About us

The investment adviser Norvestor Equity AS ("Norvestor") is one of the most established private equity firms in Norway. With over 25 years of investment experience in the region, Norvestor has built a strong operationally-focused team, developed a deep network within the industry, and established itself as a leading franchise in the Nordic lower mid-market.

Since inception, Norvestor has successfully advised seven investment vehicles, targeting platform investments in Norway and Sweden. Add-on investments play an integral role in Norvestor’s investment strategy of enabling companies to fulfill their growth potential and achieve leading Nordic or international positions in their respective markets.

The investment strategy is focused on finding investment targets with attractive growth potential. Identifying market sentiments with underlying growth drivers, opportunities for growth through market consolidation and investing in competitive platform companies with strong potential for taking markets shares.

The funds advised by Norvestor have invested over €950 million across 66 control investments, in addition to 264 add-on acquisitions / divestments, and completed 45 exits.

Norvestor is a member of the Norwegian Venture Capital Association (NVCA), the Swedish Private Equity and Venture Capital Association (SVCA) and Invest Europe (formerly known as the European Private Equity and Venture Capital Association (EVCA)).

Norvestor is a signatory to the United Nations Principles for Responsible Investment (the 'UNPRI').

Creating Value

Norvestor will typically seek control positions in companies that can benefit from the Firm’s support to achieve a leading Nordic or international position through organic growth, acquisitions across fragmented industries or geographic expansion.

Norvestor targets companies where we foresee significant potential for top-line growth, strategic repositioning and/or operational improvements.

While a range of industries will be considered, Norvestor will particularly focus on those in which the team has previous experience, specialist skills and/or developed networks. These core sectors are Oil services, Consumer markets, Business services and Engineering and industrial products. We believe that these core sectors comprise the highest number of companies with private equity potential and an ability to achieve leading Nordic or international positions.

Norvestor provides active ownership with an industrial approach based on broad operational experience.

The team follows a management- centric, growth driven investment strategy focusing on developing management teams to drive operational performance. We adopt a hands-on approach to the companies, combining financial skills with operational improvements. The team has a proven capability of managing strategic processes and an ability to provide companies with the necessary support to grow their businesses both organically and through domestic and international acquisitions to become leaders in the Nordic market.

We work as an adviser, coach and sounding board to the CEO, serving as a resource and support for management without undermining its accountability and authority. We provide leadership in setting the strategy and focus on core business, core competence and selected markets. We integrate industrial, operational and financial strategies and assist the companies in realizing their full earnings and growth potential.

In addition to supporting the companies' organic and add-on growth strategies for repositioning and market share, we also actively use our industrial and professional network to broaden management's capabilities. 

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Experienced Team

Norvestor is managed by a senior, operationally-focused local team, constituting a strong combination of both extensive operational experience from executive positions in industry and financial experience from private equity, investment banking, management consulting and previous personal investments. With over 25 years of investment experience, the team has invested over €950 million across 64 control investments.

Collectively, the partners have worked together for an average of 14 years and have a combined 122 years of private equity experience and 48 years of industrial and operational experience.  This senior, partner-heavy structure is an important factor for deal sourcing and portfolio monitoring, and ensures an extensive network with management teams, entrepreneurs and intermediaries across the Nordic market. Together with the partners, 15 additional high qualified professionals comprise the Norvestor team, one of the largest and most experienced private equity teams in Norway.

The team’s operational experience ranges from a wide variety of executive positions held in prior careers through to the operational improvements implemented in the portfolio companies. Collectively, the team has served on more than 170 board seats.

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Extensive Network

Through our long experience, we have gained long-standing relationships across the Nordic markets.

The team’s combination of extensive operational and financial experience makes Norvestor the preferred choice for many sellers and management teams.

Norvestor has built extensive contacts in its core industries through industry associations and experts, with which it keeps in regular contact. The team also has an excellent network in the general business community in Norway and Sweden.

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Norwegian and Nordic economy

The Nordic region, and in particular Norway, has historically maintained real GDP growth rates superior to or in line with those of other advanced economies across Europe.  Norway’s flexible and highly deregulated economy has consistently delivered relatively strong, low inflationary growth since the early 1990’s and is now ranked amongst one of the strongest economies in Europe, with the highest GDP per capita in Europe *. 

 

You will find more information in English about Norway and Norwegian business and industry if you visit one of the links below.

Official Statistics: Minifacts Norway

Official Statistics: This is Norway - what the figures say

Information from the Government and the Ministries

General information about Norwegian export companies and industry sectors

Official gateway to Public Services

Travel Guide to Norway

 

*after Liechtenstein and Luxembourg

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Environmental, Social and Governance policy

Norvestor is a member of the European Venture Capital Association (EVCA), the Norwegian Venture Capital Association (NVCA) and the Swedish Private Equity and Venture Capital Association (SVCA). Norvestor applies the International Private Equity and Venture Capital Guidelines and EVCA Reporting Guidelines for portfolio valuation and reporting to investors.

Norvestor is a signatory to the United Nations Principles for Responsible Investment (the 'UNPRI').
Norvestor follows the NVCA Guidelines on Active Ownership and Transparency in Private Equity Funds, dated August 2009, on a "comply or explain" basis.

Conflict of interests

Norvestor is generally aware that conflicts of interest could potentially arise between investors in the different Norvestor funds, the firm itself, the portfolio companies when investing, divesting and otherwise. Standards and processes have been put in place to ensure that all relevant circumstances have been carefully considered before decisions are made and that any potential conflict of interest has been identified and dealt with in a prudent manner and in accordance with the partnership agreements with investors to ensure fair treatment of all concerned.

Environmental, Social and Governance policy

Norvestor Equity AS ("Norvestor") recognises the impact private equity owned companies may have on the environment and society at large, and is therefore strongly committed towards promoting sound principles for the protection of the environment, social responsibility and proper governance practices (ESG principles) in the course of its business conduct. 

This environmental, social and governance policy (ESG policy) is developed for the purpose of promoting and maintaining a proper decision-making processes that focuses on high environmental, social and governance standards. See also section 6 below for more details on the matter of responsible investments. 

Norvestor in its capacity as investment adviser/manager to private equity funds is committed to be in compliance with applicable rules and regulations, which includes adherence to fundamental ESG principles as demonstrated by internationally recognised conventions and principles (such as the United Nations Universal Declaration of Human Rights, the UN Global Compact’s ten principles, OECD Guidelines for Multinational Enterprises etc.). 

Read more here: Norvestor ESG policy

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Private Equity as an asset class

Private equity is an alternative asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange. The term "private equity fund" is often used as a reference to various types of investment companies (also called "funds") that invest capital in companies as mentioned above. These funds typically invest in a number of companies in different industries to achieve a diversification in comparison to investing in a single company.

The vast majority of the money being invested in private equity funds, comes from long term institutional investors such as pension funds, endowments, insurance companies, banks and fund-of-funds.

Private equity is often referred to as active ownership since the fund's financial investment in a company is combined with active participation in the company's management and development. The investments made by private equity funds entail therefore not only access to capital, but also to other resources such as financial and industrial competence and networks.

Most investments are owned by the funds for 3 to 6 years and are then exited though a  trade sale (to an industrial buyer), stock exchange listing (IPO) or through a secondary sale to a financial investor (private equity fund or other). 

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