M&A Deal Summary

HitecVision Acquires Circle Group

On January 1, 2014, private equity firm HitecVision acquired business services company Circle Group

Acquisition Highlights
  • This is HitecVision’s 2nd transaction in the Business Services sector.
  • This is HitecVision’s 32nd transaction in Norway.

M&A Deal Summary

Date 2014-01-01
Target Circle Group
Sector Business Services
Buyer(s) HitecVision
Deal Type Consolidation

Target

Circle Group

Stavanger, Norway
Circle Group is established to develop a tier-one Well Service Company in the oilfield sector in a buy & build model. Circle Group was founded in 2014 and is based in Stavanger, Norway.

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Buyer(S) 1

Buyer

HitecVision

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HitecVision AS is a private equity firm specializing in buyouts and growth capital investments in the oil and gas industry. The Firm targets investments in middle-market companies throughout North America (primarily US) and Northern Europe (primarily Norway and the UK). HitecVision seeks companies with growth potential and unique technologies. The Firm looks to invest $30 to $150 million in companies valued up to $300 million. Specific areas of interest include drilling/down-hole, exploration/production, field development, mid- and downstream, and subsurface. HitecVision AS was formed in 1985 and is based in Stavanger. The Firm has additional offices in Oslo and Texas.


DEAL STATS #
Overall 47 of 58
Sector (Business Services) 2 of 2
Type (Consolidation) 2 of 2
Country (Norway) 32 of 41
Year (2014) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Agility Group AS

Sandefjord, Norway

Agility Group AS is a Norwegian technology and facrication company. The Group is organised in two business areas, Subsea Fabrication, a major subsea fabricator, specialising in subsea manifold modules and integrated template systems. Minox - Process technology company providing compact de-aeration solutions to the global oil and gas market

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-17 Aquamarine Subsea

Jorpeland, Norway

Aquamarine Subsea is an international service company providing asset integrity, management, and life cycle service solutions to riser and subsea equipment owners in the drilling, work-over and production markets. Aquamarine Subsea is based in Jorpeland, Norway.

Buy -