Investment Summary

KKR Invests In Telenor Norway

On October 7, 2022, private equity firm KKR invested in communications company Telenor Norway from Telenor

Investment Highlights
  • This is KKR’s 19th transaction in the Communications sector.
  • This is KKR’s 4th transaction in Norway.

Investment Summary

Date 2022-10-07
Target Telenor Norway
Sector Communications
Investor(s) KKR
Sellers(s) Telenor
Deal Type Stake Purchase

Target

Telenor Norway

Fornebu, Norway
Telenor Norway is a telecom operator, with services ranging from fixed and mobile telephony to broadband and data communications services for residential and business customers, as well as wholesale services. Telenor Norway is based in Fornebu, Norway.

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Investor(S) 1

Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 441 of 499
Sector: Communications M&A 19 of 21
Type: Stake Purchase M&A Deals 60 of 66
Country: Norway M&A 4 of 4
Year: 2022 M&A 21 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 DCI

Tampa, Florida, United States

DCI operates a chemical bulk logistics network. DCI was formed in 1984 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-21 Advanta Seeds

Dubai, United Arab Emirates

Advanta Seeds is a global seed company that aims to deliver innovative farming solutions and technology to farmers around the world. Advanta Seeds is based in Dubai, United Arab Emirates.

Buy -

Seller(S) 1

SELLER

Telenor

Fornebu, Norway

Category Company
Founded 1855
Sector Communications
Employees10,867
Revenue 79.9B NOK (2024)
DESCRIPTION

Telenor is a Norwegian multinational telecommunications company. It is one of the world's largest mobile telecommunications companies with operations in Scandinavia, Eastern Europe and Asia. Telenor was founded in 1855 and is based in Fornebu, Norway.


DEAL STATS #
Overall 11 of 12
Sector: Communications M&A 5 of 5
Type: Stake Purchase M&A Deals 1 of 1
Country: Norway M&A 4 of 5
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Telenor Myanmar

Myanmar

Telenor Myanmar is a provider of telecommunication services in Myanmar.

Sell $105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Liquid Barcodes

Lysaker, Norway

Liquid Barcodes is the provider of mobile coupons. Liquid Barcodes is based in Lysaker, Norway.

Sell -