M&A Deal Summary

Novo Holdings A/S Acquires Stingray Marine Solutions

On October 10, 2024, corporate investor Novo Holdings A/S acquired marine company Stingray Marine Solutions

Acquisition Highlights
  • This is Novo Holdings A/S’s 1st transaction in the Marine sector.
  • This is Novo Holdings A/S’s 1st transaction in Norway.

M&A Deal Summary
Date 2024-10-10
Target Stingray Marine Solutions
Sector Marine
Buyer(s) Novo Holdings A/S
Deal Type Buyout (LBO, MBO, MBI)

Target

Stingray Marine Solutions

Oslo, Norway
Stingray Marine Solutions is an aquaculture technology company that provides advanced solutions for a more sustainable fish farming industry. The company's product, the Stingray system, utilizes a combination of camera vision, advanced proprietary software, and laser technology to remove sea lice from fish humanely and efficiently. Stingray Marine Solutions was formed in 2012 and is based in Oslo, Norway.

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Buyer(S) 1

Buyer

Novo Holdings A/S

Investor Investor Investor Investor Investor

Category Corporate Investor
Founded 1999
Size Middle-Market
Type Sector Focused
DESCRIPTION

Novo Holdings A/S is a Danish holding company and the investment arm of the Novo Nordisk Foundation. Novo Holdings' objective is to grow the assets of the Foundation and improve the lives of people around the world. In addition to investing in equity and fixed income securities, Novo Holdings pursues direct investments in life science companies. Novo Holdings A/S was established in 1999 and is headquartered in Hellerup, Denmark.

DEAL STATS #
Overall 15 of 16
Sector (Marine) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (Norway) 1 of 2
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-15 Single Use Support

Kufstein, Austria

Single Use Support is a process solution provider specializing in fluid and cold chain management of drug substances. The company focuses on developing solutions to provide manufacturers with 100% safe and efficient handling, liquid transfer, freezing, and cold chain shipping of advanced therapies and biologics in pharmaceutical production. Single Use Support Gmbh was founded in 2016 and is based in Kufstein, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-25 Benchmark Genetics

Bergen, Norway

Benchmark Genetics is a salmonid genetics company providing eggs and other genetic services to both traditional and land-based farmers, operating across Norway, Iceland & Faroe Islands, Chile, and other major geographies. Benchmark Genetics is based in Bergen, Norway.

Buy £230M
Mergr

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