M&A Deal Summary

Armada and Herkules Capital Acquire Olivia

On December 22, 2015, mezzanine finance firm Armada and private equity firm Herkules Capital acquired restaurant Olivia

Acquisition Highlights
  • This is Armada’s 1st and Herkules Capital’s 2nd transaction in the Restaurants sector.
  • This is Armada’s 4th and Herkules Capital’s 29th transaction in Norway.

M&A Deal Summary

Date 2015-12-22
Target Olivia
Sector Restaurants
Buyer(s) Armada
Herkules Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Olivia

Oslo, Norway
Olivia is an operator of restaurants by serving pasta and pizza dishes as well as various Italian food specialties. Olivia provides the best Italian-produced commodities and wine from smaller, family-run producers. Olivia was founded in 2006 and is based in Oslo, Norway.

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Buyer(S) 2

Buyer

Armada

Helsinki, Finland

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Armada Mezzanine is an independent mezzanine firm focused on financing buyouts, recapitalizations, and expansions of small and medium-sized Nordic companies. Armada generally targets companies valued from €20 to €150 million with stable cash-flows, attractive growth opportunities, and sustainable competitive advantages. Sectors of interest include industrial products, services, and technology. Armada Mezzanine was established in 2000 and has offices in Helsinki and Stockholm.


DEAL STATS #
Overall 18 of 28
Sector: Restaurants M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 15
Country: Norway M&A 4 of 5
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-12 Duett

Tynset, Norway

Duett is a provider of SaaS solutions to professional accounting offices and their clients in Scandinavia. The company provides complete financial systems and operating solutions to a range of industries and companies with market leadership positions in agriculture, construction and real estate with more than 20,000 unique users. Duett was founded in 1982 and is based in Tynset, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-08 Origo Group

Göteborg, Sweden

Origo Group is an analyst and data collection company that provides society and businesses a basis for wise decisions so that real change and development can take place. Origo Group was formed in 2016 and is based in Göteborg, Sweden.

Buy -
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 36 of 39
Sector: Restaurants M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 25 of 27
Country: Norway M&A 29 of 32
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 Hatteland Display AS

Nedre Vats, Norway

Hatteland Display AS is a manufacturer of advanced displays for the maritime sector.The company provides solid, rough and durable displays for the maritime sector. Key segments are commercial shipping, mega yachts and naval/defense. Hatteland Display delivers products to a sector where quality and durability are of essence. The company's long lasting focus on quality products has ensured a strong position in this niche. Most of Hatteland Display's products are exported outside Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-12 Micro Matic Norge

Hvalstad, Norway

Micro Matic Norge is a technical control systems and design installation materials company. The Company imports and markets components and systems for management and control of technical installations within electro, heating and ventilation. The company's product range include i.a. light-, heating- and ventilation controls, control systems, smarthouse solutions, calling systems, installation materials and electricity transformers. Micro Matic Norge was founded in 1969 and is based in Hvalstad, Norway.

Sell -