Investment Summary

HitecVision Invests In Moreld

On January 1, 2020, private equity firm HitecVision invested in energy services and equipment company Moreld

Investment Highlights
  • This is HitecVision’s 21st transaction in the Energy Services and Equipment sector.
  • This is HitecVision’s 40th transaction in Norway.

Investment Summary
Date 2020-01-01
Target Moreld
Sector Energy Services and Equipment
Investor(s) HitecVision
Deal Type Growth Capital

Target

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.

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Investor(S) 1

Investor

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 57 of 58
Sector (Energy Services and Equipment) 21 of 21
Type (Growth Capital) 11 of 11
Country (Norway) 40 of 41
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Vargronn

Stavanger, Norway

Vargronn is a renewable energy company, aiming to develop, construct, operate and finance green energy and infrastructure projects in the Nordic-Baltic markets. The company’s ambition is to reach an installed capacity in the region of 1 GW towards 2030. Vargronn was founded in 2020 and is based in Stavanger, Norway.

Buy -
FOLLOWING DEAL
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 -
Mergr

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