Investment Summary

HitecVision Invests In Cadre

On November 4, 2022, private equity firm HitecVision invested in renewable energy company Cadre

Investment Highlights
  • This is HitecVision’s 3rd transaction in the Renewable Energy sector.
  • This is HitecVision’s 43rd transaction in Norway.

Investment Summary

Date 2022-11-04
Target Cadre
Sector Renewable Energy
Investor(s) HitecVision
Deal Type Growth Capital

Target

Cadre

Kristiansand, Norway
Cadre is a regional utility and operator of small-scale hydropower, and an experienced management team. Cadre develops, owns, and operates small-scale hydropower plants in Norway and works to rapidly expand its position through M&A, strategic partnerships and by building its greenfield portfolio. Cadre was founded in 2022 and is based in Kristiansand, Norway.

Search 215,029 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor

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 61 of 64
Sector: Renewable Energy M&A 3 of 4
Type: Growth Capital M&A Deals 12 of 12
Country: Norway M&A 43 of 44
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-20 Hafslund Oslo Celsio

Oslo, Norway

Hafslund Oslo Celsio is a heating provider. Company delivers sustainable district heating and power to commercial and residential properties throughout Oslo, providing heating and hot water to more than 200,000 people. Hafslund Oslo Celsio was founded in 2017 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 Skygard

Oslo, Montenegro

Skygard is a co-location data centre provider, developing a high-security, energy-efficient data centre cluster in Oslo, with further growth ambitions for the Nordics. Skygard was formed in 2024 and is based in Oslo, Norway.

Buy -