Investment Summary

Nord Kapitalforvaltning Exit The Nobu Group

On February 19, 2019, Tubacex S.A. and Senaat invested in energy services and equipment company The Nobu Group from Nord Kapitalforvaltning

Investment Highlights
  • This is Tubacex S.A.’s 1st and Senaat’s 1st transaction in the Energy Services and Equipment sector.
  • This is Tubacex S.A.’s 1st and Senaat’s 1st transaction in United Arab Emirates.

Investment Summary

Date 2019-02-19
Target The Nobu Group
Sector Energy Services and Equipment
Investor(s) Tubacex S.A.
Senaat
Sellers(s) Nord Kapitalforvaltning
Deal Type Add-on Acquisition

Target

The Nobu Group

Dubai, United Arab Emirates
The Nobu Group provide repair and manufacturing services for high precision machining tubular components. NOBU Group has three locations in Saudi Arabia, Norway, and the UAE. The Nobu group is capable of handling both urgent ad-hoc deliveries as well as complex serial production. We have extensive experience with high-end machining, based on top quality machines and market-leading competence; delivering value to customers.

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Investor(S) 2

Investor

Tubacex S.A.

Llodio, Spain

Category Company
Sector Manufacturing
DESCRIPTION

Tubacex, S.A. is a multinational group engages in the manufacture of stainless steel and high-alloyed tubular products (tubes and accessories). It also offers a wide range of services from the design of tailored solutions to installation and maintenance operations. It has production plants in Spain, Austria, Italy, the United States, India and Thailand and worldwide service centers and sales offices in 38 countries.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Arab Emirates M&A 1 of 1
Year: 2019 M&A 1 of 1
Investor

Senaat

Abu Dhabi, United Arab Emirates

Category Company
Founded 1980
Sector Business Services
Employees20,000
DESCRIPTION

Senaat is one of the United Arab Emirates’ largest industrial holding companies, managing and operating assets for the Government of Abu Dhabi. It is a key contributor to Abu Dhabi’s Economic Vision 2030, which aims to diversify the Emirate’s economy away from reliance on the hydrocarbon sector by developing a strong industrial capability. SENAAT currently operates in four key industrial sectors – Metals, Oil & Gas Services, Construction & Building Materials and Food & Beverages Manufacturing. SENAAT, which translates as ‘Industries’ manages nearly USD 7.5 billion of industrial assets and employs close to 20,000 people across its portfolio of nine operating companies.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Arab Emirates M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Nord Kapitalforvaltning


Category Private Equity Firm
Founded 2011
PE ASSETS 431M NOK
Size Small
Type Sector Agnostic
DESCRIPTION

Nord Kapitalforvaltning AS is a private equity firm focused on acquiring and investing in Norwegian companies. Sectors of interest include real estate, energy, industrial, life science, fisheries, energy services, and healthcare. The Firm was formed in 2011 and is headquartered in Tromsø.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Arab Emirates M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Privat Omsorg Nord

Tromsø, Norway

Privat Omsorg Nord is a provider of home help and cleaning, user-assisted personal assistance (BPA), and nursing services. Privat Omsorg Nord was formed in 2001 and is based in Tromsø, Norway.

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