Norvestor

Established in 1989, Norvestor is a Norwegian private equity firm with offices across the Nordic region. It focuses on investing in medium-sized companies with revenues between €25-250 million, aiming to accelerate growth and enhance profitability through strategic improvements.

Stina Andersson

Partner

Per-Ola Baalerud

Partner

Håvard Berge

Investment Director

Trond Bjørnøy

Partner and Chairman

Sebastian Bugge

Investment Manager

Johannes Eliasson

Investment Manager

Georg Enderlein

Investment Director

Marika Af Enehjelm Ph.D

Partner

Chloé Margrethe Fausa

Associate

Lars Grinde

Managing Partner

Tor Gunnerød

Partner

Jenny Haapa

Associate

Marius Hol

Investment Manager

Annie Ingvarsson

Associate

Martin Kildahl

Investment Manager

Fredrik Korterud

Partner

Outi Kreus

Investment Manager

Kasper Skovgaard Kristensen

Investment Director

Inge Larsen

Investment Director and CFO

Marius Mello

Associate

Anton-Moritz Oliver

Investment Director

Ian Poppelman

Partner

Fredrik Raaum

Partner

Charlotte Wallem Rakner

Investment Manager

Christian Sontum

Partner

Karl Svozilik

Partner

Tara Teymourian

Associate

Peter Tollstadius

Investment Manager

Olav Vik-Mo

COO and Partner

Henning Vold

Partner

Jakob Windolf-Nielsen

Senior Associate

68 past transactions

Wint

Acquisition in 2024
Wint is a full-service agency that specializes in providing comprehensive economic services. The company offers a range of solutions, including assistance with the establishment of new businesses, financial reporting, and the preparation of financial statements. Additionally, Wint provides an automated online accounting service, streamlining financial processes for its clients. By combining traditional accounting practices with modern technology, Wint aims to simplify the financial management process for businesses of all sizes.

Pinja Group

Acquisition in 2021
Pinja Group is an IT company that specializes in providing software development, cloud computing, and business intelligence solutions. The company offers a range of information technology and engineering services tailored for industries such as pulp and paper, energy, and maritime. With a focus on industrial automation and digitalization, Pinja Group aims to enhance production quality for its clients through innovative software solutions and related maintenance services.

BST

Acquisition in 2021
BST is a Nordic full-service provider of active fire protection services with a market leading position in Sweden. BST aims to provide profitable growth through organic expansion while developing and acquiring successful companies in its niche managed by local passionate entrepreneurs.

Envera

Acquisition in 2021
Envera was founded in 2013 to bring smart savings and peace of mind to the housing boards of apartment complexes. While our original focus was on producing energy certificates, we soon noticed that excessive water consumption was a critical issue to many of our customers. Based on that key piece of insight, we revised our offering and started providing water conservation services to our customers. However, it didn’t take us long to realize that infrequent consumption monitoring was costing our customers tens of thousands of euros every year, and since none of the existing monitoring systems reached our standards, we decided to build our own.

Pearl Group

Acquisition in 2020
Pearl is the largest SAP partner in Norway and we primarily deliver SAP technology in business solutions, marketing and e-Commerce. We are certified in AWS and Microsoft Azure in SAP services. The market demands IT solutions that can be implemented quickly and with high quality. With us, you get a strong partner with heavy expertise in technology and business development.

Smart Retur

Acquisition in 2020
Smart Retur provides distributor and logistic solutions of pallet.

PHM Group

Acquisition in 2020
PHM Group provides comprehensive residential and commercial property maintenance services. They offer knowledgeable local experts specializing in real estate maintenance and repair, ensuring clients have a reliable partner for various property needs.

Kabal

Private Equity Round in 2019
Kabal is a developer of logistics software tailored for the energy logistics industry. The company offers a cloud-based multi-tenant platform that enhances planning and communication by efficiently matching resources such as personnel, equipment, materials, and transportation to the requirements of operators. Kabal's solutions encompass a range of services, including planning, management, and performance features, as well as time and activity tracking, project management, cost reporting, and vessel performance solutions. By focusing on the digitalization of energy logistics, Kabal aims to create a unified platform for operators and suppliers, helping clients eliminate costs and reduce lead times.

The North Alliance

Acquisition in 2018
The North Alliance AS is a company based in Oslo, Norway, that specializes in marketing communication, design, and technology services across several countries, including Sweden, Denmark, Poland, and the United States. It offers a wide range of services, including strategic consulting for brand management, advertising, communication, and data-driven marketing. The company focuses on creating cohesive brand experiences and building digital products and platforms. By integrating design and technology, The North Alliance aims to help clients enhance their brand visibility and effectiveness in the digital landscape.

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 Norwegian company, established in 2014 and based in Stavanger, specializing in the construction, sale, and rental of modular buildings. The company primarily serves the oil and gas, shipbuilding, power, road, and public works industries. Wexus Gruppen offers a range of modular prefabricated buildings tailored for both private and public sector clients, including governmental institutions and municipalities. Their products include semi-permanent structures designed to meet the diverse needs of customers, allowing options for purchasing, renting, demobilizing, or reselling.

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 specializing in networking and communication solutions. They offer IT solutions using market-leading technology and highly certified consultants to help businesses achieve their objectives. With a focus on building and delivering solutions for the future, NetNordic provides expertise in designing and implementing innovative networking and communication systems for clients in the Nordic region.

IT Garden

Acquisition in 2016
IT Gården is an IT services outsourcing provider based in southern Sweden, specializing in delivering comprehensive IT support and web hosting services tailored for small and medium-sized enterprises (SMEs). The company offers a range of services, including IT outsourcing, infrastructure management, virtualization, and client platforms, along with related products. IT Gården focuses on providing SMEs with accessible and cost-effective solutions for their IT needs, ensuring an efficient and stable technological environment.

READ Cased Hole

Acquisition in 2016
READ Cased Hole is a specialist provider of downhole well-assurance services for the global oil and gas industry. The company focuses on integrity and production evaluation services, supporting operators and service companies during well construction, production, and intervention operations.

Presserv AS

Acquisition in 2016
Presserv AS specializes in protective coatings and preservation solutions for the industrial sector, particularly serving the energy, renewables, and shipping industries. The company offers a range of products and services, including strategic preservation management, spare part preservation, surface treatments, corrosion inhibitors, thread greases, and end protectors. By providing customized preservation and corrosion protection solutions, Presserv aims to enhance the longevity and reliability of metal components in various industrial applications.

Eneas Group

Acquisition in 2016
Eneas Group AS is a prominent energy services and brokerage provider in Scandinavia, primarily serving small and medium-sized enterprises in Norway and Sweden. Founded in 1995 and based in Drammen, Norway, the company specializes in procuring environmentally friendly electricity and offers a comprehensive suite of services, including energy brokerage, energy auditing, and management solutions. Eneas Group provides metering services, customized smart metering solutions for commercial properties, and tools like ePortal for monitoring energy consumption across real estate portfolios. Additionally, the company operates a call center for sales services and offers VAT auditing. With a client base exceeding 25,000 across various industries, Eneas Group is dedicated to delivering tailored energy solutions that meet the operational needs of its customers.

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 for onshore and offshore settings, including staff restaurants and canteens. Established in 2010, the company has grown rapidly through organic expansion and acquisitions and serves private and public organizations. Its facility management offering covers catering, cleaning and related support at commercial real estate sites, onshore infrastructure camps, and offshore rigs and platforms, delivering tailored services aligned with clients' facilities needs.

Phonero

Acquisition in 2015
Phonero Bedriftsnett is a provider of telecommunications services catering to both small and large enterprises, as well as the public sector. The company offers a comprehensive cloud-based telephone solution that encompasses mobile and IP telephony. Its web-based central system features a modern and intuitive interface, facilitating seamless communication. Phonero's monthly subscription plans include a range of mobile telephony services such as calling, messaging, and data, ensuring that businesses have the necessary tools for effective connectivity and communication.

Permascand

Acquisition in 2015
Founded in Sweden in 1971, Permascand specializes in engineering and manufacturing electrochemical solutions. It offers catalytic coatings, electrochemical cells, water treatment systems, and welded equipment components for various industries, including offshore, process, marine, and renewable energy sectors. The company serves markets globally.

Roadworks

Acquisition in 2015
Roadworks specializes in the operation and maintenance of road-related infrastructure in Norway. It offers a range of services including monitoring and automation, construction, and industry-related services through its group of companies.

PG Group (dba PG Flow Solutions)

Acquisition in 2014
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

Acquisition in 2014
Nomor AB is a Sweden-based company that specializes in pest control, food safety, and sanitation services. Founded in 1997 and located in Stockholm, the company offers a wide range of services including pest extermination, inspection and sanitation of mould and fungi, preventive building inspections for insurance and transaction purposes, as well as cleaning of house surfaces. Nomor is dedicated to ensuring quality and safety in the environment and health sectors through its comprehensive service offerings.

iSURVEY Group

Acquisition in 2013
iSURVEY Group AS is a provider of specialist survey and positioning services that support offshore operations globally. Founded in 2004 and headquartered in Billingstad, Norway, with additional offices in Oslo and Singapore, the company caters to a diverse range of sectors, including oil and gas, renewable energy, and telecommunications. iSURVEY Group offers a variety of services, including positioning solutions for offshore rigs and floating production storage and offloading (FPSO) units, seabed mapping, and marine construction support. Their expertise extends to high precision positioning for rig operations, survey and remotely operated vehicle (ROV) support for anchor systems, and decommissioning projects. The company also offers advanced calibration services for vessel and subsea positioning systems. With a focus on delivering safe and effective solutions, iSURVEY Group plays a critical role in facilitating complex offshore activities.

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 company that specializes in developing and supplying vehicle tracking systems, fleet management software, and equipment control technology tailored for businesses that operate company vehicles. Its offerings include electronic run books, trip logs, and car tracker systems designed to enhance efficiency and reduce operational costs. By leveraging Internet of Things (IoT) solutions, ABAX enables users to monitor their vehicles and equipment effectively, helping to minimize fuel expenditures and mitigate the risk of tax penalties. The company is recognized for its innovative products, which have proven beneficial to a wide range of customers seeking to optimize their fleet operations.

Sortera

Acquisition in 2012
Sortera is Sweden's leading environmental company specializing in waste management. It operates through three business areas: Recycling, Industry, and Trading, offering comprehensive solutions for construction waste disposal.

Crayon Group

Acquisition in 2012
Crayon Group is an information technology services firm delivering software asset management, cloud and volume licensing, and related consulting. It helps organizations gain control over software licenses, optimize purchases, deployment, and utilization, and reduce costs over time. The company provides cloud migration support, artificial intelligence solutions, and advisory services to establish in-house SAM capabilities and coherent license strategies that align user rights with actual usage. Crayon Group serves vendors, hosts, system integrators, and ISVs through direct and channel license offerings and offers economics and processes to enable clients to build ongoing license governance across their IT environments.

Marine Aluminium

Acquisition in 2012
Founded in 1953, Marine Aluminium specialises in engineering, designing, and fabricating aluminium structures for the offshore and shipbuilding industries. With over six decades of experience, they offer a wide range of products including helidecks, gangways, grating systems, HVAC solutions, and safety equipment. The company also provides operational inspection services, non-destructive testing, after-sales support, and project management services.

Aptilo Networks

Private Equity Round in 2011
Aptilo Networks AB is a provider of systems designed to manage mobile data services across Wi-Fi, WiMAX, and 3G/LTE networks. Founded in 2001 and headquartered in Stockholm, Sweden, the company offers a range of solutions including the Aptilo Service Management Platform, which delivers carrier-class mobile data services, and the Aptilo SIM Authentication Server, which facilitates authentication using subscriber credentials from SIM cards. Additionally, Aptilo's offerings encompass the 3GPP AAA+ Server for managing authentication, authorization, and policy control, as well as the Aptilo Policy and Charging Server for policy decisions. The company also provides the Aptilo Service Portal for monitoring and reporting, and the Aptilo Access Controller for access control and policy enforcement in Wi-Fi networks. Aptilo Networks serves various sectors including enterprise, hospitality, healthcare, municipalities, and airports globally, and operates regional offices in Kuala Lumpur, Toledo, Dallas, and Dubai.

Cegal

Acquisition in 2010
Cegal is a technology company that specializes in providing information technology consultancy services primarily to the energy sector, including oil and gas, renewables, and ocean industries. With over 950 employees across nine countries, Cegal focuses on delivering advanced software solutions, expert consulting, and critical cloud services. The company is dedicated to assisting businesses in their digital transformation efforts, with specific expertise in geoscience, cloud and data management, and software development. Cegal aims to play a significant role in shaping the digital future of the energy industry while contributing to the green transition.

APSIS

Acquisition in 2010
APSIS delivers solutions for marketing automation, e-commerce, lead generation, segmentation, and email marketing. With more than 18 years of experience developing measurable and efficient tools that are easy to implement, its goal is to enable marketers to create personal and valuable customer relationships.

ADVANTEC AS

Acquisition in 2010
ADVANTEC AS is a Norwegian company that specializes in designing, manufacturing, supplying, and renting electro- and hydraulic control systems tailored for the oil and gas industry. With a focus on subsea intervention, ADVANTEC provides a range of products including workover control systems, subsea and well control systems, and various related equipment such as hydraulic power units, chemical injection modules, and BOP control units. The company also offers a suite of services encompassing project management, multi-discipline engineering support, installation, testing, maintenance, and calibration. Founded in 2004, ADVANTEC operates from its headquarters in Stord, Norway, and has additional locations in Bergen, Hammerfest, Oslo, Stavanger, Aberdeen in the UK, Klaipeda in Lithuania, Houston in the US, and Rio de Janeiro in Brazil. The firm aims to deliver innovative solutions that enhance efficiency and reduce costs in subsea field development.

Intelecom

Acquisition in 2008
Intelecom is a provider of cloud-based and customer-located communication solutions, operating in Norway, Sweden, Denmark, and the UK. The company specializes in omnichannel contact center services, offering a range of interactions including voice, web chat, email, social media, and SMS. Intelecom tailors its services to meet the specific needs of various industries, such as oil, gas, shipping, hospitality, and mobile services. By combining business expertise with advanced communication technology, Intelecom enables organizations to enhance customer service and engagement through real-time monitoring and detailed analytics.

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 a technology-driven online travel company that specializes in flight technology and travel services. It provides airline tickets, hotel accommodations, and related travel solutions through a global platform that connects travelers with flights and air technology services. The company develops and operates software that supports search, booking, and fulfillment for flights and related products, including meta-search capabilities. Through its platform, Etraveli enables clients to manage large volumes of reservations and visitors with fast, precise tools for planning and executing travel plans.

Johnson Metall

Acquisition in 2007
Johnson Metall is an international supplier and integrated manufacturer specializing in brass and bronze components for the global bearing industry. The company’s production platform incorporates melting, casting, and machining processes, which enhance recycling rates and cost competitiveness. By serving sectors such as energy, mining, forestry, construction, and transportation, Johnson Metall offers comprehensive products with shorter lead times and efficient logistics, positioning itself as a key player in the delivery of high-quality brass bearing cages and other components.

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
Trema Group, founded in 1992 and headquartered in London, specializes in treasury and asset management software tailored for corporations and financial institutions. The company's flagship products, TremaSuite and TremaOne, provide comprehensive solutions that encompass transaction and risk management, cash management, commercial loan management, portfolio and performance management, and accounting. TremaOne is particularly noted for its end-to-end integration and automation capabilities, facilitating a seamless connection across various treasury processes. By offering a modular and open system, Trema Group enables its clients to achieve enhanced visibility, control, and compliance in their treasury and asset management operations. With additional offices in Europe and North America, the company serves a diverse range of blue-chip customers, ensuring they can effectively manage their financial functions across all business areas.

Life Europe AB

Acquisition in 2005
Life Europe AB operates a chain of retail stores across Sweden, Norway, and Finland, focusing on health food, wellness, and lifestyle products. The company aims to support customers in achieving a naturally healthy lifestyle by promoting a balanced approach to diet, exercise, and rest. Its stores offer a diverse range of products, including dietary supplements, health and beauty items, packaged snacks, sports nutrition, and herbal medicines. By providing these products, Life Europe enables consumers to enhance their well-being and maintain a healthier lifestyle.

Odim

Acquisition in 2002
Odim is an international technology company specializing in the development and sale of automated handling solutions for offshore and naval vessels. Its primary products are cable handling systems and winches, catering to specific market niches like seismic, subsea, and offshore supply sectors. Odim holds a leading position in these markets and continues to expand its operations globally.

Secode

Acquisition in 2001
Secode AB is a privately held company specializing in managed security services and security consulting. Based in Northern Europe, they offer round-the-clock security solutions tailored to comply with relevant policies, regulations, and laws. Their comprehensive suite of services includes intrusion detection systems, security administration, secure mobile office solutions, unified data loss prevention strategies, and security information management. Secode primarily serves financial institutions and public offices, empowering these clients to enhance their operational control and insights from an IT security perspective.

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 across Norway, Sweden, and Finland, focusing on providing a diverse range of plants and gardening solutions. Founded in 1986 and headquartered in Kongsvinger, Norway, the company sells flowers, seasonal and indoor plants, as well as garden furniture and various gardening accessories. Its product offerings also include garden care essentials such as soil, fertilizer, and lawn care items, aimed at meeting the needs of customers seeking affordable gardening solutions. Plantasjen's extensive store network allows it to effectively serve the Nordic market.

MMC First Process

Acquisition in 1997
MMC First Process designs and manufactures chilling and freezing machinery for the seafood industry. It specializes in innovative solutions for handling, processing, and cooling of seafood on fishing vessels, live fish carriers, and on-shore plants 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
Trema Group, founded in 1992 and headquartered in London, specializes in treasury and asset management software tailored for corporations and financial institutions. The company's flagship products, TremaSuite and TremaOne, provide comprehensive solutions that encompass transaction and risk management, cash management, commercial loan management, portfolio and performance management, and accounting. TremaOne is particularly noted for its end-to-end integration and automation capabilities, facilitating a seamless connection across various treasury processes. By offering a modular and open system, Trema Group enables its clients to achieve enhanced visibility, control, and compliance in their treasury and asset management operations. With additional offices in Europe and North America, the company serves a diverse range of blue-chip customers, ensuring they can effectively manage their financial functions across all business areas.

Hertz

Acquisition in 1997
Hertz is a global leader in car rental services, operating over 3000 airport locations worldwide. It offers distinctive products like Hertz Gold Plus Rewards, NeverLost navigation systems, and unique vehicle collections. Hertz also owns Donlen Corporation for fleet management and HERC for equipment rentals, serving various industries.

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 specializing in the production and wholesale of seafood products. It offers a diverse range of offerings, including fresh, canned, and frozen fish. The company not only supplies its products domestically but also exports them internationally, catering to a global market for seafood. Aalesundfisk is committed to providing high-quality seafood, establishing itself as a key player in the industry.

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 a diverse range of services across Europe and beyond, with representation on five continents. The company operates in four primary business areas: healthcare, assistance, safety services, and emergency assistance. Its offerings include roadside assistance, home safety packages, health schemes for individuals, and various first aid courses and supplies. Additionally, Falck provides vital prevention, rescue, and assistance services aimed at emergencies, encompassing accident prevention, disease control, and emergency response. Through these services, the company plays a crucial role in delivering timely medical assistance and managing rescue missions for individuals affected by disasters.

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 specializing in furniture and interior design. It operates a chain of furniture stores that provide a diverse range of products, including sofas, beds, study tables, office chairs, armchairs, computer tables, and dining tables. The company focuses on offering quality furnishings that cater to various customer needs and preferences, establishing itself as a significant player in the furniture retail sector.

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 retailer of consumer electronics based in Oslo, Norway. The company provides a wide range of products, including refrigerators, cookers, televisions, cameras, phones, and washing machines. Elkjøp operates both online and through physical retail stores, offering customers various options for purchasing their electronics.
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