Herkules Capital AS Mergers and Acquisitions Summary

Private Equity Firm Profile

Herkules Capital AS’s most common sectors for investment areenergy services and equipment (11%) and consumer products (8%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (70%) and secondary buyout (13%). In total, Herkules Capital AS has invested in 4 different countries. Its largest (disclosed) acquisition occurred in 2007 when it acquired Aibel AS for $900M.

In the last 3 years, Herkules Capital AS has exited 1 company. The Firm’s most common exit type is trade sale (47%). Herkules Capital AS’s largest (disclosed) exit occurred in 2012 when it sold Aibel AS for $1.0B.

Join Mergr to view Herkules Capital AS’s full profile and discover more large private equity firm investors just like it.

M&A Summary

  • M&A Total Activity69
    • M&A Buy Activity39
    • M&A Sell Activity30
  • Total Sectors Invested 22
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 20
  • M&A Advisors 4

Herkules Capital AS

Haakon VII's gt. 5B, Entrance from Munkedamsveien,
Oslo, 0125
Norway
+47 22 04 80 00
www.herkulescapital.no
post@herkules.no

Herkules Capital is a private equity firm focused on acquiring controlling interests in established companies located in Norway and other Nordic countries. Herkules looks to commit NOK 100 to NOK 1200 million of equity capital per transaction and will consider investing in public and private companies. Sectors of interest include oil services, healthcare, consumer, trade/retail, services and telecom. The Firm's investment horizon is typically five to seven years. Herkules was formerly known as Fer Private Equity. The Firm is based in Lysaker, Norway.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Business Services, Communications, Construction, Consumer Products, Consumer Services, Distribution, Electrical Equipment, Electronics, Energy Services and Equipment, Financial Services, Furniture, Healthcare Services, Information Technology, Life Science, Machinery, Manufacturing, Media, Medical Products, Renewable Energy, Restaurants, Retail, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Secondary Buyout, Stake Purchase

Geographic Preferences: Scandinavia

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 100 1,200
Enterprise Value - -
values in millions of NOK

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.2/yr) # 38 1 - - - - 39
vol $900M $900M
Sell (0.8/yr) # 26 3 1 - - - 30
vol $2.5B $2.5B
  69

Most Recent M&A

Company Date Value Type
Petroleum Technology Co. AS 2022-04-21 - Add-on Acquisition
Stavanger, Norway · www.ptc.as
PSW Group AS 2021-12-15 - Merger
Mongstad, Norway · www.psw.no
Scana ASA 2021-12-15 - Stake Purchase
Bergen, Norway · www.scana.no
Beckmann AS 2021-08-10 - Add-on Acquisition
Kristiansand, Norway · www.beckmann-norway.com
Eterni Gruppen AS 2021-07-02 - Add-on Acquisition
Bergen, Norway · www.eterni.no
Elektroimportøren AS 2020-12-10 - IPO
Oslo, Norway · www.elektroimportoren.no
Nevion AS 2019-06-27 - Stake Purchase
Sandefjord, Norway · www.nevion.com
Puzzel Ltd. 2019-05-06 - Secondary Buyout
Oslo, Norway · www.puzzel.com
Stamina Group AS 2018-12-10 - Secondary Buyout
Oslo, Norway · www.staminagroup.no
Didriksons Regnkläder AB 2018-07-09 - Secondary Buyout
BorÃ¥s, Sweden · www.didriksons.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Energy Services and Equipment - - 4 (10%) 900M (100%)
Consumer Products - - 3 (8%) -
Electrical Equipment - - 3 (8%) -
Manufacturing - - 3 (8%) -
Apparel/Textiles 1 (20%) - 2 (5%) -
Construction 1 (20%) - 2 (5%) -
Internet Software and Services 1 (20%) - 2 (5%) -
Life Science - - 2 (5%) -
Restaurants - - 2 (5%) -
Retail - - 2 (5%) -
Software - - 2 (5%) -
Technology Hardware - - 2 (5%) -
Business Services - - 1 (3%) -
Communications - - 1 (3%) -
Distribution - - 1 (3%) -
Education 1 (20%) - 1 (3%) -
Electronics - - 1 (3%) -
Furniture - - 1 (3%) -
Healthcare Services - - 1 (3%) -
Marine 1 (20%) - 1 (3%) -
Oil/Gas Exploration - - 1 (3%) -
Staffing - - 1 (3%) -
Total 5 - 39 $900M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Norway 3 (60%) - 32 (82%) 900M (100%)
Sweden 1 (20%) - 5 (13%) -
Switzerland 1 (20%) - 1 (3%) -
Denmark - - 1 (3%) -
Domestic 3 (60%) - 32 (82%) 900M (100%)
Cross-border 2 (40%) - 7 (18%) -
Total 5 - 39 $900M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 1 (20%) - 27 (69%) -
Secondary Buyout 2 (40%) - 5 (13%) 900M (100%)
Divestiture - - 3 (8%) -
Stake Purchase 1 (20%) - 3 (8%) -
Venture 1 (20%) - 1 (3%) -
Total 5 - 39 $900M

Exits by Deal Type

Type Total # Value
Trade Sale 10 (33%) -
Secondary Sale 9 (30%) 1.6B (64%)
Trade Sale - Public Company 5 (17%) 900M (36%)
Stake Sale 2 (7%) -
Unknown 2 (7%) -
IPO 1 (3%) -
Merger 1 (3%) -
Total 30 $2.5B

Top M&A Advisors

Financial Deals
PwC Corporate Finance LLC
 2
DNB Markets
 1
Legal Deals
DLA Piper
 1
Advokatfirmaet Schjødt AS
 1

Deal Values

buy # Total
$100M to $1B 1 $900M
TOTAL $900M
Largest Aibel AS
$900M (2007-08-01)
sell # Total
> $1B 1 $1.0B
$100M to $1B 3 $1.5B
TOTAL $2.5B
Largest Aibel AS
$1.0B (2012-12-18)

M&A Connections

Deals
Acquired from
Investor(s)
13%
5 (13%)
Strategic(s)
5%
2 (5%)
Exited to
Investor(s)
30%
9 (30%)
Strategic(s)
57%
17 (57%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

15.1B NOK

Established

2003

Specialist/Generalist

Generalist

Leadership

Morten Blix

Co-Founder & Senior Partner

Gert Munthe

Founding Partner & Chairman

Fredrik Kongsli

Partner

Fredrik Toft Bysveen

Partner

Krister Hytten Eriksen

CFO

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