Stavanger, a vibrant hub for private equity firms, boasts an impressive ecosystem of investment powerhouses. HitecVision, Energy Ventures, and Norvestor Equity lead the charge in this dynamic energy-centric region, leveraging Stavanger’s strategic location and robust oil and gas infrastructure. These firms drive innovation across energy, technology, and industrial sectors, creating substantial value for investors and portfolio companies. Interested professionals can explore deeper connections and networking opportunities by joining our community at alexejpikovsky.com/community.
HitecVision
Investment Style: HitecVision specializes in private equity investments in the energy sector, focusing on buyouts and growth capital. They primarily invest in oil and gas, renewable energy, and energy technology companies, with an emphasis on value creation through a combination of operational improvements and strategic growth initiatives.
Portfolio Companies: HitecVision’s portfolio includes companies such as CapeOmega (a natural gas infrastructure company), Norsk Solar (a solar energy solutions provider), and Moreld (a provider of industrial services to the energy sector).
Founding Date: 1985
Number of Investment Professionals: Over 40 investment professionals
Assets Under Management: Approximately $5 billion
Key Investment Professionals:
- Ola Bøsterud, CEO: Leads the firm with a focus on strategic investments in the energy sector, contributing to the sustainable growth and value creation of portfolio companies.
- Kristin Kragseth, Partner: Specializes in renewable energy investments and has a strong track record in driving the growth of sustainable energy companies.
- John Knight, Senior Partner: Offers deep insights into the global energy markets and strategic investment opportunities within the sector.
Recent Exits:
- AGR to Silverfleet Capital: A successful exit through a sale to a leading European private equity firm, showcasing HitecVision’s expertise in enhancing operational efficiency and market positioning.
Recent Investments:
- Vårgrønn: A joint venture with the Italian energy company Eni, focusing on developing offshore wind projects in Norway and the Nordic region.
- Norsk Solar: Investment aimed at expanding solar energy production and technology development in Norway and internationally.
Office Locations:
- Stavanger (Headquarters): HitecVision AS, Hinna Park, Jåttåvågveien 7, 4020 Stavanger, Norway
- Additional Offices: Oslo, Aberdeen
Website: www.hitecvision.com
Quote: “Our focus is on investing in companies that are at the forefront of the energy transition, helping them to grow and create value in a sustainable way.” – Ola Bøsterud, CEO
EV Private Equity
Investment Style: EV Private Equity focuses on venture capital investments in technology companies within the oil and gas sector. Their investment strategy is centered on early-stage companies that offer innovative solutions to enhance efficiency and reduce costs in the energy industry.
Portfolio Companies: The portfolio includes companies such as Ziebel (a provider of technology and services for oil and gas wells) and Ziebel AS (a pioneer in fiber optic sensing technology).
Founding Date: 2002
Number of Investment Professionals: Approximately 15 investment professionals
Assets Under Management: Around $500 million
Key Investment Professionals:
- Alexander Vogt, Managing Partner: Leads the firm’s strategic direction and investments in cutting-edge energy technologies.
- Bjørn Brath, Partner: Specializes in identifying and developing high-potential technology ventures within the oil and gas industry.
Recent Exits:
- Ziebel to Archer: A strategic sale that highlights EV Private Equity’ ability to develop and exit high-value technology investments.
Recent Investments:
- Ziebel AS: Investment in advanced fiber optic sensing technology to enhance oil and gas extraction processes.
Office Locations:
- Stavanger (Headquarters): Energy Ventures AS, Jåttåvågveien 7, Hinna Park, 4020 Stavanger, Norway
Website: www.energyventures.no
Quote: “Our aim is to support innovative companies that can transform the energy industry through advanced technology solutions.” – Alexander Vogt, Managing Partner
Norvestor Equity
Investment Style: Norvestor Equity specializes in investments in mid-market companies in the Nordic region, with a focus on technology, industrial, and consumer services sectors. Their investment approach is characterized by active ownership and strategic growth initiatives.
Portfolio Companies: Norvestor’s portfolio includes companies such as Nomor (a pest control company) and Eneas Group (an energy services provider).
Founding Date: 1991
Number of Investment Professionals: Over 20 investment professionals
Assets Under Management: Approximately $3 billion
Key Investment Professionals:
- Henning Mikkelsen, Managing Partner: Focuses on strategic direction and value creation in portfolio companies across various sectors.
- Anne Sofie Bjørkholt, Partner: Specializes in developing and executing growth strategies for technology and consumer services companies.
Recent Exits:
- Nomor to ServiceMaster: This transaction marked a successful exit, demonstrating Norvestor’s capability to enhance market positioning and operational efficiency.
Recent Investments:
- Eneas Group: Investment aimed at expanding energy services and enhancing operational practices across the Nordic region.
Office Locations:
- Headquarters: Norvestor Equity AS, Haakon VIIs gate 10, 0161 Oslo, Norway
- Additional Offices: Oslo, Stockholm, Helsinki
Website: www.norvestor.com
Quote: “We believe in partnering with entrepreneurs and management teams to accelerate growth and build sustainable businesses.” – Henning Mikkelsen, Managing Partner
Viking Venture
Investment Style: Viking Venture specializes in investments in Nordic software companies, focusing on growth capital and buyouts. Their approach is characterized by close partnerships with management teams to drive growth and expansion in international markets.
Portfolio Companies: Includes companies like House of Control (enterprise software for contract management) and EcoOnline (a software company focused on environmental, health, and safety solutions).
Founding Date: 2001
Number of Investment Professionals: Over 20 investment professionals
Assets Under Management: Approximately $400 million
Key Investment Professionals:
- Eirik Pettersen, Managing Partner: Focuses on strategic growth and international expansion for software companies.
- Trine Billington, Partner: Specializes in scaling technology ventures and enhancing their competitive positioning.
Recent Exits:
- House of Control to Visma: An exit that underscored Viking Venture’s ability to build and scale successful software businesses.
Recent Investments:
- EcoOnline: Continued investment in software solutions for environmental, health, and safety compliance.
Office Locations:
- Headquarters: Viking Venture AS, Hinna Park, Jåttåvågveien 7, 4020 Stavanger, Norway
Website: www.vikingventure.com
Quote: “We partner with ambitious software companies to drive growth and create global leaders in their respective fields.” – Eirik Pettersen, Managing Partner
Conclusion
Private equity firms in Stavanger are reshaping the regional economic landscape, driving transformative changes across industries. Their strategic investments and operational expertise continue to unlock value and potential for local enterprises. As the market evolves, these firms remain critical players in advancing economic growth and organizational performance.
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