M&A Deal Summary

HitecVision Acquires North Sea Strategic Investments

On January 1, 2015, private equity firm HitecVision acquired oil/gas exploration company North Sea Strategic Investments

Acquisition Highlights
  • This is HitecVision’s 12th transaction in the Oil/Gas Exploration sector.
  • This is HitecVision’s 37th transaction in Norway.

M&A Deal Summary

Date 2015-01-01
Target North Sea Strategic Investments
Sector Oil/Gas Exploration
Buyer(s) HitecVision
Deal Type Buyout (LBO, MBO, MBI)

Target

North Sea Strategic Investments

Stavanger, Norway
North Sea Strategic Investments is an investment platform that has been established to acquire shares in selected oil service companies listed on the Oslo Stock Exchange. North Sea Strategic Investments 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 8.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

HitecVision 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 €150 to €500 million in companies. Specific areas of interest include drilling/down-hole, exploration/production, field development, mid- and downstream, and subsurface. HitecVision was formed in 1985 and is based in Stavanger. The Firm has additional offices in Oslo and Texas.


DEAL STATS #
Overall 53 of 64
Sector: Oil/Gas Exploration M&A 12 of 13
Type: Buyout (LBO, MBO, MBI) M&A Deals 35 of 38
Country: Norway M&A 37 of 44
Year: 2015 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Asset Buyout Partners

Oslo, Norway

Asset Buyout Partners is an independent Norwegian industrial real estate company with real estate assets located in mission-critical energy and maritime clusters along the Norwegian coast. Asset Buyout Partners was founded in 2015 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-25 Underwater Integrity Solutions

Houston, Texas, United States

Underwater Integrity Solutions, primarily focused on bundling asset-light service offerings. The company will be exposed to the production phase, providing engineering, data management, inspection, maintenance and bespoke repair of subsea assets. Underwater Integrity Solutions was founded in 2015 an is based in Houston, Texas.

Buy -