Growth Capital • Machinery

Norvestor Equity Invests In HydraWell

On April 29, 2016, private equity firm Norvestor Equity invested in machinery company HydraWell

Investment Context

This is Norvestor Equity’s 4th transaction in the Machinery sector.
This is Norvestor Equity’s 40th transaction in Norway.

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Investment Summary
Date	April 29, 2016
Target	HydraWell
Sector	Machinery
Investor(s)	Norvestor Equity
Deal Type	Growth Capital

Target Company

HydraWell

Tananger, Norway

HydraWell is a manufacturer of proprietary downhole tools enabling time and cost efficient plugging solutions for P&A, slot recovery and well repair through eliminating the need for section milling. HydraWell was founded in 2008 and is based in Tananger, Norway.

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Investor Overview 1

Investor

Norvestor Equity

Oslo, Norway

Investor Investor

Category	Private Equity Firm
Founded	1989
PE ASSETS	8.3B EUR
Size	Mega
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 was founded in 1989 and is based in Oslo, Norway.

Deal Context for Investor	#
Overall	54 of 88
Sector: Machinery	4 of 5
Type: Growth Capital	5 of 12
Country: Norway	40 of 58
Year: 2016	1 of 6

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2016-04-18	Sortera Group Stockholm, Sweden Sortera Group is a niche operator in the waste management sector. Sortera’s main offering is heavy duty builder bags in which building material waste can be placed unsorted or sorted. Containers are also offered as an alternative or supplement to the bags. Sortera Group was founded in 2006 and is based in Stockholm, Sweden.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2016-04-18

Sortera Group

Stockholm, Sweden

Sortera Group is a niche operator in the waste management sector. Sortera’s main offering is heavy duty builder bags in which building material waste can be placed unsorted or sorted. Containers are also offered as an alternative or supplement to the bags. Sortera Group was founded in 2006 and is based in Stockholm, Sweden.

Sell

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2016-07-04	VENI Energy Group Drammen, Norway VENI Energy Group is a supplier of corporate energy services. VENI Energy Group provides a range of services aimed at reducing energy costs for the SME sector as well as large corporate and public authorities. VENI Energy Group was founded in 1995 and is based in Drammen, Norway.	Buy	Nkr750M

DATE

TARGET

DEAL TYPE

VALUE

2016-07-04

VENI Energy Group

Drammen, Norway

VENI Energy Group is a supplier of corporate energy services. VENI Energy Group provides a range of services aimed at reducing energy costs for the SME sector as well as large corporate and public authorities. VENI Energy Group was founded in 1995 and is based in Drammen, Norway.

Buy

Nkr750M

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