Norvestor VII L.P. (“Norvestor”), a fund managed by Norvestor Equity AS, has signed an agreement to invest in Eneas Group AS (“Eneas”)
Eneas is a leading independent energy intermediary for SMEs in the Norwegian and Swedish electricity markets. The Company offers its customer base of approximately 20,000 SMEs active energy procurement services, usually only available 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. In 2016, Eneas also expanded organically into Finland, a market with similar characteristics as the Norwegian market. Eneas is experiencing strong growth and generated pro-forma sales of NOK 478 million in 2015, and has 170 employees.