M&A Deal Summary |
|
|---|---|
| Date | 2024-06-07 |
| Target | Havfram |
| Sector | Marine |
| Buyer(s) | Moreld |
| Sellers(s) | HitecVision |
| Deal Type | Add-on Acquisition |
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Moreld is an industrial group created through the merger of a number of small and medium-sized companies in HitecVision’s portfolio. As the energy sector prepares for a transition towards a low-carbon future, Moreld will seize opportunities to increase its foothold in sectors such as aquaculture, offshore wind, and other relevant renewable energy sectors, whilst continuing to nurture existing oil service operations. Moreld was founded in 2020 and is based in Stavanger, Norway.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Marine M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| Country: Norway M&A | 1 of 1 |
| Year: 2024 M&A | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 1985 |
| PE ASSETS | 8.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
HitecVision is a private equity firm specializing in buyouts and growth capital investments in the oil and gas industry. The Firm targets investments in middle-market companies throughout North America (primarily US) and Northern Europe (primarily Norway and the UK). HitecVision seeks companies with growth potential and unique technologies. The Firm looks to invest €150 to €500 million in companies. Specific areas of interest include drilling/down-hole, exploration/production, field development, mid- and downstream, and subsurface. HitecVision was formed in 1985 and is based in Stavanger. The Firm has additional offices in Oslo and Texas.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 34 |
| Sector: Marine M&A | 2 of 3 |
| Type: Add-on Acquisition M&A Deals | 17 of 17 |
| Country: Norway M&A | 23 of 25 |
| Year: 2024 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-19 |
Skygard
Oslo, Montenegro Skygard is a co-location data centre provider, developing a high-security, energy-efficient data centre cluster in Oslo, with further growth ambitions for the Nordics. Skygard was formed in 2024 and is based in Oslo, Norway. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-08 |
Moreld
Stavanger, Norway Moreld is an industrial group created through the merger of a number of small and medium-sized companies in HitecVision’s portfolio. As the energy sector prepares for a transition towards a low-carbon future, Moreld will seize opportunities to increase its foothold in sectors such as aquaculture, offshore wind, and other relevant renewable energy sectors, whilst continuing to nurture existing oil service operations. Moreld was founded in 2020 and is based in Stavanger, Norway. |
Sell | - |
