M&A Deal Summary

RAC Holding AS Acquires Dekk1 Holding AS

On March 18, 2013, RAC Holding AS acquired retailer Dekk1 Holding AS from Borea Asset Management

Acquisition Highlights
  • This is RAC Holding AS’s 1st transaction in the Retail sector.
  • This is RAC Holding AS’s 1st transaction in Norway.

M&A Deal Summary

Date 2013-03-18
Target Dekk1 Holding AS
Sector Retail
Buyer(s) RAC Holding AS
Sellers(s) Borea Asset Management
Deal Type Add-on Acquisition

Target

Dekk1 Holding AS

Eivind Boe, Norway
Dekk1 Holding AS, which owns tire and rim chain Dekk1 AS and wholesaler Norway Tyres has decided to separate the two businesses by demerge units to two new companies with separate ownership groups.

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Buyer(S) 1

Buyer

RAC Holding AS

Billingstad, Norway

Category Company
Founded 2010
Sector Retail
DESCRIPTION

RAC Holding AS offers car rental under the brand names Avis and Budget.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

Borea Asset Management

Bergen, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 9.5B NOK
Size Large
Type Sector Agnostic
DESCRIPTION

Borea Asset Management AS is an independent investment firm focused on opportunities throughout Norway. The Firm looks to invest in companies with at least NOK 50 million of revenues. Borea is a generalist investor, however, the Firm will not invest in shipping or real estate. Borea Asset Management AS was formed in 2005 and is based in Bergen.


DEAL STATS #
Overall 3 of 3
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Norway M&A 3 of 3
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-25 Workshop Bemanning AS

Oslo, Norway

Workshop is a provider of temporary workers to the building and civil engineering industries. The company has between 100-200 professionals in daily work, predominantly Nordic speaking workers. Customers are medium- to large-size contracting and industrial groups. Workshop’s head office is in Oslo, where it has a strong market position, and regional offices in Kristiansand and Trondheim. Workshop Bemanning AS formerly known as Mesterjobb Bemanning.

Sell -