Herkules Capital

Herkules Capital is a private equity firm based in Oslo, Norway, founded in 2002. The firm specializes in acquiring majority interests in established businesses primarily within the Nordic region, with a focus on Norway. Herkules Capital targets investment opportunities across various sectors, including energy, consumer goods and retail, healthcare and pharmaceuticals, services, and industrial technology. With a total of approximately NOK 15 billion raised in funds, the firm emphasizes a long-term, industrial approach to ownership, respecting the history and culture of each company it partners with. Herkules Capital has a proven track record of collaborating with existing shareholders to foster growth and enhance the potential of the businesses in which it invests.

Morten Blix

Senior Partner

Krister Hytten Eriksen

CFO

Past deals in Norway

Linas Matkasse

Private Equity Round in 2015
Linas Matkasse is a leading meal kit delivery service based in Sweden, operating across the Nordic region, including Norway, Denmark, and Finland. The company offers a diverse selection of meal kits designed to simplify everyday cooking by delivering inspiring meals directly to customers' homes. With an annual turnover of approximately $170 million, Linas Matkasse is recognized as a significant player in the Scandinavian food tech industry. The company also operates under various brands, including Godtlevert, Adams Matkasse, and RetNemt, further solidifying its presence in the market.

PSW Group

Private Equity Round in 2014
PSW Group is a maintenance and service provider focused on the Norwegian subsea and drilling industries. The company delivers both offshore and onshore services, specializing in maintenance and engineering for critical subsea and drilling equipment. By offering comprehensive solutions related to subsea, topside, and drilling components, PSW Group enables its clients in the global drilling sector to meet industry demands efficiently and safely.

Elektroimportøren AS

Venture Round in 2014
Elektroimportøren AS is a company based in Oslo, Norway, that specializes in the wholesale and retail distribution of electrical goods. Established in 1994, it provides a wide range of products to meet the needs of both consumers and businesses in the electrical sector.

Elektroimportøren AS

Acquisition in 2014
Elektroimportøren AS is a company based in Oslo, Norway, that specializes in the wholesale and retail distribution of electrical goods. Established in 1994, it provides a wide range of products to meet the needs of both consumers and businesses in the electrical sector.

Petroleum Technology Company

Private Equity Round in 2013
Petroleum Technology Company AS specializes in designing, manufacturing, and supplying well completion and wellhead equipment for the oil production industry. The company offers a comprehensive range of products, including gas lift equipment, chemical injection systems, wellhead safety valves, jet pumps, and various completion tools. These products are utilized in applications such as gas lifting, chemical injection, annulus pressure management, and well circulation during completion and workover operations. Additionally, Petroleum Technology Company provides design and installation services for gas lift, jet pump, and chemical injection systems, as well as offshore services. Founded in 2002 and headquartered in Stavanger, Norway, the company also has offices in Aberdeen, Houston, Rio de Janeiro, Abu Dhabi, and Saudi Arabia, enabling it to serve a global client base effectively.

Harding Safety

Venture Round in 2013
Harding Safety AS is a manufacturer and supplier of marine life-saving systems, operating both in Norway and internationally. Established in 1928 and headquartered in Seimsfoss, Norway, the company specializes in lifeboats for the offshore and shipping industries, as well as rescue boat systems designed for various marine applications, including merchant and passenger vessels. Its product range includes ship and rig davits, sea cure hooks, raft and rescue boat hooks, and winches, alongside comprehensive services such as inspection, maintenance, refurbishments, and training. Harding Safety AS also provides spare parts to support its equipment. The company has production facilities across Europe, Asia, and the United States, and became a subsidiary of PALFINGER's marine business in 2016, following its rebranding from Umoe Schat-Harding Services Norway AS in July 2013.

Petroleum Technology Company

Acquisition in 2013
Petroleum Technology Company AS specializes in designing, manufacturing, and supplying well completion and wellhead equipment for the oil production industry. The company offers a comprehensive range of products, including gas lift equipment, chemical injection systems, wellhead safety valves, jet pumps, and various completion tools. These products are utilized in applications such as gas lifting, chemical injection, annulus pressure management, and well circulation during completion and workover operations. Additionally, Petroleum Technology Company provides design and installation services for gas lift, jet pump, and chemical injection systems, as well as offshore services. Founded in 2002 and headquartered in Stavanger, Norway, the company also has offices in Aberdeen, Houston, Rio de Janeiro, Abu Dhabi, and Saudi Arabia, enabling it to serve a global client base effectively.

Harding Safety

Acquisition in 2013
Harding Safety AS is a manufacturer and supplier of marine life-saving systems, operating both in Norway and internationally. Established in 1928 and headquartered in Seimsfoss, Norway, the company specializes in lifeboats for the offshore and shipping industries, as well as rescue boat systems designed for various marine applications, including merchant and passenger vessels. Its product range includes ship and rig davits, sea cure hooks, raft and rescue boat hooks, and winches, alongside comprehensive services such as inspection, maintenance, refurbishments, and training. Harding Safety AS also provides spare parts to support its equipment. The company has production facilities across Europe, Asia, and the United States, and became a subsidiary of PALFINGER's marine business in 2016, following its rebranding from Umoe Schat-Harding Services Norway AS in July 2013.

Stamina Group

Acquisition in 2011
Stamina Group AS, based in Oslo, Norway, specializes in occupational health services (OHS) across Norway and Sweden. Established in 2001, it has become a leading provider in Norway and the second largest in Sweden, offering a comprehensive range of services that includes full-scale training centers and treatments for muscular and skeletal disorders, as well as lifestyle-related diseases through its private hospital, NIMI. The company emerged from the merger of Hjelp24 and Friskhuset, along with the OHS company Avonova in Sweden. Stamina Group has expanded its presence through various acquisitions in the OHS and fitness sectors, enhancing its ability to provide integrated health management support to its clients.

Baneservice

Venture Round in 2011
Baneservice is a contractor specializing in machine and contractor services for the railroad industry in Scandinavia. The company focuses on constructing and maintaining telecommunications, signaling, and catenary networks, providing a range of services such as contact wire installation, tracing, mechanical track maintenance, and engineering solutions. With its headquarters located in Lysaker, Baneservice employs approximately 300 people and reported revenue of NOK 662.7 million in 2015. The company is owned by the Ministry of Trade and Fisheries, emphasizing its commitment to supporting the infrastructure of the rail sector.

Projectiondesign

Acquisition in 2009
Projectiondesign is a Norwegian company specializing in the design, manufacture, and marketing of high-performance projectors tailored for both professional and consumer applications. The company caters to a diverse range of markets, including scientific visualization, simulation, medical imaging, e-cinema, public displays, and home cinema. Its products are utilized in various sectors such as business presentations, post-production, and broadcasting, ensuring high-resolution performance that meets the needs of its customers in both domestic and industrial settings.

Projectiondesign

Private Equity Round in 2009
Projectiondesign is a Norwegian company specializing in the design, manufacture, and marketing of high-performance projectors tailored for both professional and consumer applications. The company caters to a diverse range of markets, including scientific visualization, simulation, medical imaging, e-cinema, public displays, and home cinema. Its products are utilized in various sectors such as business presentations, post-production, and broadcasting, ensuring high-resolution performance that meets the needs of its customers in both domestic and industrial settings.

Maarud

Venture Round in 2008
Maarud is a prominent manufacturer of salted snacks based in Disenå, Norway, and is part of the Estrella Maarud group, which also includes the brands Estrella and Taffel. The company has established a strong market presence in the Nordic and Baltic regions, offering a diverse range of salted snack products. Maarud and Estrella are particularly well-known in their home markets of Norway and Sweden, respectively. The group’s headquarters is located in Oslo, while Estrella AB operates from Gothenburg. Manufacturing facilities for the Nordic operations are situated in Disenå, Norway, and Angered, Sweden, with the Baltic segment managed from Kaunas, Lithuania.

Nevion

Venture Round in 2008
Nevion is a Norwegian company based in Lysaker that specializes in video signal processing and transportation equipment. With over 20 years of experience, it focuses on designing, developing, deploying, and supporting software-defined technologies that facilitate virtualization in media production. Nevion's solutions are crucial for broadcasters, telecom service providers, governmental agencies, and various other industries, enabling them to achieve mission-critical, real-time media transport and processing. By providing these advanced technologies, Nevion helps its customers enhance their agility, productivity, and competitiveness in an ever-evolving media landscape.

Hatteland Display

Venture Round in 2007
Hatteland Display is a leading manufacturer of advanced displays for the maritime sector. The company offers robust, challenging, and long-lasting displays for the maritime industry. Commercial shipping, mega yachts, and military/defense are important sectors. Hatteland Display provides goods to a market where dependability and quality are crucial. The business has maintained a steady focus on high-quality items, which has given it a solid position in this market. The vast majority of Hatteland Display's goods are shipped outside of Norway. The top and most demanding system integrators and system providers in the maritime industry are on the list of clients. Hatteland Display is headquartered at Nedre Vats outside Haugesund in Norway, where it also has its manufacturing facilities.

Beerenberg

Private Equity Round in 2006
Beerenberg AS, headquartered in Bergen, Norway, is a leading provider of services and solutions to the oil and gas industry, both in Norway and internationally. The company, through its subsidiaries, offers a wide range of services including newbuild, maintenance, and modification work. Its core offerings encompass insulation, scaffolding, surface treatment, passive fire protection, technical cleaning, architectural outfitting, and cold cutting/mobile machining services, along with habitat solutions and rope access techniques. Beerenberg AS also designs, manufactures, and delivers a variety of insulation and fire protection products, catering to the entire life cycle of oil and gas fields, from initial studies to maintenance and lifetime extensions.
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