Investment Summary

HitecVision Invests In Rocksource ASA

On October 21, 2014, private equity firm HitecVision invested in oil/gas exploration company Rocksource ASA

Investment Highlights
  • This is HitecVision’s 11th transaction in the Oil/Gas Exploration sector.
  • This is HitecVision’s 35th transaction in Norway.

Investment Summary

Date 2014-10-21
Target Rocksource ASA
Sector Oil/Gas Exploration
Investor(s) HitecVision
Deal Type PIPE

Target

Rocksource ASA

Bergen, Norway
Rocksource is an exploration company focusing on the Norwegian Continental Shelf (NCS).

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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 51 of 64
Sector: Oil/Gas Exploration M&A 11 of 13
Type: PIPE M&A Deals 2 of 2
Country: Norway M&A 35 of 44
Year: 2014 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-15 CapeOmega

Bergen, Norway

CapeOmega is an offshore infrastructure platform. The company provides the essential infrastructure for the transportation of natural gas produced on the norwegian continental shelf and holds significant stakes in some of norway's key midstream infrastructure assets. CapeOmega was founded in 2014 and is based in Bergen, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Merrick Systems

Houston, Texas, United States

Merrick Systems is a provider of information technologies to mid-stream and upstream energy companies. Merrick's technology solutions improve production operations through automation technology that extends the economic life of producing properties, lowers lifting costs, increases production and optimizes overall operations.

Sell -