Norvestor

Norvestor is a private equity firm based in Oslo, Norway, established in 1989. With additional offices in Sweden, Finland, and Luxembourg, the firm focuses on mid-market investments in Nordic companies, typically generating revenues between €25 million and €250 million. Norvestor aims to accelerate growth and enhance sustainable profitability by improving the strategic positioning of its portfolio companies. The firm's investment sectors include engineering, technology, food and beverages, consumer markets, information technology, telecommunications, industrial products, maritime equipment, oil services, power and energy, retail, materials, healthcare equipment, and various business services.

Stina Andersson

Partner

Per-Ola Baalerud

Partner

Håvard Berge

Senior Associate

Trond Bjørnøy

Partner and Chairman

Sebastian Andersen Bugge

Senior Associate

Johannes Eliasson

Associate

Georg Enderlein

Investment Director

Marika af Enehjelm

Partner

Rebecca Farr

Investor Relations Manager

Lars Grinde

Managing Partner

Tor Gunnerød

Partner

Peter Hedberg

Associate

Marius Hol

Associate

Jonas Kaldahl

Senior Associate

Martin Kildahl

Senior Associate

Fredrik Korterud

Partner

Outi Kreus

Associate

Kasper Skovgaard Kristensen

Investment Director

Henning Krohnstad

Investment Manager

Inge Larsen

Partner

Kim Lehmusvuori

Associate

Marie Øymyr Moe

Investment Manager

Ian Poppelman

Senior Associate

Fredrik Raaum

Investment Manager

Charlotte Wallem Rakner

Investment Manager

Rebecca Schau

Investor Relations Manager

Waseem Shad

Investment Manager

Christian Sontum

Partner

Are Stenberg

Investment Director

Rolf Straume

Partner

Karl Svozilik

Partner

Lauri Tanskanen

Associate

Alf Metelius Thiel

Investment Director

Peter Tollstadius

Investment Manager

Olav Osland Vik-Mo

Chief Operating Officer & Partner

Henning Vold

Partner

64 past transactions

SmartRetur

Acquisition in 2020
SmartRetur Norge AS specializes in the distribution and logistics of wood pallets and containers. The company offers a range of products, including A-pallets, B-pallets, C-pallets, half-pallets, disposable pallets, and pallet frames. In addition to its core distribution services, SmartRetur provides packaging, warehousing, and logistics solutions, including a fleet of trucks for pallet transportation. Founded in 2001 and based in Langhus, Norway, the company has expanded its presence with multiple offices across Sweden, Norway, and Denmark. SmartRetur is committed to enhancing reverse logistics for reusable packaging, helping clients reduce costs and minimize their environmental impact through efficient handling, trading, transport, and storage services.

PHM Group

Acquisition in 2020
PHM Group offers customers a knowledgeable local expert in all property maintenance services.

Wellit

Private Equity Round in 2019
Wellit AS operates as a software company that develops solutions for the oil and gas industry. The company was founded in 2011 and is based in Stavanger, Norway.

The North Alliance

Acquisition in 2018
The North Alliance AS, through its subsidiaries, provides marketing communication, design, and technology services in Norway, Sweden, Denmark, Poland, and the United States. It offers services in the areas of design and technology, communication, action marketing and CRM, and digital strategy and innovation. The company also provides digital advertising agency services. The North Alliance AS is based in Oslo, Norway.

Sperre

Acquisition in 2018
Sperre is a supplier of starting-air compressor systems for vessels. The company has a long-standing history in the global oil and gas and maritime industries with roots back to 1938. The company has an efficient and modern manufacturing facility featuring a high degree of automation and robotization.

Wexus Gruppen

Acquisition in 2017
Wexus Gruppen AS is a privately owned Norwegian company with a main focus on sales and rental of modular buildings in the oil industry, shipbuilding, power industry, road, and construction industry. The Wexus Group currently has capacity for all modules within modular buildings, whether the customer is buying, renting, demobilizing or perhaps selling own brackets.

Nordic Camping & Resort

Acquisition in 2017
Nordic Camping & Resort is a privately held campsite operator company that provides a range of amenities for its guests including; pitches for caravans.

NetNordic

Acquisition in 2017
NetNordic is a Nordic løsningsintegrator specialized in networking and communication solutions. NetNordic build and deliver IT solutions for the future. Using market-leading technology and highly certified IT consultants, It can help you achieve your business objectives.

IT Garden

Acquisition in 2016
IT Gården is a IT services outsourcing provider to SMEs in southern 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.

READ Cased Hole

Acquisition in 2016
READ’s expertise is dedicated to production and integrity evaluation. They provide you with the high-value well intelligence you require to make qualified decisions about your wells, quickly. These facts are crucial to managing expected well performance, unwelcome surprises and the long-term economics of the asset. They know the stakes are always high in well integrity and production. That’s why They will work with you to understand the needs of every job, ensuring They provide clear, concise and understandable evaluation information, designed to minimise risk, maximise safety and deliver profitability.

Presserv

Acquisition in 2016
Presserv AS is a company that specializes in protective coatings and corrosion protection products and services for the industrial sector, particularly in the energy, renewables, and shipping industries. The company offers a range of solutions, including strategic preservation management, spare part preservation, surface treatments, corrosion inhibitors, thread greases, and end protectors. By providing customized preservation and corrosion solutions, Presserv aims to meet the specific needs of its clients, ensuring the longevity and reliability of their assets.

Eneas Group

Acquisition in 2016
The Eneas Group is one of Scandinavia’s leading players in energy services and brokerage. They create values for more than 25,000 clients in industry, business and agriculture.

Hydra Well Intervention

Acquisition in 2016
HydraWell is an oil and gas services company focusing on well integrity. The company was founded in 2008 and offers products and services within P&A, well repair and infilling. It employs a staff of 25 and had NOK 83m of revenues in 2015.

4Service

Acquisition in 2015
4Service is a provider of contract catering, cleaning, and soft facility management services. Its goal is to be the most attractive service company within staff restaurant, canteen, cleaning and catering services offshore and onshore. S Since the establishment of 4service in 2010, it has grown rapidly both organically and through acquisitions.

Phonero

Acquisition in 2015
Phonero AS provides cloud based telephony solutions. The company was founded in 2008 and is based in Kristiansand, Norway. As of April 10, 2017, Phonero AS operates as a subsidiary of Telia Company AB.

Permascand

Acquisition in 2015
Permascand AB is an engineering and manufacturing company across the business areas of electrochemical process technology, water treatment systems and welded equipment & components.

Roadworks

Acquisition in 2015
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. It consists of companies with specialist expertise in the operation and maintenance of roads, as well as services related to construction, construction, and industry.
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.

Nomor AB

Acquisition in 2014
Nomor AB provides pest control, food safety, and house inspection and sanitation services. It constitutes 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. The company was founded in 1997 and is based in Sweden.

Future Production AS

Acquisition in 2013
Future Production AS is a prominent supplier of custom-designed equipment and solutions for the onshore and offshore industries. Established in 1999 and based in Kristiansand, Norway, the company specializes in a wide range of products, including pipe handling systems, cranes, access equipment, and various handling solutions for blowout preventers and risers. Additionally, Future Production offers reels, winches, skids, and trolleys, along with services such as overhaul, classification, spare parts, and after-sales support. Its reputation as a multidisciplinary supplier highlights its commitment to meeting the diverse needs of the offshore drilling sector.

iSURVEY

Acquisition in 2013
iSURVEY offers specialist survey and positioning services to support professional offshore operations internationally. It supports a range of offshore activities, including marine construction projects, rig and mooring operations, and seabed survey services.

Robust Ståldörrar

Acquisition in 2013
Robust Ståldörrar specialises in production and sale of security and fire steel doors, with a cost leading manufacturing facility.

ABAX

Private Equity Round in 2012
ABAX is a developer and supplier of vehicle tracking systems, fleet management software, and equipment control technology tailored for businesses operating company vehicles. The company provides user-friendly electronic run books and project management software, allowing users to enhance efficiency and reduce operational costs. ABAX's innovative solutions leverage the Internet of Things (IoT) to help clients minimize fuel expenses and mitigate the risk of tax penalties. With a strong reputation for quality, ABAX has successfully supported numerous customers in optimizing their vehicle management and control processes.

Sortera

Acquisition in 2012
SORTERA is the environmental company which through its 3 business areas (Recycling, Industry and Trading) is the leading and most specialized player in construction / waste disposal in Sweden.

Crayon

Acquisition in 2012
Crayon Group Holding ASA is an IT advisory company specializing in software and digital transformation services. It operates through various segments, including Software & Cloud Direct, Software & Cloud Channel, Software & Cloud Economics, and Consulting. The company provides comprehensive services such as license management, Software Asset Management (SAM) as a Service, and SAM-iQ, which enables clients to manage their software and technology assets efficiently. Crayon also offers software and cloud economic services, deployment planning, and consulting in cloud architecture, security, and infrastructure management. Additionally, the company provides managed services for license lifecycle management and project management, along with training and development programs for IT professionals. With a strong presence in Europe and operations extending to the Asia-Pacific, Middle East, Africa, and the United States, Crayon aims to enhance clients’ return on investment while ensuring optimal management of software licenses. The firm has established a strategic collaboration with Amazon Web Services to further bolster its service offerings. Crayon is headquartered in Oslo, Norway.

Marine Aluminium AS

Acquisition in 2012
Marine Aluminium AS (MA) is one of the world’s leading companies within engineering, design and fabrication of aluminium structures and products for the offshore and shipbuilding industry. MA has more than 60 years experience working with aluminium, with particular competence in the fields of material technology, extrusion tooling and welding techniques.

Aptilo Networks

Private Equity Round in 2011
Aptilo Networks is a leading provider of systems to manage mobile data services for Wi-Fi, WiMAX and 3G/LTE networks, including mobile data offloading. Aptilo’s carrier-class solutions boast pre-integrated authentication, policy control and charging functions to maximize the capabilities of the wireless network and fast-track deployments while minimizing impact on existing systems. They feature a multitude of interfaces and APIs for seamless integration to external systems of choice. Aptilo’s solutions are delivered as software licenses, or as a hosted, cloud-based service using the Aptilo Managed Service™ from one of our many regional data centers located worldwide, or handled remotely by Aptilo’s experts from servers at the customer premises. With proven interoperability with all leading vendors in the wireless ecosystem, Aptilo’s solutions are currently in operation in more than 60 countries.

Aptilo Networks

Acquisition in 2011
Aptilo Networks is a leading provider of systems to manage mobile data services for Wi-Fi, WiMAX and 3G/LTE networks, including mobile data offloading. Aptilo’s carrier-class solutions boast pre-integrated authentication, policy control and charging functions to maximize the capabilities of the wireless network and fast-track deployments while minimizing impact on existing systems. They feature a multitude of interfaces and APIs for seamless integration to external systems of choice. Aptilo’s solutions are delivered as software licenses, or as a hosted, cloud-based service using the Aptilo Managed Service™ from one of our many regional data centers located worldwide, or handled remotely by Aptilo’s experts from servers at the customer premises. With proven interoperability with all leading vendors in the wireless ecosystem, Aptilo’s solutions are currently in operation in more than 60 countries.

Cegal

Acquisition in 2010
Cegal AS, based in Stavanger, Norway, specializes in providing centralized IT operations with a focus on Software as a Service and consulting services. The company offers information technology consultancy to various sectors, including oil and gas, renewables, and ocean industries. Cegal provides onsite IT infrastructure services and support for both short and long-term projects. With expertise in geoscience, cloud and data management, and software development, the company assists businesses in their digital transformation efforts.

APSIS

Acquisition in 2010
APSIS is a company that specializes in marketing automation, e-commerce, lead generation, segmentation, and email marketing solutions. With over 18 years of experience, APSIS aims to provide marketers with tools that foster personal and meaningful customer relationships. One of its flagship products, Apsis Newsletter Pro, is the most widely used email marketing tool in Northern Europe, serving more than 5,000 businesses across over 40 countries. This user-friendly platform offers robust features for creating, sending, and tracking email campaigns, allowing clients to concentrate on their content and enhance their email marketing success.

ADVANTEC AS

Acquisition in 2010
Advantec is a provider of subsea intervention equipment and services. Advantec is a supplier of electro-hydraulic Installation & Workover Control Systems (IWOCS) and associated life-of-field service for the global subsea industry, and offers a solution to an industry which seeks smarter methods to reduce the cost of subsea field development. Since 2010, the private equity fund Norvestor V L.P. has been the majority owner of Advantec. www.advantecgroup.com

Intelecom

Acquisition in 2008
Intelecom is a provider of cloud-based and customer-located communication solutions tailored to the specific needs of businesses. Operating primarily in Norway, Sweden, Denmark, and the UK, the company offers omnichannel contact center services that encompass voice, web chat, email, social media, and SMS interactions. These services facilitate real-time monitoring and deliver detailed statistics, enabling industries such as oil, gas, shipping, hospitality, and mobile services to enhance customer engagement and improve service quality. By integrating advanced communication technology with a deep understanding of various business sectors, Intelecom ensures that its solutions effectively support customer relationships.

Wema

Acquisition in 2008
Wema is a global market leading supplier of high-quality diesel and AdBlue level sensors to the heavy truck industry.

RenoNorden

Acquisition in 2008
RenoNorden is a private waste collection and transportation company providing services to over five million people.

Nordic Vision Clinics

Acquisition in 2007
Nordic Vision Clinics is a privately held company that offers laser eye surgery services.

Etraveli

Acquisition in 2007
Etraveli is an Online Travel Agent in the Nordic region, offering a wide range of airline tickets, hotel accommodations, and other travel related services. It operates in 46 countries on 5 continents through brands such as Supersaver/Supersavertravel, Gotogate, and Travelstart. In Sweden, the company also operates the price comparison website Flygresor.se. With a booking value of over 10 billion SEK in 2015, Etraveli is one of Europe’s three largest air-centric Online Travel Agents.

Johnson Metall

Acquisition in 2007
Johnson Metall is an international supplier and integrated manufacturer of brass and bronze components to the international bearing industry.

ELIXIA Nordic ASA

Acquisition in 2006
ELIXIA Nordic ASA is a privately held company that owns and operates health and fitness club.

SCAN Geophysical

Acquisition in 2005
SCAN Geophysical is a privately held company that provides marine streamer seismic and ocean bottom cable seismic services.

Panorama Gruppen

Acquisition in 2005
Panorama is the company in the Norwegian jewellery industry with activities ranging from sourcing and product design to retail outlets.

Trema Group

Venture Round in 2005
As of July 31, 2006, Trema Group was acquired by Wall Street Systems Delaware, Inc. Trema Group provides treasury and asset management software for corporations and financial institutions. It offers TremaSuite, a versatile treasury and asset management suite that includes transaction and risk management, cash management, commercial loan management, portfolio and performance management, and accounting modules; and TremaOne, which combines breadth of treasury functionality with end-to-end integration and automation capabilities, as well as covers various processes ranging from cash management to dealing, risk management, and accounting. The company was founded in 1992 and is headquartered in London, the United Kingdom with additional offices in Europe and North America.

Life Europe AB

Acquisition in 2005
Life Europe AB operates a chain of retail shops that offer health food, wellness, and lifestyle products. Its mission is to helps customers to be naturally healthy by finding a balance between diet, exercise, and rest.

ODIM

Acquisition in 2002
ODIM is an international technology group that develops and sells automated handling solutions. These primarily consist of cablehandling systems and winches for use on offshore and naval vessels. The group is expanding strongly and has a leading position today in selected market niches such as seismic, subsea and offshore supply.

Secode AB

Acquisition in 2001
Secode AB is a privately held company and a provider of managed security and security consulting services.

Scribona

Acquisition in 1999
Scribona is a privately held company that provides wholesale distribution of computer peripheral equipment, and computer software.

Component Software

Acquisition in 1999
Component Software is the Scandinavian provider of software solutions and services within EIM

Sonans Privatgymnas

Acquisition in 1999
Sonans Privatgymnas is a privately held company that includes the operation of colleges and universities. Sonans was founded in 1989 to offer education services to Private Candidates for their Norwegian Upper Secondary Schools exams. These candidates largely consist of students who need to improve their grades or broaden their curriculum in order to enable them to enter the higher education of their choice. Sonans offer both classroom and web based courses.

Point

Acquisition in 1998
Point is the leading provider of multichannel electronic payment solutions in Europe focusing on payment services to merchants. Point installations handle 10 million transactions per day, and the Point Group provides service to approximately 630,000 payment terminals. Customers include some of the largest retail companies in Europe, as well as small independent stores and online merchants. Point has more than 800 employees and a local presence in Denmark, Estonia, Finland, France, Iceland, Ireland, Latvia, Lithuania, Norway, Sweden and the UK.

Plantasjen

Acquisition in 1998
Plantasjen AS operates a chain of garden superstores in the Nordic region, specifically in Norway, Sweden, and Finland. Founded in 1986 and headquartered in Kongsvinger, Norway, the company specializes in a diverse range of products including flowers, indoor and outdoor plants, garden furniture, and various gardening accessories such as soil and fertilizers. By providing a comprehensive assortment of gardening solutions, Plantasjen aims to meet the needs of customers looking for affordable options for their gardening and home decoration projects. The company sells its products through a wholly owned network of stores, ensuring a consistent retail experience for its clientele.

MMC First Process

Acquisition in 1997
MMC First Process is a privately held company that designs and manufactures chilling and freezing machinery. It delivers innovative solutions for handling, processing, and cooling of seafood on fishing vessels, live fish carriers and on-shore plants. The company is located in several locations in Norway with representation in all major markets worldwide.

Bjørge ASA

Acquisition in 1997
Bjørge ASA is a privately held onshore and offshore oil and gas and Marine software engineering and maintenance company.

Trema Group

Acquisition in 1997
As of July 31, 2006, Trema Group was acquired by Wall Street Systems Delaware, Inc. Trema Group provides treasury and asset management software for corporations and financial institutions. It offers TremaSuite, a versatile treasury and asset management suite that includes transaction and risk management, cash management, commercial loan management, portfolio and performance management, and accounting modules; and TremaOne, which combines breadth of treasury functionality with end-to-end integration and automation capabilities, as well as covers various processes ranging from cash management to dealing, risk management, and accounting. The company was founded in 1992 and is headquartered in London, the United Kingdom with additional offices in Europe and North America.

Hertz

Acquisition in 1997
Hertz is a leading provider of vehicle rental and leasing services, operating through multiple segments including U.S. Rental Car, International Rental Car, and All Other Operations. The company offers a diverse fleet of cars, vans, crossovers, and light trucks under various brands such as Hertz, Dollar, and Thrifty, with approximately 12,400 locations worldwide, including over 1,700 airport sites in the U.S. Hertz caters to both business and leisure customers, providing rental options on an hourly, daily, and long-term basis. Additionally, the company offers value-added services, vehicle leasing, fleet management, and a range of operational support services like vehicle maintenance and telematics. Hertz also owns Hertz Equipment Rental Corporation, which serves various sectors by providing equipment rental and sales. Founded in 1918 and headquartered in Estero, Florida, Hertz filed for voluntary reorganization under Chapter 11 in May 2020.

Webcenter Unique

Acquisition in 1997
Webcenter Unique is a privately held company provides software solutions to its customers.

Prepan Coldstore Contracting

Acquisition in 1997
Prepan Coldstore Contracting is a privately held company that operates in engineering and industrial products industry.

Scanpesca

Acquisition in 1996
Scanpesca is a privately held company that operates in the sector of fish trade including stockfish, klippfish, and wet salted fish.

Aalesundfisk

Acquisition in 1996
Aalesundfisk is a privately held company that supplies and exports seafood products.

Synnove

Acquisition in 1996
Synnove is a privately held company that operates the production and sale of gulost, brunost and prim.

Pan Fish

Acquisition in 1995
Pan Fish is a privately held company that provides atlantic salmon smolt production, harvesting, packing and selling services.

Falck

Acquisition in 1995
Falck A/S is a Nordic-based organization engaged in various emergency and safety services across Europe and on five continents. The company operates in four main business areas: healthcare, assistance, safety services, and emergency assistance. Falck provides accident prevention, disease control, and emergency response services, along with conducting rescue missions for individuals affected by disasters. Its focus is on ensuring that clients receive prompt medical assistance during emergencies.

Kvatro Telecom

Acquisition in 1995
Kvatro Telecom is a privately held company that provides of telecoms products and consulting services.

Skeidar

Acquisition in 1995
Skeidar is a privately owned company in furniture and interior.

Corrocean Srl

Acquisition in 1994
Corrocean is a company specialized in the supply of corrosion monitoring instrumentation offering a complete range of products and services.

Elkjøp Norge

Acquisition in 1993
Elkjøp Norge is a privately held retails consumer electronics company. The company offers its goods through online and retail stores.