Investment Summary

Longship Invests In Hydor

On April 1, 2022, private equity firm Longship invested in insurance company Hydor

Investment Highlights
  • This is Longship’s 1st transaction in the Insurance sector.
  • This is Longship’s 7th transaction in Norway.

Investment Summary

Date 2022-04-01
Target Hydor
Sector Insurance
Investor(s) Longship
Deal Type Growth Capital

Target

Hydor

Oslo, Norway
Hydor is a marine-focused MGA offering fixed premium P&I insurance mainly targeting the smaller vessel segment including offshore supply, tugs, fishing, research vessels, bulkers, cargo, and tankers. The key segment is P&I for owners and charterers, but Hydor also offers specialist operations coverage and FD&D insurance. Hydor was founded in 2009 and is based in Oslo, Norway.

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Investor(S) 1

Investor
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 8 of 10
Sector: Insurance M&A 1 of 1
Type: Growth Capital M&A Deals 3 of 3
Country: Norway M&A 7 of 9
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Cloud People

Oslo, Norway

Cloud People is an IT service provider of Google Cloud Platform and ServiceNow cloud services in the Nordic region. Cloud People was founded in 2019 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 Move

Oslo, Norway

Move is an IT-specialist helping businesses achieve digital control. The company offers top competency, services, and solutions to both public and private companies. Through design, integration and managed services, Move ensures cost-effective, secure, and flexible IT-infrastructure to its clients, based on the best solutions and services the market has to offer. Movewas founded in 1989 and is based in Oslo, Norway.

Buy -