax risk, transfer pricing, compliance and third-party due diligence needs of financial institutions, corporations, professional services firms and governmental authorities worldwide.

Sell €300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-20 Get AS

Oslo, Norway

Get AS (“Get”) is a provider of cable TV, high-speed broadband internet and telephony services to residential customers in Norway. The company serves approximately 375,000 households, with a footprint spanning each of Norway 's five largest cities. Get's core service offering is Pay TV; all of its customers subscribe to it. It also offers broadband and voice services. Get operates a fully digitized network, and is the only significant local loop provider outside of telecom incumbent Telenor.

Sell Nkr5.8B
SELLER

European Capital

London, United Kingdom

Category Private Equity Firm
Founded 2005
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

European Capital is the European investment affiliate of American Capital. European Capital looks to provide a variety of investment and financing solutions including unitranche debt, mezzanine capital, senior debt, and equity co-investment. Funds are typically used to support buyouts, recapitalizations, finance growth, and make acquisitions. European Capital is sector agnostic, however the Firm has a preference for investments in the consumer, technology, manufacturing, services, and distribution sectors. European Capital was formed in 2005 and is based in London.


DEAL STATS #
Overall 5 of 54
Sector (Energy Services and Equipment) 1 of 2
Type (Secondary Buyout) 2 of 24
Country (Norway) 1 of 2
Year (2007) 5 of 8
Size (of disclosed) 9 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-23 Bestinvest

London, United Kingdom

Bestinvest provides impartial investment advice, discretionary wealth management and financial planning to mass-affluent and high net worth individuals. Bestinvest is based in London, England.

Buy £166M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-09 Selecta Digital

San Martino in Rio, Italy

Selecta Digital is an operator of a document management services company with the integration of multichannel, physical, and digital solutions, for Customer Interaction and the first private national operator in the printing and enveloping sector of mandatory communications. Selecta Digital is based in San Martino in Rio, Italy.

Buy -
SELLER

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 18.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.


DEAL STATS #
Overall 36 of 78
Sector (Energy Services and Equipment) 3 of 4
Type (Secondary Buyout) 10 of 23
Country (Norway) 1 of 1
Year (2007) 7 of 9
Size (of disclosed) 16 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-23 Siteco

Stockport, United Kingdom

Siteco is a marketing leading European lighting fixtures group providing technical indoor and outdoor lighting solutions in the premium and medium product segments.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-08 Teksid Aluminum S.r.l.

Carmagnola, Italy

Teksid Aluminum S.r.l. is a manufacturer of cylinder heads and blocks, suspension components, and camshaft carriers, as well as aluminum engine components.

Sell -
SELLER

Candover Investments

London, United Kingdom

Category Private Equity Firm
Founded 1980
PE ASSETS 8.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Candover Investments is a private equity firm that targets investments in European and Asian companies operating in broad range of industries. Candover's primary focus is on businesses located in Western Europe; including the UK, France, Germany, Italy, Scandinavia, and Spain. However, the Firm also considers opportunities in Asia and Eastern Europe. The Firm's target investment size is €150 to €500 million in businesses valued between €500 million and €5 billion. Sectors of interest include media, financial services, support services, leisure, healthcare, technology, and industrial. Candover Investments was formed in 1980 and is based in London.


DEAL STATS #
Overall 8 of 26
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 4 of 12
Country (Norway) 1 of 2
Year (2007) 3 of 4
Size (of disclosed) 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-31 Thule Group

Malmo, Sweden

The Thule Group is designs, produces, and markets a variety of products and brands that make it easy for people to transport their equipment securely and safely. The Thule Group was formed in 1942 and is based in Malmo, Sweden.

Sell €1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-20 Get AS

Oslo, Norway

Get AS (“Get”) is a provider of cable TV, high-speed broadband internet and telephony services to residential customers in Norway. The company serves approximately 375,000 households, with a footprint spanning each of Norway 's five largest cities. Get's core service offering is Pay TV; all of its customers subscribe to it. It also offers broadband and voice services. Get operates a fully digitized network, and is the only significant local loop provider outside of telecom incumbent Telenor.

Sell Nkr5.8B
SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 76 of 194
Sector (Energy Services and Equipment) 3 of 5
Type (Secondary Buyout) 33 of 83
Country (Norway) 3 of 3
Year (2007) 18 of 26
Size (of disclosed) 6 of 78
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Motoren-Werke Mannheim

Mannheim, Germany

Motoren-Werke Mannheim GmbH (MWM GmbH) is a provider of efficient and environmentally friendly decentralised power generation systems. MWM focuses on generator setups (gensets) and combined heat and power (CHP), trigeneration (heat, power, cooling), as well as complete turnkey solutions based on engines (180 – 4,000 kW) using natural gas and special gases, with a particularly strong reputation in biogas and special gas applications (sewage, landfill or mine gas).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-03 Targetti Sankey

Florence, Italy

Targetti Sankey SpA designs and manufactures architectural lighting systems.

Buy -