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) 1 of 1
Type (Growth Capital) 3 of 3
Country (Norway) 7 of 9
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Cloud People

Oslo, Norway

Cloud People is a fast-growing 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.

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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.

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