Add-on Acquisition • Staffing

Moment Acquires Eterni

On July 2, 2021, Moment acquired staffing company Eterni from Herkules Capital

Acquisition Context
  • This is Moment’s 1st transaction in the Staffing sector.
  • This is Moment’s 1st transaction in Norway.

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M&A Deal Summary

Date July 2, 2021
Target Eterni
Sector Staffing
Buyer(s) Moment
Sellers(s) Herkules Capital
Deal Type Add-on Acquisition

Target Company

Eterni

Bergen, Norway
Eterni is one of Norway’s largest and fastest growing recruitment and staffing companies serving 1,500 customers within the education, construction, logistics and food production verticals. Eterni was founded in 2011 and is based in Bergen, Norway.
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Buyer Overview 1

Buyer

Moment

Copenhagen, Denmark

Category Company
Founded 1997
Sector Staffing
DESCRIPTION

Moment is a provider of shorter interim appointments, temporary positions, full-service temporary staff or recruitments for a permanent career job. Moment was formed in 1997 and is based in Copenhagen, Denmark.


Deal Context for Buyer #
Overall 1 of 1
Sector: Staffing 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Norway 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

Herkules Capital

Oslo, Norway

Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 15.1B NOK
Size Large
Type Sector Agnostic
DESCRIPTION

Herkules Capital is a private equity firm focused on acquiring controlling interests in established companies located in Norway and other Nordic countries. Herkules looks to commit NOK 100 to NOK 1200 million of equity capital per transaction and will consider investing in public and private companies. Sectors of interest include oil services, healthcare, consumer, trade/retail, services and telecom. The Firm's investment horizon is typically five to seven years. Herkules was formerly known as Fer Private Equity. The Firm is based in Lysaker, Norway.


Deal Context for Seller #
Overall 29 of 34
Sector: Staffing 1 of 1
Type: Add-on Acquisition 12 of 14
Country: Norway 24 of 28
Year: 2021 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Elektroimportøren

Oslo, Norway

Elektroimportøren is an electrical equipment wholesaler and retailer serving a wide range of customers, from professional installers/electricians to handy retail customers. The company offers a comprehensive product range through one store at Alnabru in Oslo, an online store and a customer service center. Elektroimportøren was founded in 1994 and is based in Oslo, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Beckmann

Kristiansand, Norway

Beckmann AS is a provider of school backpacks with unique value, functional and ergonomic design offering. The company offers products and services to consumers in over 20 countries and more than 50% of its revenues now come from international markets. Beckmann was formed in 1946 and is headquartered in Kristiansand, Norway.

Sell -

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