M&A Deal Summary |
|
|---|---|
| Date | 2020-01-01 |
| Target | Vargronn |
| Sector | Renewable Energy |
| Buyer(s) |
HitecVision
Eni |
| Deal Type | Joint Venture |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1985 |
| PE ASSETS | 8.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
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 | 58 of 64 |
| Sector: Renewable Energy M&A | 1 of 4 |
| Type: Joint Venture M&A Deals | 1 of 4 |
| Country: Norway M&A | 40 of 44 |
| Year: 2020 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-01 |
Moreld
Stavanger, Norway Moreld is an industrial group created through the merger of a number of small and medium-sized companies in HitecVision’s portfolio. As the energy sector prepares for a transition towards a low-carbon future, Moreld will seize opportunities to increase its foothold in sectors such as aquaculture, offshore wind, and other relevant renewable energy sectors, whilst continuing to nurture existing oil service operations. Moreld was founded in 2020 and is based in Stavanger, Norway. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-09-01 |
Aarbakke Group AS
Bryne, Norway Aarbakke Group AS is a provider of precision manufacturing services to the oil and gas industry, specializing in the manufacture of subsea and downhole equipment to extreme quality standards. Aarbakke Group is based in Bryne, Norway. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1953 |
| Sector | Oil/Gas Exploration |
| Employees | 32,356 |
| Revenue | 89.0B EUR (2024) |
Eni operates in oil and gas, electricity generation and sale, petrochemicals, oilfield services construction and engineering industries. Eni was founded in 1953 and is based in Rome, Italy.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector: Renewable Energy M&A | 1 of 2 |
| Type: Joint Venture M&A Deals | 1 of 2 |
| Country: Norway M&A | 1 of 1 |
| Year: 2020 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-01-01 |
Agip Petroli
Italy Agip is a integrated energy company, committed to growth in the activities of finding, producing, transporting, transforming and marketing oil and gas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-11 |
GreenIT
San Donato Milanese, Italy GreenIT aims to produce energy mainly from photovoltaic and wind power plants and development and construction of greenfield plants. GreenIT was founded in 2021 and is based in San Donato Milanese, Italy. |
Buy | - |
