What are the most common types of private equity transactions in Norway? What is the current state of the market for these transactions? Is there any changes in the types of private equity transactions being implemented in the last two to three years?
Leveraged buyout transactions of private targets dominated the Norwegian PE transaction volume in 2017, representing 56.1% of the total PE transactional volume in Norway that year. The total Norwegian M&A-market experienced a significant improvement in volume and total reported deal value in 2017 compared with 2016, and the Norwegian PE market observed a 54.7% increase in reported volume compared with 2016. For deals involving private equity sponsors in 2017, either on the buy- or sell-side, the average reported deal sizes continued to improve significantly from €368 million in 2016 to €567 million in 2017. The Norwegian PE market continued to be driven by new investments and add-ons, but in 2017 we continued to witness a substantial increase in the number of exits.
Aabø-Evensen & Co has since 2013 been the writer of the Norwegian chapter of the “International Comparative Legal Guide to: Private Equity”. Read about the above mentioned and more in the newly released and updated 2018 edition by clicking here: ICLG Private Equity 2018
Aabø-Evensen & Co has extensive experience of acting as legal advisors in connection with transactions involving private equity stakeholders. Latest, Aabø-Evensen & Co acted as legal advisor to OSE-listed LINK Mobility Group ASA and the reinvestment of certain of its management shareholders in connection with the NOK 3.4 billion recommended voluntary cash offer to acquire all shares in LINK Mobility Group ASA by the US PE fund ABRY Partners’ supported Victory Partners VIII Norway AS.