M&A Deal Summary

Partners Group AG Acquires CapeOmega

On April 23, 2019, asset manager Partners Group AG acquired oil/gas exploration company CapeOmega from HitecVision

Acquisition Highlights
  • This is Partners Group AG’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Partners Group AG’s 1st transaction in Norway.

M&A Deal Summary

Date 2019-04-23
Target CapeOmega
Sector Oil/Gas Exploration
Buyer(s) Partners Group AG
Sellers(s) HitecVision
Deal Type Secondary Buyout

Target

CapeOmega

Bergen, Norway
CapeOmega is an offshore infrastructure platform. The company provides the essential infrastructure for the transportation of natural gas produced on the Norwegian Continental Shelf and holds significant stakes in some of Norway's key midstream infrastructure assets. CapeOmega was founded in 2014 and is based in Bergen, Norway.

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Buyer(S) 1

DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 56 of 88
Sector (Oil/Gas Exploration) 2 of 2
Type (Secondary Buyout) 29 of 52
Country (Norway) 1 of 1
Year (2019) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 Greenlink

Dublin, Ireland

Greenlink is a proposed 500MW, subsea and underground cable interconnector (with associated converter stations) between the existing electricity grids in Ireland and the UK, operated respectively by EirGrid and National Grid Electricity Transmission. The project will link the Great Island transmission substation in County Wexford (Ireland) and Pembroke transmission substation in Pembrokeshire (Wales). Greenlink is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 Confluent Health

Louisville, Kentucky, United States

Confluent Health is a physical and occupational therapy-focused provider. Confluent provides outpatient physical and occupational therapy services across a network of approximately 200 clinics in twelve states; pre-graduate hybrid Doctor of Physical Therapy programs in partnership with leading universities and post-graduate certification, residency, and fellowship programs for physical therapists; and occupational health & safety services at over 500 corporate locations. Confluent Health was founded in 2014 and is based in Louisville, Kentucky.

Buy -

Seller(S) 1

SELLER

HitecVision

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HitecVision AS is a private equity firm specializing in buyouts and growth capital investments in the oil and gas industry. The Firm targets investments in middle-market companies throughout North America (primarily US) and Northern Europe (primarily Norway and the UK). HitecVision seeks companies with growth potential and unique technologies. The Firm looks to invest $30 to $150 million in companies valued up to $300 million. Specific areas of interest include drilling/down-hole, exploration/production, field development, mid- and downstream, and subsurface. HitecVision AS was formed in 1985 and is based in Stavanger. The Firm has additional offices in Oslo and Texas.


DEAL STATS #
Overall 24 of 30
Sector (Oil/Gas Exploration) 4 of 5
Type (Secondary Buyout) 6 of 6
Country (Norway) 18 of 22
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Sval Energi

Stavanger, Norway

Sval Energi was established with the aim of building an energy company with a broad asset base. Currently, Sval Energi holds interests in Gassled, an offshore gas transmission system, and in the Polar led pipeline. As a new generation energy company, Sval sees the need to reduce the industry’s carbon footprint, the world's need for clean energy and also recognizes the profitable business opportunities that arise in the ongoing energy transition. Sval Energi is based in Stavanger, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Energy Drilling Management

Singapore, Singapore

Energy Drilling Management is a tender drilling company offering cost-effective solutions to the offshore drilling market. Energy Drilling Management was founded in 2012 and is based in Singapore.

Buy -