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M&A Deal Summary

Longship Acquires STAR

On January 22, 2024, private equity firm Longship acquired software company STAR

Acquisition Highlights
  • This is Longship’s 2nd transaction in the Software sector.
  • This is Longship’s 9th transaction in Norway.

M&A Deal Summary
Date 2024-01-22
Target STAR
Sector Software
Buyer(s) Longship
Deal Type Buyout (LBO, MBO, MBI)

Target

STAR

Trondheim, Norway
STAR is a provider of maritime software solutions for efficient and safe ship and rig operations. STAR Suite software integrates tools for technical fleet management, procurement and supply, and KPI monitoring, offering comprehensive solutions tailored to the maritime and energy industries. STAR was founded in 1997 and is based in Trondheim, Norway.

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Buyer(S) 1

Buyer

Longship

Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 1.4B NOK
Size Large
Type Sector Agnostic
DESCRIPTION

Longship AS is a private equity firm focused on acquiring and investing in mid-sized companies which are established or have operations in Norway, with strong potential for growth both locally and/or internationally. The Firm targets companies with NOK 150 million to NOK 1 billion in revenue and does not have any sector preferences. Longship AS is headquartered in Oslo.

DEAL STATS #
Overall 10 of 10
Sector: Software 2 of 2
Type: Buyout (LBO, MBO, MBI) 6 of 6
Country: Norway 9 of 9
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-30 Garda Sikring

Hagan, Germany

Garda Sikring delivers and installs permanent and temporary perimeter security solutions, in addition to road safety solutions. Garda Sikring was founded in 2016 and is based in Hagan, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-12 Sensio

Oslo, Norway

Sensio develops smarthouse, application software for welfare technology that provides smart house solutions and home management services. Sensio application helps in controlling the security cameras, main switch, doors, windows, blinds, heat pumps, and alarm systems. Sensio was founded in 2009 and is based in Oslo, Norway.

Sell -
Mergr

Product

Company

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