M&A Deal Summary

Macro Offshore Acquires Master Marine

On December 17, 2019, Macro Offshore acquired marine company Master Marine from Nordic Capital

Acquisition Highlights
  • This is Macro Offshore’s 2nd transaction in the Marine sector.
  • This is Macro Offshore’s 1st transaction in Norway.

M&A Deal Summary
Date 2019-12-17
Target Master Marine
Sector Marine
Buyer(s) Macro Offshore
Sellers(s) Nordic Capital
Deal Type Merger

Target

Master Marine

Oslo, Norway
Master Marine is an offshore energy service company, specializing in accommodation, transportation and installation of heavy structures for the oil, gas and offshore wind power industries. Currently the company has two Service Jack vessels under construction at the Drydocks World yard in Indonesia. Master Marine was founded in 1997 and is based in Oslo, Norway.

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Buyer(S) 1

Buyer

Macro Offshore

Stavanger, Norway
Category Company
Sector Marine
DESCRIPTION

Macro Offshore, is a fully integrated owner and operator of accommodation vessels with a fleet of two harsh-environment deep-water accommodation jack-up rigs, Haven and Crossway Eagle. Macro Offshore is based in Stavanger, Norway.

DEAL STATS #
Overall 2 of 2
Sector (Marine) 2 of 2
Type (Merger) 2 of 2
Country (Norway) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 Crossway Holdings

New York, New York, United States

Crossway Holdings owns and operates offshore jack-up accommodation vessels. The Company’s portfolio consists of two AJ46-360 GustoMSC designed units built by Dalian Shipbuilding Industry Offshore (DSIC). Both rigs are operable in harsh environments and rated for 350’ water depth. Crossway Holdings owns two accommodation jack-up rigs, Crossway Eagle and Crossway Dolphin, offering dual-use features in accommodation and construction support. Crossway Holdings is based in New York city.

Buy -

Seller(S) 1

SELLER

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 31.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 63 of 79
Sector (Marine) 2 of 2
Type (Merger) 5 of 5
Country (Norway) 6 of 7
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-15 iLOQ

Oulu, Finland

iLOQ is a developer, manufacturer, and marketer of high-security, electronic, and battery-free locking solutions that combine modern mechatronics with communications and software technology. iLOQ was founded in 2003 and is based in Oulu, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-21 Consilium Marine & Safety

Gothenburg, Sweden

Consilium Marine & Safety produces safety and safety-related technologies, within fire and gas detection, for the marine, oil and gas, transport, and building sectors. Consilium Marine & Safety is based in Gothenburg, Sweden.

Buy kr3.0B
Mergr

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