M&A Deal Summary

Herkules Capital Acquires Intelecom Group AS

On July 9, 2010, private equity firm Herkules Capital acquired communications company Intelecom Group AS from Carrot Communications ASA

Acquisition Highlights
  • This is Herkules Capital’s 1st transaction in the Communications sector.
  • This is Herkules Capital’s 19th transaction in Norway.
Investment Fate
  • Intelecom Group AS was sold to a strategic buyer in 2017.

M&A Deal Summary

Date 2010-07-09
Target Intelecom Group AS
Sector Communications
Buyer(s) Herkules Capital
Sellers(s) Carrot Communications ASA
Deal Type Divestiture

Target

Intelecom Group AS

Oslo, Norway
Intelecom is an enterprise communications solution provider that implements and operates advanced communication solutions. The company has a strong customer base comprising of large public agencies, blue chip corporate and large to mid sized companies.

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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 23 of 39
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
Country: Norway M&A 19 of 32
Year: 2010 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-02 Handicare Group AB

Stockholm, Sweden

Formed in 1986, Handicare offers solutions to increase the independence of disabled or elderly people and to facilitate for their care providers and family. The offering encompasses a comprehensive range of curved and straight stairlifts, transfer, lifting, and repositioning aids and vehicle adaptations. Handicare is a global company with sales in some 40 countries and is one of the market leaders in this field. Its head office is in Stockholm, Sweden, and manufacturing and assembly are located at four sites distributed across North America, Asia, and Europe.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-04 Norsk Jernbanedrift

Porsgrunn, Norway

Norsk Jernbanedrift is a turnkey contractor within railway technical services, offering both engineering, construction, and machine services. Norsk Jernbanedrift was founded in 2005 and is based in Porsgrunn, Norway.

Buy -

Seller(S) 1

SELLER

Carrot Communications ASA

Oslo, Norway

Category Company
Founded 1999
Sector Communications
DESCRIPTION

Carrot Communications ASA is a provider of Internet access services through wireless application protocol.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-11 Intelecom Group AS

Oslo, Norway

Intelecom is an enterprise communications solution provider that implements and operates advanced communication solutions. The company has a strong customer base comprising of large public agencies, blue chip corporate and large to mid sized companies.

Buy -