Investments

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Wexus Industry: Business Services Initial investment: 2017 Fund: Norvestor VII
Wexus

 

Wexus is a leading specialised manufacturer and provider of modular buildings to governmental institutions, municipalities and customers within the oil & gas, infrastructure, utilities, and shipbuilding segments. The buildings are provided either on a rental contract or through sale of permanent installations. The Company has a lean and cost efficient set-up in combination with focus on high-quality modules, which makes them perceived as one of the best “value-for-money” providers in the industry. 


Wexus has built a wide range of customers from all its major segments. Production is done from their fully owned facility in Tallinn. The Wexus team of 79 is based at the headquarters in Stavanger (Norway) and in the production facility in Tallinn (Estonia). 

 

 

Wexus

Facts:

Country: Norway
Sales 2017F: ca. NOK 140m
Number of employees: 79
Norvestor Ownership: 60%
Norvestor contact: Tor Erling Gunnerød
Web page: wexus.no

Management
Egil Messmer, CEO
Christian Bjørnsen, CFO

Board of Directors
Tor Erling Gunnerød, Chairman
Egil Messmer
Henning Krohnstad

NetNordic Industry: Business Services Initial investment: 2017 Fund: Norvestor VII
NetNordic

 

NetNordic is one of the largest independent System Integrators in the Nordics with a leading position within communication solutions, networks and security. The Company was established in 2001 and has experienced strong growth over the last few years through organic initiatives and acquisitions. NetNordic partners include leading industry technology vendors like Juniper, Huawei, Nokia, Microsoft, Mitel, Palo Alto, Arbor and Avaya. NetNordic delivers solutions and services for Unified Communication (i.e. integrated secure enterprise communication solutions including video, mobile, conferencing and contact centers), network security and network management, WiFi-as-a-service and tailor made system integration for its customers. Nordic customers include large and medium sized enterprises, public administration, municipalities, operators and service providers which view NetNordic´s services as a critical component of their business.

NetNordic

Facts:

Country: Norway
Sales 2016: NOK 853m
Number of employees: 220
Norvestor Ownership: 75%
Norvestor contact: Christian Sontum
Web page: netnordic.com

Management
Jarl Øverby, CEO
Marius Gareid, CFO

Board of Directors
Christian Sontum, Chairman
Henning Vold
Alf Thiel Metelius
 

IT Gården Industry: Business Services Initial investment: 2016 Fund: Norvestor VII
IT Gården

 

IT Gården is a leading IT services outsourcing provider to SMEs in southern Sweden, and has a recently established foothold in Gothenburg in Sweden. The Company delivers IT services within IT outsourcing and infrastructure, virtualisation and client platforms as well as related products. IT Gården aims to provide customers with an easy way of outsourcing all IT related services. The customer value proposition is cost reduction and stable and efficient IT environment.

The Company has experienced strong growth in recent years, and currently employs approximately 90 fulltime employees. 

IT Gården

Facts:

Country: Sweden
Sales 2016: SEK 184m
Number of employees: 90
Norvestor Ownership: 76.3%
Norvestor contact: Henning Vold
Web page: itgarden.se

Management
Johan Henckel, CEO
Anders Nilsson, CFO

Board of Directors
Åge Lønning, Chairman
Henning Vold
Waseem Shad
Svein Torgersen
Jan Swedin
 

 

READ Cased Hole Industry: Oil Services Initial investment: 2016 Fund: Norvestor VII
READ Cased Hole

 

READ Cased Hole is a leading specialist in production logging and integrity evaluation. The definitive information that READ delivers helps customers better understand the performance of their wells. This enables operators to make qualified decisions quickly and with confidence, minimising risk and maximising production efficiency from their producing wells. READ have more than 25 years of concentrated cased-hole logging experience and a solid reputation for delivering assured diagnostics for their customers.

READ Cased Hole was established in 1990 and has since its inception build an impressive customer base including several international blue-chip companies. The READ Cased Hole team consists of 33 people and the headquarters are in Aberdeen (Scotland). 

READ Cased Hole

Facts:

Country: Scotland
Sales 2016: GBP 6.7m
Number of employees: 33
Norvestor Ownership: 93.3%
Norvestor contact: Tor Erling Gunnerød
Web page: readcasedhole.com

Management
Roy Martin, CEO
Bruce Melvin, CFO

Board of Directors
Tor Erling Gunnerød, Chairman
Per Ola Baalerud
Henning Krohnstad
Børge Kolstad
Martin Perry

 

Nordic Camping & Resort Industry: Consumer Markets Initial investment: 2016 Fund: Norvestor VII
Nordic Camping & Resort

 

Nordic Camping & Resort is a leading campsite operator in Sweden. 
The company operates 23 camping sites across Sweden. It provides a range of amenities for its guests including; pitches for caravans, RVs (Recreational Vehicles), mobile homes and tents and lodges of various sizes; family oriented activities such as mini-golf, swimming pools, kids club, saunas and boat and bike rental; and small convenience stores. 
The company operates in an attractive segment of the outdoor leisure market and has since its inception in 2001 (founded by the current CEO) experienced resilient growth, both organically and through successful acquisitions. Nordic Camping has 46 full-time employees and is headquartered in Stockholm, Sweden. 

 

Nordic Camping & Resort

Facts:

Country: Sweden
Sales 2016: SEK 106m
Number of employees: 46
Norvestor Ownership: 100%
Norvestor contact: Karl Svozilik
Web page: nordiccamping.se

Management
Tom Sibirzeff, CEO
Anna Jagestrand, CFO

Board of Directors
Karl Svozilik, Chairman
Ståle Angel
Martin Jørgensen
Fredrik Gyllenhammar Raaum

Presserv Industry: Oil Services Initial investment: 2016 Fund: Norvestor VII
Presserv

 

Presserv is a leading specialist in preservation and corrosion protection within the oil, gas, shipping and storage tank industries. They offer highly cost efficient products and services for the protection of customers’ assets through use of new technologies and methods. The company has experienced strong growth through the downturn in the oil and gas industry, by offering new and cost efficient alternatives, especially for asset stacking.

Presserv has since its inception in 1996 build an impressive customer base of c. 1,500 customers, including most of the major blue-chip companies in the oil and gas industry. There are currently 26 employees at the headquarters in Stavanger (Norway) and in the offices in Aberdeen (UK), Vitoria (Brazil) and Singapore.

Presserv

Facts:

Country: Norway
Sales 2016: NOK 120m
Number of employees: 26
Norvestor Ownership: 76.5%
Norvestor contact: Tor Erling Gunnerød
Web page: presserv.com

Management
Niklas Hermansson, CEO
Trond Waldow, CFO

Board of Directors
Tor Erling Gunnerød, Chairman
Trond Bjørnøy
Ole Lilland
Arne Bjørlo

Eneas Industry: Business services Initial investment: 2016 Fund: Norvestor VII

 

Eneas is a leading independent energy intermediary for SMEs in Norway and Sweden, with a recently established foothold in Finland.

The Company has offices in Drammen and Trondheim in Norway, and currently employs approximately 170 fulltime employees. The Company offers active energy procurement services, usually available only to larger corporates. The customer value proposition is built on convenient and independent electricity sourcing, protection against energy price volatility, green energy certificates, and extensive market knowledge with a 20-year track record. Eneas also provides energy audit, energy management and smart metering services to SMEs and property owners, and operates the proprietary call center Neras Direkte.

The Company was founded in 1995 by the current CEO, with the aim to create an independent electricity service provider for SMEs in Norway. Eneas is experiencing strong growth in its core segments and has become a substantial player in the Norwegian and Swedish market with a customer base of approximately 20,000 SMEs.

Facts:

Country: Norway
Sales 2016: NOK 593m
Number of employees: 170
Norvestor Ownership: 79.0%
Norvestor contact: Fredrik Korterud
Web page: eneas.no 

Management
Thomas Hakavik, CEO
Ole Magnus Raknes, CFO

Board of Directors
Fredrik Korterud, Chairman
Karl Svozilik
Thomas Hakavik
Henning Hansen

HydraWell Industry: Oil Services Initial investment: 2016 Fund: Norvestor VII
HydraWell

 

HydraWell is a rapidly growing well integrity specialist providing a range of step-changing proprietary tools and associated services to oilfield operators and services integrators. The Company has designed, developed, tested and commercialized a proprietary plugging technology product suite referred to as the Perforation, Wash & Cement® (“PWC®”) system for wellbore applications. The Company is exposed to the permanent plugging and abandonment (P&A), the slot-recovery (infill drilling) and the wellbore repair markets. HydraWell offers the products as a service to oilfield operators and oil service companies.


HydraWell has per April 2016 set more than 150 plugs. About 45% of the installations have been for slot-recovery, 45% for P&A and 10% for wellbore repair. Total tool success rate is above 99%. The Company is continuously developing its products and service offering responding to customer requirements and industry challenges. The team of 25 based outside Stavanger, Norway, is focused on delivering high quality services with the utmost attention to safety in all aspects.

 

HydraWell

Facts:

Country: Norway
Sales 2016: NOK 127m
Number of employees: 25
.Norvestor Ownership: 57.2%
Norvestor contact: Per-Ola Baalerud
Web page: hydrawell.no

Management
Mark Sørheim, CEO
Stian Vemmestad, CFO

Board of Directors
Per-Ola Baalerud, Chairman
Børge Kolstad
Odd Engelsgjerd
Morten Myhre
Henning Krohnstad

4Service Industry: Business Services Initial investment: 2016 Fund: Norvestor VII

4Service is a provider of contract catering, cleaning and soft facility management services in Norway. The Company has experienced strong growth since inception in 2011, especially within the growing onshore camp segment driven by large public infrastructure investments.

The core offering of the Company is food services (canteen and catering operation) and cleaning, and it has gradually developed strong market positions in its main business areas: (i) facility services, (ii) onshore camps and (iii) offshore rigs. 

4Service was founded by a seasoned management team with extensive experience from the Global and Nordic facility management industry from various senior management positions. Combining best practice from the global facility management providers with local concepts, entrepreneurial spirit and more than 1400 motivated employees create the competitive advantage for 4Service.  

 

Facts:

Country: Norway
Sales 2016: NOK 953m
Number of employees: 1400
Norvestor Ownership: 66.3%
Norvestor contact: Fredrik Korterud
Web page: 4service.no

Management
Tor Rønhovde, CEO
Finn Rune Kristiansen, CFO

Board of Directors
Fredrik Korterud, Chairman
Per-Åge Sandnes
Jan Otto Klaussen
Ståle Angel
Are Stenberg

Phonero Industry: Business Services Initial investment: 2017 Fund: Norvestor VI
Phonero

 

Norvestor VI invested in Phonero Group AS in November 2015. The Company was sold to Telia Company AB in April 2017.

Phonero
Permascand Industry: Engineering & Industrial Products Initial investment: 2015 Fund: Norvestor VI
Permascand

 

Permascand AB is a leading engineering and manufacturing company across the business areas of electrochemical process technology, water treatment systems and welded equipment & components.

Permascand’s business model is built on more than 40 years’ experience within electrochemical process technology and advanced materials science, as a supplier of dimensionally stable anodes (DSATM) based on catalytic coating of titanium.  Core to the recent successes and future growth strategy is the utilization of this unique combination of competencies in a range of applications across several industries.

Head office and manufacturing is situated in Ljungaverk, 70 km from Sundsvall in northern Sweden with sales representatives in Sweden (Gothenburg), Norway and Canada. More than 90% of the products are exported outside Sweden, mainly to Europe and South America.

 

Permascand

Facts:

Country: Sweden
Sales 2016: SEK 199m
Number of employees: 115
Norvestor Ownership: 80.7%
Norvestor contact: Per-Ola Baalerud
Web page: permascand.com

Management
Peter Lundström, CEO
Fredrik Herlitz, CTO

Board of Directors
Per-Ola Baalerud, Chairman
Christian Sontum
Mario Houde
Ingar Jensen
Martin Olsén
Stefan Ernquist

Roadworks Industry: Business Services Initial investment: 2015 Fund: Norvestor VI
Roadworks

Roadworks offers a full range of products and services required for operation and maintenance of road related infrastructure including monitoring and automation within the Norwegian market. The Company was established in 2011 and is located in Langhus, Grimstad and Trondheim in Norway. Since 2011, Roadworks’ revenue has more than tripled through organic growth.

Roadworks consists of three companies;Veidrift, Traftec and Controltec. Through the three subsidiaries, Roadworks provides a full range of products and services required for operation and maintenance of road related infrastructure including monitoring and automation. Veidrift road operation and maintenance services include snow removal, road and sign cleaning, temporary warning and re-direction of traffic, installation upgrades, road surface repairs, road drainage and cleaning of tunnels and bridges. Traftec and Controltec delivers operation and maintenance of electrical road, tunnel, bridge and dock systems, road and tunnel control, communication, monitoring and automations solutions.

Roadworks aims to become a leading player within the Norwegian road infrastructure market by strengthening its operations in current regions and expand the business into new geographies.

Roadworks

Facts:

Country: Norway
Sales 2016: NOK 1 109m
Number of employees: 201
Norvestor Ownership: 79.1%
Norvestor contact: Christian Sontum
Web pageroadworks.no

Management
Jan Tore Klemmetsen, CEO
Thomas Gundersen, CFO

Board of Directors
Christian Sontum, Chairman
Petter Elvestad
Frank Stabu
Øystein Stebekk

 

PG Group Industry: Oil Services Initial investment: 2014 Fund: Norvestor VI
PG Group


PG Group is a focused Group of Companies within the Offshore Oil & Gas and Maritime industries.

PG specializes in liquid handling solutions, with an innovative profile in the global marketplace. The core business is pumps, and pumping systems - further enhanced to cover products, and solutions up- and downstream, including control systems, drive solutions, and commissioning of advanced systems - designed, engineered and manufactured to the highest industrial standards. PG aims to serve its customers with state-of-the-art, high quality products and systems, given added value by highly qualified staff. Experience, application knowledge & understanding, combined with technical- and social skills ensure that PG better understand its customer’s needs and have catered for these in a professional manner since 1982.

PG Group

Facts:

Country: Norway
Sales 2016: NOK 373m
Number of employees: 191
Norvestor Ownership: 57.4%
Norvestor contact: Per-Ola Baalerud

Web pagepg-marinegroup.com

Management
Roy Norum, CEO
Øyvind Sæta, CFO

Board of Directors
Per-Ola Baalerud, Chairman
Lars Grinde
Oddbjørn Eliassen
Odd Ståle Sperre Ness
Svein Olsen
 

Nomor Industry: Business Services Initial investment: 2014 Fund: Norvestor VI

Nomor AB (publ) is the second largest pest control company in Sweden. The company operates nationwide within three service areas; Pest control, Food safety and Home & House. Pest control consists of a broad range of sanitation services and preventative measures for exterminating pests (e.g. rats, mice, wasps, cockroaches, bugs and eremites). Food safety is targeting customers that have to abide by certain hygiene standards (e.g. food industry, hotels, restaurants). Nomor mainly provides full service agreements that guarantee compliance with current regulation. Home & House services constitute a broad range of services, such as inspection and sanitation of mould/fungi, preventive building inspections for insurance or transaction purposes and cleaning of house surfaces. Nomor serves its customers from 19 offices across Sweden, and has central functions located in Sollentuna and Falun.

Facts:

Country: Sweden
Sales 2016: SEK 214m
Number of employees: 120
Norvestor Ownership: 67.3%
Norvestor contact: Fredrik Korterud

Web page: nomor.se

Management
Svein Olav Stølen, CEO
Jakob Sellgren, CFO
Robert Stierngranat, Sales Manager

Board of Directors
Fredrik Korterud, Chairman
Karl Svozilik
Ståle Angel
Bengt-Göran Persson

Future Production Industry: Oil Services Initial investment: 2013 Fund: Norvestor VI
Future Production

 

Future Production is a multidisciplinary supplier of innovative solutions and equipment to the offshore rig industry. The Company is located in the global drilling equipment cluster in Kristiansand, Norway. The Company was founded in 1999 and has since then experienced substantial growth. Future Production is an acknowledged operator within its niche, with a large installed base of equipment deliveries to blue chip clients. To date the Company has delivered equipment to more than 40 drilling units and platforms.

The product suite includes a large number of products typically required for handling of equipment on the lower part of the drill floor. The Company provides complete project management for the deliveries; from the preliminary feasibility studies, through design, manufacturing and installation, to the final commissioning and documentation. The design team combines technical skills and creativity with operational experience. Together with reliable subcontractors, Future Production secures implementation of efficient solutions that are easily operated by customers. 

Future Production is targeting a substantial growth with new customers and in new geographies, primarily driven by demand for upgrading of rigs, but also increasingly deliveries to new builds.

Future Production

Facts:

Country: Norway
Sales 2016: NOK 74m
Number of employees: 24
Norvestor Ownership: 76.2%
Norvestor contact: Trond Bjørnøy

Web page: future-production.no

Management
Torstein Bringa, CEO
Kristian Waage, CFO

Board of Directors
Trond Bjørnøy, Chairman
Marie Øymyr-Moe
Lars Hoven
Thorbjørn Overholt
Sveinung Lofthus
Claus Feyling

 

iSURVEY Industry: Oil Services Initial investment: 2013 Fund: Norvestor VI
iSURVEY

 

iSURVEY is a leading Norwegian supplier of specialist survey and positioning services for offshore operations such as rig moves, marine construction work and seabed mapping.  The customers are global oil and gas, contractors, renewable energy and telecommunications companies.

iSURVEY was founded in 2004 by seven people with deep industry experience. Today, the Company has close to 100 employees in Europe and Asia, and a market share of c. 45% within offshore positioning services on the Norwegian Continental Shelf. 

iSURVEY aims to become a leading global player within offshore positioning and seabed mapping services, and the Company has a reputation for high quality and timely project deliverables.  The Company focuses on continued growth on the Norwegian Continental Shelf and on an international expansion in the high end marine construction and rig move markets, supported by the offices in Singapore and Aberdeen. Expansion into related services also forms part of the growth strategy.

iSURVEY

Facts:

Country: Norway
Sales 2016: NOK 129m
Number of employees: 111
Norvestor Ownership: 67.1%
Norvestor contact: Are Stenberg

Web pageisurvey-group.com/

Management
Øivind Røegh, CEO
Wiggo Johansen, CFO

Board of Directors
Are Stenberg, Chairman
Trond Bjørnøy
Duncan MacPherson
Arild Kristengård
Kristin Dahle

 

Robust Industry: Engineering & Industrial Products Initial investment: 2013 Fund: Norvestor VI
Robust

 

Robust specialises in production and sale of security and fire steel doors, with a cost leading manufacturing facility in Nykroppa, Sweden. The steel doors are sold to end customers through construction companies, wholesalers, and installation companies. Robust also has two manufacturing facilities in Cheadle and Staffordshire in England, to serve the UK market.

Robust is headquartered in Nykroppa, Sweden. The origins of the Company date back to 1886. Over the last decade security doors have increasingly been sold with a “wood-look” or high quality wood finish. Steel security doors have experienced solid growth in the Swedish housing renovation segment based on their cost effective burglary, noise, smoke and fire preventing qualities. Following a significant lean program in the Nykroppa production facility, Robust has positioned itself as the cost leader in the industry with the shortest lead times. Robust expects to capitalize on its competitive advantage to gain further market share both organically and through potential add-on acquisitions to strengthen its geographical positions.

Robust

Facts:

Country: Sweden
Sales 2016: SEK 224m
Number of employees: 125
Norvestor Ownership: 84.8%
Norvestor contact: Christian Sontum

Web pagewww.robust.se/en/

Management
David Lycett, CEO
Peter Karlsson, CFO

Board of Directors
Christian Sontum, Chairman
Ingar Jensen 
Petter Elvestad
 

 

Abax Industry: Business Services Initial investment: 2017 Fund: Norvestor VI
Abax

 

Norvestor VI invested in Abax in November 2012. The Company was sold to Investcorp in June 2017.

Abax
Sortera Industry: Business Services Initial investment: 2016 Fund: Norvestor VI

Norvestor VI invested in Sortera Skandinavien Holding in May 2012. The Company was sold to Nordic private equity firm Summa Equity in April 2016.

Crayon Industry: Business Services Initial investment: 2017 Fund: Norvestor VI
Crayon

 

Crayon Group advises enterprises with complex IT needs. Its head office is in Oslo, Norway with branches in Sweden, Denmark, Finland, Germany, France, Great Britain, Netherlands, Iceland, Austria, Spain, Portugal, USA, Singapore, Malaysia, India, Kuwait, Bahrain, Qatar, Oman and Yemen. The Company has approximately 850 employees.

Crayon Group has a leading position within software licensing and Software Asset Management (SAM) in Europe, with a vision of becoming the leading SAM player globally. SAM is a business practice that involves managing and optimising the purchase, deployment, maintenance, utilisation, and disposal of software licenses within an organisation.  Crayon helps companies to establish full control and coherence between user rights and patterns of use. The Company protects assets acquired by the organization, and ensures the best possible starting point for further procurement so that enterprises can reduce costs over time.

The Company is also the leading license and solutions partner for a range of software manufacturers. It offers licenses and solutions from Microsoft, Adobe, Symantec, Citrix, VMware, Oracle, IBM and others. The emphasis is accordingly on standard software which customers use consistently year after year, and which play a key role in their technological platforms and critical commercial processes. In addition to the SAM and licensing business Crayon also runs a consulting business, which is regarded as a natural complementary and value-adding service to the license advisory service.

During Norvestor’s ownership period, Crayon has made several acquisitions; Among others, A gain in Denmark, Fast in the UK, Kryptos in India, Anglepoint in USA, Atria in Singapore and Puzzlepart in Norway.

Crayon Group Holding ASA (OSE ticker code “CRAYON”) announced on 6 November 2017 a successful completion of its initial public offering (“IPO”) through a private placement of shares and secondary sale of shares. The Company was listed on 8 November 2017.

Crayon

Facts:

Country: Norway
Sales 2016: NOK 6,015m
Number of employees: 932
Norvestor Ownership: 18.5%
Norvestor contact: Henning Vold

Web pagewww.crayon.com

Management
Torgrim Takle, CEO
Knut Ansten, Action CFO

Board of Directors
Jens Rugseth, Chairman
Dagfinn Ringås
Eivind Roald
Camilla Magnus
Grethe Viksaas
David Ulvær
Bjørn Rosvoll
Brit Smedstad


 

Marine Aluminium Industry: Oil Services Initial investment: 2012 Fund: Norvestor V
Marine Aluminium

 

Marine Aluminium is one of the world’s leading companies within design, engineering and fabrication of aluminium based access and safety solutions for the offshore and shipbuilding industry. The Company is headquartered at Karmøy, Norway, and with facilities at Stord (Norway) and in Ningbo (China). The Company has a 60 year history with a proven track record as the most experienced manufacturer of aluminium gangways and helidecks globally. The customers are yards, oil and gas companies, vessel owners and contractors. 

The Company aims to further strengthen its market position in the North Sea and further develop the subsidiary in China with the aim to manifest its position as the global leader within helidecks and telescopic gangways. 

The Company has also implemented a growth strategy with focus on the life cycle of its products within the newly established service division, which provides total maintenance management on existing structures, as well as a rental portfolio of gangways.

Marine Aluminium

Facts:

Country: Norway
Sales 2016: NOK 577m
Number of employees: 110
Norvestor Ownership: 69.6%
Norvestor contact: Trond Bjørnøy
Web pagem-a.no

Management
Åge Højmark, CEO Uptime
Arild Frøkedal, CEO Marine Aluminium

Board of Directors
Trond Bjørnøy, Chairman
Christian Sontum
Arild Frøkedal
Per-Bjørn Habbestad
Bjørn Frivik
Oddbjørn Eliassen
Jostein Rafsvik Ness
Ståle Botnen
Carl Eivind Mølstre
 

 

 

Cegal Industry: Business Services Initial investment: 2011 Fund: Norvestor V
Cegal

 

Cegal’s vision is to be the most innovative provider of IT-services to the global oil and gas industry. So far, Cegal provides IT operations to more than 200 customers, and more than 14,000 users around the world. The Company provides Cloud services, application management, advisory services, consulting services and sale of hardware and software.

Cegal’s company culture is the result of the core values; drive, balance and freedom, and the value driven company conduct is evident in all parts of the Company

Since the Company was founded in 2000, it has grown both organically and through acquisitions. In August 2014, Cegal merged with Blueback Reservoir to combine and expand their offering and will become a global partner within innovative petrotechnical solutions for the oil and gas industry. 

Following the merger, the Company will exceed 300 employees with offices in Stavanger, Bergen, Oslo, London, Houston, Calgary and Dubai. 

Cegal

Facts:

Country: Norway
Sales 2016: NOK 507m
Number of employees: 304
Norvestor Ownership: 52.5%
Norvestor contact: Henning Vold

Web pagewww.cegal.com

Management
Svein Torgersen, CEO
Trym Gudmundsen, CFO

Board of Directors
Henning Vold, Chairman
Per-Ola Baalerud
Stian Vemmestad
Olivier Peyret
Frank Robert Garneng
Arne Kristoffer Norborg
Rod Hall
Arve Osmundsen

 

 

 

Aptilo Industry: Business Services Initial investment: 2011 Fund: Norvestor V
Aptilo

 

Aptilo Networks is a software company and a market leader in solutions to manage data services to control internet access over wireless networks. The Company is headquartered in Stockholm, Sweden, with offices in the U.S., Malaysia and Dubai. Although the solution is capable of handling multiple kinds of fixed and wireless access methods, since its inception 2001 the focus has been on providing the best possible solution for Wi-Fi access in public and semi-public locations provided by service providers and venue owners. 

Aptilo helps the operator of the network to monetize Wi-Fi by controlling the user access and the user experience while providing diverse business models and charging methods. Aptilo is riding on the proliferation of Wi-Fi built into smartphones, tablets and laptops and the need to seamlessly offload data traffic from 3G/4G mobile networks. Aptilo has over 100+ customers in 60+ countries. The solution can be deployed as on-premise software or since over 10 years also as a cloud based service model. Aptilo seeks to develop its offering and increasing its market share globally.

Aptilo

Facts:

Country: Sweden
Sales 2016: SEK 120m
Number of employees: 80
Norvestor Ownership: 88.7%
Norvestor contact: Christian Sontum
Web pagewww.aptilo.com

Management
Paul Mikkelsen, CEO
Ulf Stigberg, CFO

Board of Directors
Åge Lønning, Chairman
Alf Thiel Metelius
Christian Sontum 
Katarina Bonde
Anders Ingestrøm

Sentech Industry: Oil Services Initial investment: 2010 Fund: Norvestor V
Sentech

 

Sentech AS was established in 1995 and acquired by Advantec AS in 2010. Norvestor retained their ownership in Sentech AS after Advantec was sold to GE Oil & Gas in 2015. The Sentech team consists of 8 people with headquarters in Oslo (Norway). 

Sentech AS is a provider of measurement sensors, monitoring systems and electrical instrumentation to the oil and gas industry and other industries. The company’s Single Electrode Capacitance sensor technology (SeCaP), developed and patented by Sentech AS, forms the core of a range of products that provide highly accurate, stable and versatile measurements solutions. One example application of the SeCaP technology is Sentech’s leading profile meter technology which provide detailed real time information about liquid layers (water, oil, emulsion, foam etc.) in petroleum separation tanks.

Sentech

Facts:

Country: Norway
Sales 2016: NOK 28m
Number of employees: 8
Norvestor Ownership: 70%
Norvestor contact: Trond Bjørnøy
Web page: sentech.no

Management
Jon Morten Halleraker, CEO
Torstein Floden, CFO

Board of Directors
Trond Bjørnøy, Chairman
Astrid Koppernæs
Oddbjørn Eliassen
Magnar Aaland
Svein Kolbein Halleraker
Jan Kåre Pedersen

Apsis Industry: Business Services Initial investment: 2010 Fund: Norvestor V
Apsis

 

Apsis is the market leading provider of solutions for creating, customizing, sending and tracking permission-based email newsletters in the Nordic region. The Company is headquartered in Malmö, Sweden, and has subsidiaries in Norway, Finland, Denmark, and Hong Kong,and a branch in Turkey. The Company was founded in 2001 and has experienced strong organic growth with high profitability. Apsis has nearly 200 employees serving more than 6,000 customers in 40 countries that use its main email marketing tool, Apsis Newsletter Pro, and its lead generation and marketing automation tool ProspectEye.

Apsis uses a proprietary Software-as-as-Service (SaaS)-based platform technology to enable its customers to conduct highly effective marketing campaigns through email and other digital marketing channels. Customers access the software via a web-based portal, which allows customers to create and send email and marketing materials to large groups of recipients, as well as offering intelligent analytics’ solutions to track and increase the efficiency of customer marketing campaigns. The customer base consists of a combination of both global enterprises and SME businesses.

The Company’s success is based on a high level of recurring revenue and low customer churn, and focuses on continued strong growth in the Nordic market while also growing in selected international markets.  

Apsis

Facts:

Country: Sweden
Sales 2016: SEK 304m
Number of employees: 260
Norvestor Ownership: 67.7%
Norvestor contact: Henning Vold
Web Page: www.apsis.se

Management
Emma Svalin, CEO
Anders Hilmansson, CFO

Board of Directors
Henning Hansen, Chairman
Henning Vold
Alf Thiel Metelius
Rogier Verheij
Anders Frankel

Advantec Industry: Oil Services Initial investment: 2015 Fund: Norvestor V
Advantec

 

Norvestor V invested in Advantec in April 2010. On 30 November 2015, Advantec Holding closed the sale of its main operating subsidiary Advantec AS (excluding the subsidiary Advantec Sensing) to GE Oil & Gas. Advantec Holding will retain its ownership of Advantec Sensing, which will be renamed Sentech, and Norvestor will increase its indirect ownership in Sentech from 54% to 70%.

 

Advantec
Intelecom Industry: Business Services Initial investment: 2009 Fund: Norvestor V

 

Norvestor V invested in Intelecom in December 2008. The company was sold to Norwegian Carrot Communications in December 2009.

Wema Industry: Engineering & Industrial Products Initial investment: 2014 Fund: Norvestor V

 

Norvestor V invested in Wema Group Holding in August 2008. The Company was sold to the US listed company Measurement Specialities Inc in June 2014.

RenoNorden Industry: Business Services Initial investment: 2011 Fund: Norvestor V

 

Norvestor V invested in RenoNorden in June 2008. The company was sold to UK based private equity fund Capvest Equity Partners II and Swedish based Accent Equity 2008 in September 2011.

Nordic Vision Clinics Industry: Consumer Markets Initial investment: 2013 Fund: Norvestor V

 

Norvestor V invested in Nordic Vision Clinics in December 2007. The company was exited in September 2013.

eTRAVELi Industry: Consumer Markets Initial investment: 2010 Fund: Norvestor IV

 

Norvestor IV invested in eTRAVELi in August 2007. The company was sold to Swedish private equity fund Segulah IV L.P. in August 2010.

Johnson Metall Industry: Engineering & Industrial Products Initial investment: 2007 Fund: Norvestor IV
Johnson Metall

 

Johnson Metall is a leading international supplier and integrated manufacturer of brass and bronze components to the international bearing industry and the Nordic industrial markets. The Company has 550 employees and operates manufacturing facilities in Sweden, Finland, Romania and USA, and sales offices in Norway and Denmark. 

The Company’s main products are machined bronze parts engineered for specific customer applications to leading companies within industries such as energy, mining, forestry, construction and transportation, and brass bearing cages that are used by the world’s major bearing manufacturers in the production of ball- and roller bearings.

Short lead times, efficient logistics, comprehensive product offering and technical competences are the Company’s key differentiators. Cost-competitiveness is achieved by an integrated production platform with melting, casting and machining in the same site enabling very high recycling rate from the machining process. Over the last years the cost leadership has been further strengthened through the development of a highly efficient facility in Romania and substantial productivity investments in the Nordic facilities. Going forward the Company will further leverage on this position by exploiting the European market for bronze components.

Johnson Metall

Facts:

Country: Sweden
Sales 2016: NOK 354m
Number of employees: 250
Norvestor Ownership: 72.7%
Norvestor contact: Trond Bjørnøy

Web pagewww.johnson-metall.com/en/

Management
Tobjörn Nordh, CEO
Stefan Tinnfält, CFO

Board of Directors
Hans Carlsson, Chairman
Øyvind Aasbø
Trond Bjørnøy
Stig Brehmer
Jon Tenden

 

 

ELIXIA Industry: Consumer Markets Initial investment: 2011 Fund: Norvestor IV

 

Norvestor IV invested in ELIXIA in September 2006. The company was sold to Swedish private equity fund Altor III L.P. in June 2011.

Life Industry: Consumer Markets Initial investment: 2017 Fund: Norvestor IV
Life

 

Life Europe is the largest specialised health product retailer in the Nordic region with an extensive store network of almost 400 stores across Sweden, Norway and Finland. The Company was established in 2005 when Norvestor consolidated several health product retailers in Sweden, Norway and Finland, including the separate Life franchise organisations in Sweden and Norway. Life also operates the largest health product wholesaler in the Nordics. The Company is headquartered in Stockholm, Sweden, and has approximately 620 employees.

Life targets a broad range of customers, and has approximately 650.000 loyal club card members. Products include the broadest range of vitamins, supplements, minerals and associated health products, in the market. Life continues to develop its concept and building the widest recognised brand name within sale of health products in the Nordics. The Company focuses its strategy to build and consolidate its store network, drive sale of private label products and to grow its e-commerce platform.

Life

Facts:

Country: Sweden
Sales 2016: SEK 1,335m
Number of employees: 620
Norvestor Ownership: 51.5%
Norvestor contact: Karl Svozilik
Web page: www.life.no

Management
Erik Frydenberg, CEO

Board of Directors
Ståle Angel, Chairman
Karl Svozilik
Tommy Nilsen
Kristoffer Olsen
Johan Andersson
Daniel Tadic
Rikard Furusten

SCAN Geophysical Industry: Oil Services Initial investment: 2009 Fund: Norvestor IV

 

Norvestor IV invested in SCAN Geophysical in October 2005. SCAN was listed on the Oslo Axess Exchange in May 2007 and following a secondary sale in connection with the listing, Norvestor sold one-third of the investment. The investment was fully exited in 2009.

Panorama Industry: Consumer Markets Initial investment: 2014 Fund: Norvestor IV

 

Norvestor IV invested in Panorama Gruppen AS in June 2005. The company was exited in November 2014.

Odim Industry: Oil Services Initial investment: 2006 Fund: Fund I

 

Fund I invested in Odim in December 2002. The company was fully exited in February 2006 after a listing on the Oslo Stock Exchange.

Secode Industry: Business Services Initial investment: 2010 Fund: Fund III

 

Fund III invested in Secode in March 2001. The company was sold to NTT Communications Corporation in August 2010.

Wega Industry: Business Services Initial investment: 2007 Fund: Fund II

Fund II invested in Wega in February 2000. The company was listed on the OTC list in Oslo and the investment was exited in March 2007.

Scribona Industry: Business Services Initial investment: 2005 Fund: Fund II

 

Fund II invested in Scribona in October 1999. The company shares were sold in bloc sale on the Stockholm Stock Exchange in June 2005.

Component Software Industry: Business Services Initial investment: 2007 Fund: Fund II/III

 

Fund II invested in Component Software in July 1999. The company was fully exited in 2007 when the Finnish business intelligence company Affecto acquired all the shares.

Sonans Industry: Consumer Markets Initial investment: 2007 Fund: Fund II

 

Fund II invested in Sonans in April 1999. The company was exited in June 2007 through a secondary sale.

Point International Industry: Business Services Initial investment: 2003 Fund: Fund II

 

Fund II invested in Point International in June 1998. The company was fully exited in April 2003.

Plantasjen Industry: Consumer Markets Initial investment: 2000 Fund: Fund I

 

Fund I invested in Plantasjen in February 1998. The company was sold to a private investor in June 2000.

MMC Tendos Industry: Engineering & Industrial Products Initial investment: 2007 Fund: Fund I

 

Fund I invested in MMC Tendos in December 1997. The company was exited in June 2007 through a secondary sale.

Bjørge Industry: Oil Services Initial investment: 2005 Fund: Fund I

 

Fund I invested in Bjørge in November 1997. The company was fully exited in September 2005 after a listing on the Oslo Stock Exchange.

Trema Industry: Business Services Initial investment: 2006 Fund: Fund I

 

Fund I invested in Trema in July 1997. The company was sold to Wall Street Systems in June 2006.

First Rent a Car Industry: Consumer Markets Initial investment: 2001 Fund: Fund I

 

Fund I invested in First Services, a franchise established to undertake the Hertz car rental and leasing business in Norway an Denmark, in June 1997. The company was fully exited in September 2001.

Webcenter Unique Industry: Business Services Initial investment: 2001 Fund: Fund I

 

Fund I invested in Webcenter Unique in May 1997. The company was fully exited in December 2001 following a sale of shares pre- and post listing on the Oslo Stock Exchange.

Prepan Industry: Engineering & Industrial Products Initial investment: 1997 Fund: Fund I

 

Fund I invested in Prepan in April 1997. The company was sold to a family owned industry group in December 1997.

Aalesundfish Industry: Consumer Markets Initial investment: 2000 Fund: Fund I

 

Fund I invested in Aalesundfisk in October 1996. The Fund's shares in the Company were sold to Aqua Farms and another major owner in June 2000.

Synnøve Finden Industry: Consumer Markets Initial investment: 2007 Fund: Fund I

 

Fund I invested in Synnøve Finden in June 1996. The company was fully exited through a secondary sale in June 2007.

Falken Industry: Consumer Markets Initial investment: 1996 Fund: Fund I

 

Fund I invested in Falken in November 1995. The company was sold to the Danish Falck group in October 1996.

Kvatro Telecom Industry: Business Services Initial investment: 1998 Fund: Fund I

 

Fund I invested in Kvatro Telecom in October 1995. The company was sold to Tieto Enator in May 1998.

Skeidar Industry: Consumer Markets Initial investment: 1996 Fund: Fund I

 

Fund I invested in Skeidar in August 1995. The company was fully exited in September 1996 through a sale to Det Norske Møbelsenter.

EDB Industry: Business Services Initial investment: 1999 Fund: Fund I

 

Fund I invested in EDB in July 1995. The company was fully exited in June 1999 after a listing on the Oslo Stock Exchange.

Merkantildata Industry: Business Services Initial investment: 1998 Fund: Fund I

 

Fund I invested in Merkantildata in June 1995. The company was fully exited in August 1998 through sale of shares on the Oslo Stock Exchange.

Voice Industry: Consumer Markets Initial investment: 2003 Fund: Fund I

 

Fund I invested in Voice in May 1995. The company was exited in September 2003 to N.O. Sunde AS.

CorrOcean Industry: Oil Services Initial investment: 2000 Fund: Fund I

 

Fund I invested in CorrOcean in December 1994. The company was fully exited in March 2000 after a listing on the Oslo Stock Exchange.

EFD Industry: Engineering & Industrial Products Initial investment: 2007 Fund: Fund I

 

Fund I invested in EFD in June 1994. The company was fully exited through a secondary sale in June 2007.

Selmer Industry: Engineering & Industrial Products Initial investment: 1998 Fund: Fund I

 

Fund I invested in Selmer in February 1994. The company was fully exited in March 1998 after a listing on the Oslo Stock Exchange.

Elkjøp Industry: Consumer Markets Initial investment: 1997 Fund: Fund I

 

Fund I invested in Elkjøp in November 1993. The company was fully exited in May 1997 after a listing on the Oslo Stock Exchange.

Petropark Industry: Oil Services Initial investment: 1999 Fund: Fund I

 

Fund I invested in Petropark in June 1995. The company was sold to a local investor in March 1999.

Pan Fish Industry: Consumer Markets Initial investment: 1999 Fund: Fund I

 

Fund I invested in Pan Fish in November 1995. The company was fully exited in July 1999 after a listing on the Oslo Stock Exchange.

Scanpesca Industry: Consumer Markets Initial investment: 2002 Fund: Fund I

 

Fund I invested in Scanpesca in October 1996. The company was exited in 2002. 

OHI Industry: Oil Services Initial investment: 2007 Fund: Fund I

 

Fund I invested in OHI ASA in December 1997. The company was exited in June 2007 through a secondary sale.

AKVAsmart Industry: Engineering & Industrial Products Initial investment: 2007 Fund: Fund I

 

Fund I invested in AKVAsmart in December 1997. The company was exited in June 2007 through a secondary sale.

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