M&A Deal Summary

Segulah Advisor AB Acquires Beerenberg

On January 4, 2013, private equity firm Segulah Advisor AB acquired energy services and equipment company Beerenberg from Herkules Capital

Acquisition Highlights
  • This is Segulah Advisor AB’s 1st transaction in the Energy Services and Equipment sector.
  • This is Segulah Advisor AB’s 2nd transaction in Norway.

M&A Deal Summary

Date 2013-01-04
Target Beerenberg
Sector Energy Services and Equipment
Buyer(s) Segulah Advisor AB
Sellers(s) Herkules Capital
Deal Type Secondary Buyout

Target

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.

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Buyer(S) 1

Buyer

Segulah Advisor AB

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 11.1B SEK
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Segulah Advisor AB is a Swedish private equity firm focused on buyouts of mid-sized companies throughout Scandinavia. Segulah seeks profitable companies with defensible market positions, strong development potential, and experienced management. The Firm targets companies with annual revenues upto SEK 2 billion. Segulah Advisor AB was formed in 1994 and is based in Stockholm.


DEAL STATS #
Overall 33 of 50
Sector (Energy Services and Equipment) 1 of 2
Type (Secondary Buyout) 5 of 8
Country (Norway) 2 of 3
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-20 Skandinavisk Kommunalteknik

Taby, Sweden

Skandinavisk Kommunalteknik is a provider of tailor pressure sewer solutions (LTA) to municipalities, communities and individual installations. Skandinavisk Kommunalteknik specializes in solving tricky sewage problems and has delivered more than 50,000 pumps. Skandinavisk Kommunalteknik was founded in 1980 and is based in Taby, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-08 Medstop Holding AB

Stockholm, Sweden

Medstop Holding AB is a pharmacy chain with 62 pharmacies in the regions of Stockholm, Gothenburg and Malmoe. Medstop combines a strong entrepreneurial spirit with extensive experience in the pharmacy and retail sectors.

Sell $227M

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 6 of 34
Sector (Energy Services and Equipment) 2 of 4
Type (Secondary Buyout) 4 of 10
Country (Norway) 5 of 28
Year (2013) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-18 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.

Sell Nkr8.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-31 Pronova BioPharma ASA

Lysaker, Norway

Pronova is a global leader in the research, development and manufacturing of omega-3 derived pharmaceutical products.

Sell $900M