M&A Deal Summary

NHV Acquires Blueway AS

On December 17, 2014, NHV acquired aerospace company Blueway AS from Reiten & Co

Acquisition Highlights
  • This is NHV’s 1st transaction in the Aerospace sector.
  • This is NHV’s 1st transaction in Norway.

M&A Deal Summary
Date 2014-12-17
Target Blueway AS
Sector Aerospace
Buyer(s) NHV
Sellers(s) Reiten & Co
Deal Type Add-on Acquisition

Target

Blueway AS

Oslo, Norway
Blueway AS is a provider of multi-service helicopter services. Blueway operates a fleet of 25 helicopters and its offerings include services within Oil & Offshore, Infrastructure, Environment and Search & Rescue.

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Buyer(S) 1

Buyer

NHV

Oostende, Belgium
Category Company
Founded 1997
Sector Aerospace
Employees600
Revenue 90M EUR (2012)
DESCRIPTION

NHV is a helicopter services company active in the transport of sea- and coast pilots, offshore transport to oil and gas platforms, search and rescue operations, hospital emergency medical services, and passenger & freight transport. NHV was founded in 1997 and is based in Oostende, Belgium.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Norway) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

Reiten & Co

Oslo, Norway

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 450M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Reiten & Co is a Norwegian private equity firm that targets control investments in middle-market Scandinavian companies. Reiten looks for businesses with strong management, solid cashflow, and operating in a growing industry. The Firm's target investment size is €10 to €40 million per transaction. Reiten was formed in 1992 and began investing in 1996. The Firm is based in Oslo.

DEAL STATS #
Overall 13 of 21
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 7 of 10
Country (Norway) 10 of 17
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-05 Zalaris

Oslo, Norway

Zalaris is a provider of business process outsourcing services within HR, personnel, and payroll processes. Zalaris was founded in 2000 and is headquartered in Oslo, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-28 NEAS ASA

Lysaker, Norway

NEAS ASA is a full service facility management company. NEAS is a supplier of property related services to property owners, developers and tenants. NEAS focuses on three business areas: Facility Services, Technical Operations & Maintenance and Tenant Advisory & Relocation.

Sell -
Mergr

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