M&A Deal Summary

Ratos and Ferd Capital Acquire Aibel

On December 18, 2012, private equity firms Ratos and Ferd Capital acquired energy services and equipment company Aibel from Herkules Capital for 8.6B NOK

Acquisition Highlights
  • This is Ratos’ 3rd and Ferd Capital’s 1st transaction in the Energy Services and Equipment sector.
  • This is Ratos’ 0th and Ferd Capital’s 0th largest (disclosed) transaction.
  • This is Ratos’ 3rd and Ferd Capital’s 3rd transaction in Norway.

M&A Deal Summary
Date 2012-12-18
Target Aibel
Sector Energy Services and Equipment
Buyer(s) Ratos
Ferd Capital
Sellers(s) Herkules Capital
Deal Type Secondary Buyout
Deal Value 8.6B NOK

Target

Aibel

Sandnes, Norway
Aibel is a provider of offshore-based solutions and maintenance to the European energy sector. The company operates in the field of new building (Field Development) in both offshore wind power and the oil and gas industry, as well as in maintenance (Modification & Yard Services). Aibel was established in 1882 and is based in Sandnes, Norway.

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Buyer(S) 2

Buyer

Ratos

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1866
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ratos is a publicly-traded investment group focused on acquiring and growing un-listed companies. Ratos does not have any sector preferences and pursues platform companies throughout Scandinavia. The Firm's target investment size is 250M SEK to 5B SEK. Ratos looks to be an active owner in pursuing growth options and improving operations. Ratos was established in 1866 and is based in Stockholm.

DEAL STATS #
Overall 16 of 31
Sector (Energy Services and Equipment) 3 of 3
Type (Secondary Buyout) 2 of 5
Country (Norway) 3 of 6
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Anticimex

Stockholm, Sweden

Anticimex is a global specialist in preventive pest control with operations in 18 countries across Europe, Asia-Pacific, and the US. Anticimex serves around 3 million customers across the globe and offers a broad range of preventive pest control solutions, including the digital solution Anticimex SMART and pest insurance. Anticimex was founded in 1934 and is based in Stockholm, Sweden.

Sell kr2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-25 Nebula Oy

Helsinki, Finland

Nebula Oy is a provider of cloud-based services, IT infrastructure and network services to small and medium-sized enterprises in the Finnish market. Company offers its cloud services through networks and data centers. The company was founded in 1997 and is based in Helsinki, Finland.

Buy €83M
Buyer

Ferd Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 12.9B NOK
Size Large
Type Sector Agnostic
DESCRIPTION

Ferd Capital is the direct investment arm of Norwegian holding company and asset manager Ferd AS. Ferd Capital looks to make 500 million NOK to 3 billion NOK equity and debt investments in private and public companies. The Firm does not have any sector preferences and generally pursues opportunities throughout Scandianavia. Ferd looks to take an active ownership role to help with portfolio company growth and development. Ferd Capital is based in Oslo, Norway.

DEAL STATS #
Overall 3 of 11
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 1 of 2
Country (Norway) 3 of 10
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-11 Mestergruppen

Oslo, Norway

Mestergruppen is a building materials company consisting of three business areas; homebuilders franchise chains (Mesterhus and Systemhus), building material outlets (Byggeriet) and real estate development. Mestergruppen is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-25 Servi

Ski, Norway

Servi develops and produces customer-specific hydraulic systems, cylinders and valves for offshore, maritime, and land-based industries. The company offers a broad range of components for hydraulics, pneumatics and sliding bearings, as well as service and maintenance of hydraulic systems. Servi was formed in 1912 and is based in Ski, Norway.

Buy -

Seller(S) 1

SELLER

Herkules Capital

Oslo, Norway

Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 15.1B NOK
Size Large
Type Sector Agnostic
DESCRIPTION

Herkules Capital is a private equity firm focused on acquiring controlling interests in established companies located in Norway and other Nordic countries. Herkules looks to commit NOK 100 to NOK 1200 million of equity capital per transaction and will consider investing in public and private companies. Sectors of interest include oil services, healthcare, consumer, trade/retail, services and telecom. The Firm's investment horizon is typically five to seven years. Herkules was formerly known as Fer Private Equity. The Firm is based in Lysaker, Norway.

DEAL STATS #
Overall 5 of 34
Sector (Energy Services and Equipment) 1 of 4
Type (Secondary Buyout) 3 of 10
Country (Norway) 4 of 28
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-05 Espresso House Holding AB

Stockholm, Sweden

Espresso House Holding AB is a branded coffee shop chain. Espresso House serves high quality speciality coffee, supplemented by a broad menu of warm and cold drinks, hot and cold food and bakery products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-04 Beerenberg

Bergen, Norway

Beerenberg is a provider of services to the oil and gas industry on the Norwegian continental shelf within the areas of surface treatment, passive fire protection, insulation, and scaffolding. Beerenberg is based in Bergen, Norway.

Sell -
Mergr

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