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M&A Deal Summary

Norvestor Equity AS Acquires Intelecom Group AS

On December 11, 2008, private equity firm Norvestor Equity AS acquired communications company Intelecom Group AS for 173M NOK

Acquisition Highlights
  • This is Norvestor Equity AS’s 1st transaction in the Communications sector.
  • This is Norvestor Equity AS’s 2nd largest (disclosed) transaction.
  • This is Norvestor Equity AS’s 28th transaction in Norway.
Investment Fate
  • Intelecom Group AS was sold to a strategic buyer in 2009.
  • Intelecom Group AS was divested to a consortium of buyers in 2010.
  • Intelecom Group AS was sold to a strategic buyer in 2017.

M&A Deal Summary
Date 2008-12-11
Target Intelecom Group AS
Sector Communications
Buyer(s) Norvestor Equity AS
Deal Type Going Private
Deal Value 173M NOK

Target

Intelecom Group AS

Oslo, Norway
Intelecom is an enterprise communications solution provider that implements and operates advanced communication solutions. The company has a strong customer base comprising of large public agencies, blue chip corporate and large to mid sized companies.

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Buyer(S) 1

Buyer

Norvestor Equity AS

Oslo, Norway

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Norvestor Equity is an independent private equity group focused on opportunities throughout Norway and the nearby Nordic region. Norvestor generally looks to acquire control positions in businesses with strong market positions, clear potential for sales and earnings growth, and motivated management. Sectors of interest include engineering/technology, food/beverage, IT, telecommunications, maritime equipment, oil services, power/energy, retail, and services/outsourcing. The Firm's investment size is €10 to €45 million in companies with enterprise values of €20 to €125 million. Norvestor Equity is based in Oslo with an additional office in Stockholm.

DEAL STATS #
Overall 35 of 80
Sector (Communications) 1 of 3
Type (Going Private) 1 of 1
Country (Norway) 28 of 54
Year (2008) 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-07 Wema System AS

Blomsterdalen, Norway

Wema System AS is a supplier of high-quality diesel and AdBlue level sensors to the heavy truck and marine industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-11 Intelecom Group AS

Oslo, Norway

Intelecom is an enterprise communications solution provider that implements and operates advanced communication solutions. The company has a strong customer base comprising of large public agencies, blue chip corporate and large to mid sized companies.

Sell -
Mergr

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