M&A Deal Summary

If P&C Insurance Holding Acquires Viking Redningstjeneste AS

On November 28, 2019, If P&C Insurance Holding acquired consumer services company Viking Redningstjeneste AS from AAC Capital Nordic Advisory AB and Intermediate Capital Group for 114M EUR

Acquisition Highlights
  • This is If P&C Insurance Holding’s 1st transaction in the Consumer Services sector.
  • This is If P&C Insurance Holding’s 0th largest (disclosed) transaction.
  • This is If P&C Insurance Holding’s 1st transaction in Norway.

M&A Deal Summary
Date 2019-11-28
Target Viking Redningstjeneste AS
Sector Consumer Services
Buyer(s) If P&C Insurance Holding
Sellers(s) AAC Capital Nordic Advisory AB
Intermediate Capital Group
Deal Type Add-on Acquisition
Deal Value 114M EUR

Target

Viking Redningstjeneste AS

Lysaker, Norway
Viking Redningstjeneste AS is an operator of roadside assistance services. It also provides medical assistance and 24-hour support via its multi-lingual operations center. Viking Redningstjeneste is based in Lysaker, Norway.

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Buyer(S) 1

Buyer

If P&C Insurance Holding

Stockholm, Sweden
Category Company
Founded 1999
Sector Insurance
Employees6,830
DESCRIPTION

If P&C Insurance Holding Ltd. is a property and casualty insurer provider to a broad customer base, from private individuals to large corporate customers. If P&C Insurance Holding was founded in 1999 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Norway) 1 of 1
Year (2019) 1 of 1

Seller(S) 2

SELLER

AAC Capital Nordic Advisory AB

Stockholm, Sweden
Category Private Equity Firm
Founded 2010
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

AAC Capital Nordic Advisory AB is a North European private equity firm focused on acquiring majority stakes in mid-market companies in the Nordic countries. It seeks to invest in companies with an enterprise value up to €150 million. AAC Capital Nordic Advisory was formerly known as ABN Amro Capital and became independent of ABN Amro in 2007. AAC Capital Nordic is a private equity arm of AAC Capital partners was formed in 2010 and is based in Stockholm.

DEAL STATS #
Overall 6 of 8
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 4 of 6
Country (Norway) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-12 Envirotainer

Sollentuna, Sweden

Envirotainer is a provider of temperature-controlled air cargo containers. Envirotainer designs, manufactures, and leases active temperature-controlled containers used primarily for air freighting biopharma products, transporting up to two million doses of medicine per day. Envirotainer serves around 600 pharmaceutical companies worldwide, including many of the blue-chip global biopharma companies and operates from regional centres in Stockholm, Frankfurt, Dallas and Singapore, with a portfolio of around 5,800 leased containers globally. Envirotainer was founded in 1996 and is based in Sollentuna, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-31 Empower

Helsinki , Finland

Empower is one of the service providers in the electrical, telecom and industrial sectors in Finland, Sweden and the Baltic states. Empower specialises in the design, construction, operation and maintenance of electricity and telecom networks, as well as in installation, operation, maintenance and expert services for power plants and industry. Empower was founded in 1998 and is based in Helsinki, Finland.

Sell -
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.

DEAL STATS #
Overall 201 of 217
Sector (Consumer Services) 9 of 10
Type (Add-on Acquisition) 61 of 67
Country (Norway) 4 of 4
Year (2019) 4 of 4
Size (of disclosed) 69 of 73
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Acteon

Merignac, France

Acteon is a French Medtech company specializing in design and manufacturing of high-tech dental and medical devices. Recognized for its innovation capabilities, the quality of its products and the expertise of its management team, Acteon is ideally positioned in a growing market driven by long-term trends. Acteon also benefits from a diversified geographical exposure. Acteon was founded in 1946 and is based in Merignac, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-20 Marston Holdings

Birmingham, United Kingdom

Marston Holdings is a diversified provider of enforcement services, traffic management, regulated services, and other related ethics/governance related services throughout the UK. Marston Holdings was founded in 1937 and is based in Birmingham, United Kingdom.

Sell -
Mergr

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