LINK Mobility Group ASA has completed the acquisitions of Labyrintti group of companies, Whatever Mobile group of companies and Linus AS

The annual review conducted by the International Financial Law Review (IFLR), was published Wednesday the 19th of October. Aabø-Evensen & Co is once again recognized as a leading law firm in the field of M&A.

Clients praise the firm overall for its work. “It is a leading law firm with strong professionalism skills and good commercial understanding,” says one. “I can highly recommend Aabø-Evensen & Co.”

In addition, Ole Kristian Aabø-Evensen is ranked as a leading lawyer and is extremely capable at M&A work. He is described by a client as “a trusted cooperative” who “combines high professionalism with strong negotiation skills and good commercial understanding”.

IFLR provides tiered rankings of the leading financial and corporate law firms for different regions, markets and practice areas, accompanied by analysis of the market trends and the business environment.

To view the review in its entirety, please visit http://www.iflr1000.com

Aabø-Evensen & Co acts as legal advisor to LINK Mobility Group ASA in connection with a NOK 200 million private placement and secondary sale of shares

LINK Mobility Group ASA ("LINK") has completed a transaction comprising a NOK 100 million private placement and sale of 616,782 existing shares in a secondary sale on behalf of certain shareholders at a price per share of NOK 150 (the “Transaction”). LINK will use the net proceeds from the private placement will to finance further acquisitions in accordance with LINK's announced growth targets for 2018.

LINK intends to submit an application to Oslo Børs whereby it will request for a transfer of the listing of the Company's shares from Oslo Axess to Oslo Børs with the intention that such transfer will take place by end -December 2016.

Aabø-Evensen & Co has acted as legal advisor to LINK in connection with the Transaction and will assist LINK’s contemplated transfer of listing from Oslo Axess to Oslo Børs.

Click here to be redirected to the Stock Exchange Notice published yesterday.

Ultimax Holding AS has acquired Minimax Maskinutleie AS and Hymax AS

Ultimax Holding AS (Ultimax) has completed its acquisition of Minimax Maskinutleie AS and Hymax AS (the Companies) from Multimax AS.

Aabø-Evensen & Co assisted Ultimax in the acquisition process. Ultimax will further develop the Companies in the Norwegian market for sale and hiring out of construction machines. As part of the transaction the seller, Multimax AS has made a re-investment in Ultimax and will thus contribute to the further development of the group.  

NRC Group to acquire Railcap for enterprise value of NOK 48 million

Aabø-Evensen & Co acted as legal advisor to NRC Rail Group AS, a wholly owned subsidiary of NRC Group ASA  ("NRC Group" or the "Company") in connection with its acquisition of Railcap AS ("Railcap"), a rail signaling specialist contractor in Norway which carries out railway installations, test and commissioning, construction and design. NRC Group will acquire 100% of the shares in Railcap for an enterprise value of NOK 48.0 million (EUR 5.13 million) as per 31 December 2015. The acquisition will be financed by payment in cash of approximately NOK 28.8 million and by the issuance of 366,879 new shares in the Company (the "Consideration Shares"). The Consideration Shares will be subject to a lock-up period of 18 months. The shareholders of Railcap have guaranteed a minimum EBT in 2016 of NOK 6.1 million.

The acquisition will significantly strengthen the NRC Group’s signalling resources and strengthen the Company's market position in general. Furthermore, the acquisition will enable NRC Group to undertake larger projects where signalling work is a vital and integrated part going forward.

To view NRC Group’s stock exchange notice published 20 May 2016, please visit http://www.nrcgroup.no/investor-relations/notifications/ or newsweb.no (full disclosure).

Aabø-Evensen & Co acted as legal advisor in connection with Coresec Systems’ acquisition of Gateway Security AS

Aabø-Evensen & Co acted as legal advisor to the collective shareholder group of Gateway Security AS (Gateway), a leading provider of cybersecurity in Norway, on its sale to Coresec Systems (Coresec)- a market leader in delivering cybersecurity and networking solutions and services in the Nordics.

–  Our strategy is to become the European cybersecurity leader. In that perspective Gateway is a perfect match. To enter the Norwegian market was something we wanted to do for some time now. Even more importantly, Gateway’s dedication to cybersecurity and focus in terms of competence, quality in delivery and customer care are very impressive and also share the same origins as Coresec’s corporate culture. This consensus will give us the momentum to move fast and secure that our common customers benefit from this acquisition from day one.

With this acquisition we can take a number of our offers to the next level. Gateway Security adds know-how with regards to many of our vendors. Especially our Check Point services and solutions now stand out, not only in the Nordics, but on a European level says Johan Andersson, CEO Coresec.

Click here to be redirected to Coresec’s press release

Aabø-Evensen & Co acted as legal advisor for Canica AS in connection with the acquisition of three real estate properties in central Oslo

Aabø-Evensen & Co acted as legal advisor for Canica Eiendom AS, a wholly owned subsidiary of Canica AS (Canica) in connection with its acquisition of Kongensgate 12 AS from Alliance i Sentrum AS.

In a parallel transaction, Canica further acquired Kirkegaten 5 AS and Kongensgate 12 B AS from the German real estate company STEG Europa Immobilien Gmbh. All three acquisitions were completed in February 2016, and will further strengthen Canica’s growing real estate Portfolio.

Click here to be redirected to Canica's website. 

Aabø-Evensen & Co acted as legal advisor for Goodtech ASA in the sale of Goodtech Products AS to Addtech Nordic AB

Addtech Nordic AB, a business unit in the Addtech Group, has completed its acquisition of Goodtech Products AS.

Goodtech Products delivers products, solutions and services in the field of automation to the Norwegian industry and the public sector. The company represents leading suppliers in the field of automation and industrial communication.

Goodtech Products will very effectively complement Addtech's current operations in the business unit Addtech Components Norway. The Company has 23 employees and sales of around NOK 85 million.

CEO of Goodtech Products Eiliv Elvebakk has the following comment: This is a day of joy and an important step for our continued commitment is in place. With Addtech as a strong and long-term owner and Rockwell Automation in front for our suppliers, we are ready for new adventures together with our customers.

To be redirected to the stock exchange notice, please click here (in Norwegian).