- Gjensidige, a leading Nordic insurance group, acquired Mølholm Insurance, the leading provider of health insurance in Denmark, from PFA Pension.
Mobile services provider Phonero acquired 100% of the shares in its competitor Mobitalk. The acquisition expands Phonero’s distribution and local presence in the western part of Norway. Following the transaction, Phonero will have more than 250,000 subscribers in the B2B market.
The Bertel O. Steen Group sold its wholly-owned subsidiary DSG Bagdrop AS to the Materna Group. DSG Bagdrop was founded in 2009 and is a provider of self-service bag drops to airports. DSG Bagdrop delivers complete bagdrop solutions, with cloud-based software applications and award-winning hardware products.
Mondux, one of Scandinavia’s fastest-growing insurance agencies, was sold to Gjensidige. Mondux is strongly rooted in the auto industry in Denmark. It offers a complete range of private-insurance products as well as providing “white label” insurance for telecommunications companies, purchasing groups, and professional organizations. Gjensidige is the leading insurance group in the Nordic region and is listed on the Oslo stock exchange.
Clairfield Finland advised the Helsinki-listed technology company Elektrobit Corporation (nowadays Bittium) in the acquisition of the Finnish subsidiary of the Oslo-quoted Birdstep Technology Group. Elektrobit revenues totalled EUR 200 million and it specializes in embedded software and hardware solutions for the wireless and automotive industries. Clairfield Finland identified IT security companies that would complement security features in EB’s Tough Mobile secure smartphone technology.
One Piece, a distinctive fashion brand in chill-out-wear, obtained growth capital from a consortium of Swedish investors.
Dermagruppen, a leading Nordic distributor of professional skin care products, sold its distribution activities of Decleor, Carita and Essie products, to L’Oreal, the French manufacturer of cosmetics, skincare, haircolor, and haircare.
ABAX, a technology firm that is majority-owned by private equity firm Norvestor VI, acquired FrontTek AS. This is ABAX’s fourth add-on acquisition and emphasizes ABAX’s growth strategy in Norway and Europe.
Vianova Systems AS, an international pioneer and market leader in Scandinavia in civil engineering software for transport infrastructure design, was sold to Trimble. Trimble applies technology to make field and mobile workers in businesses and government significantly more productive.
House of Control, a SaaS enterprise software provider for contract lifecycle management, was sold to Viking Venture, a technology-focused small-cap private-equity player based in Norway.
Hamilton People, a Norwegian staffing and recruitment company providing qualified labor primarily to the construction, oil & gas, and power supply industries, merged with TopTemp, a Norwegian staffing and recruitment company. Clairfield Sweden was engaged by the owners of Hamilton people to advise on the partial exit to Top Temp, owned by Amesto, to facilitate further growth and realize synergies.
Barent NaturGass was sold to Broadview. Since it was established in 2005, Barents Naturgass has grown steadily and is today one of the leading players in the small scale LNG distribution in Norway.
EcoOnline AS, a Norwegian provider of documentation for chemical software, sold a 64% stake to Viking Venture Management AS, one of the leading technology-focused venture funds.
Dolphin Software, a provider of systems to contact centers, was acquired by Loxysoft Group, a Swedish IT company.
Frösunda completed the sale of Tua and Tilitaks Gruppen to Humana. Frösunda is a leading Swedish private care provider operating four divisions; elderly care, disabilities, individual and family care, and personal assistance. Tua and Tiltaksgruppen are leading providers of youth care for children and young people in Norway. They operate four segments: institutions, family homes, aftercare, and care for the mentally ill.
Mobile services provider Phonero, jointly advised by Clairfield Norway and DNB Markets, acquired its larger competitor Ventelo. Ventelo is one of Norway’s leading providers of complete fixed- and mobile telephony services to the private and public sector. Ventelo is headquartered in Kristiansand with regional offices in Oslo, Trondheim, and Bergen.
Otera Elektro was sold by Otera Group to Bravida, Scandinavia’s leading supplier of technical installation and service solutions. It is one of the largest pure play electrical installation and service companies in the Norwegian market. The company performs electrical installations, as well as providing automation and instrumentation solutions to construction projects, industry, and the oil and maritime sector.
CRM Insight, a leading Norwegian consulting company in CRM solutions, was acquired by Økonomibistand Group, a fast-growing Visma ERP software partner focusing on accounting, logistics systems, CRM, and payroll. CRM Insight implements large and medium-sized CRM projects based on the industry’s leading tools.
Stanges Gardsprodukter, a Norwegian chicken producer, was sold to Reitangruppen (REMA Industrier AS). Stanges Gardsprodukter has delivered premium chicken products to the Norwegian market for more than 20 years and is a favorite of leading chefs in Norway.
SmartMotor, a Norwegian technology company, was sold to Rolls-Royce Marine. Smartmotor produces high-torque electrical machines using permanent magentic technology mainly for use in marine & offshore, oil & gas, and renewable energy generation applications.