NorgesInvestor seeks companies with a strong market position, where the underlying cash flow is strong. The company should also be an active participant in the process of change within an industry branch, a market or product.
We strive to generate a strong organic growth, where the company gather capital to support this. NorgesInvestor wishes to contribute to consolidation in markets with attractive acquisition and / or merger opportunities.
We want to be the extended arm of the company's management, and thus be an additional resource and advisor for the company to use, to ensure good results.
NorgesInvestor would typically follow these main guidelines in their investments:
Residential Properties
NorgesInvestor controls today a portfolio consisting of approximately 400 rental apartments in Sweden. The investment has been done through the investment vehicle Partnerutveckling Nordenbygg AB. This company also controls investments in retail / industrial buildings.
Alternatives investments
NorgesInvestor holds a portfolio of minority stakes in several growth companies.
Hartvig holds an MBA from Arizona State University. He was one of the founders of NorgesInvestor in 1996. From 1990 until 1996 he was the CEO of NæringsInvest. Prior to NæringsInvest he was a partner in Elcon Partners / Elcon Securities and Department manager/Associate at Nevi.
Wennberg is a graduate of the Oslo University College, and holds an M.Sc. from Norges Handelshøyskole in 1976. He was one of the founders of NorgesInvestor in 1996. Until 1996, he was the CEO of Norgeskreditt. Before Norgeskreditt, Wennberg was the CEO of the investment company Invento, and had various executive positions in banking. Wennberg has extensive board experience from a variety of businesses.
Myrstad holds an M.Sc. from The Norwegian School of Business Administration with a specialization in strategy and finance. He joined NorgesInvestor in 2000. Prior to NorgesInvestor, Myrstad worked as a consultant at Andersen Consulting.
Hauge is the chief accounting officer of NorgesInvestor. She is a business administration graduate from BI Norwegian Business School. Hauge has years of experience as accounting and administration manager.
Since 1996 NorgesInvestors Private Equity team has invested above 2,5 billion NOK. Today, we have executed 30 exits in 30 companies.
Scandinavia's second largest electrical goods retailer. The company was listed in Norway and has operations in Norway, Sweden, Denmark and Estonia. Investor NorgesInvestor became a shareholder in December 1997 and realized the investment in July 2003.
Biopharmaceutical company that develops and manufactures new products for the treatment and prevention of immune-related diseases, especially cancer and chronic wounds in humans. NorgesInvestor became a shareholder in November 1997 and realized the investment in September 2005.
Offshore / technology company working with downhole operations, production logging, seismic measurements during drilling, coiled tubing and the production of measuring instruments. NorgesInvestor became a shareholder in November 1997 and realized the investment in December 2005.
The company produces lightweight concrete and marble adapted fireplace inserts. Norpeis also produces its own ovens. The company has patented a separate firewall built in elements. The company was sold to the Swedish listed company Nibe Industrier AB. NorgesInvestor became a shareholder in June 1998 and realized the investment in June 2005.
Mjørud Group is a subcontractor to the offshore industry and specializes in products for air filtration and noise reduction of large gas turbines offshore. NorgesInvestor became a shareholder in December 1996 and realized the investment in November 2004.
Norcool is one of Europe's largest manufacturers of cabinet coolers with glass doors with a market share in commercial refrigeration of over 20%. The company was listed in Norway, but was sold to Greek Frigoglass. NorgesInvestor became a shareholder in December 1996 and realized the investment in October 1999
Luxo Group is one of Scandinavia's leading independent manufacturers of lighting products. The group's activities includes design, development, production and composition, marketing and sales. The company is listed in Norway. NorgesInvestor became a shareholder in January 1997 and realized the investment in December 2005.
Customax
Customax's activities included development of software, marketing and sale of software and IT consulting services aimed primarily at the sales and finance functions (ERP and CRM systems). NorgesInvestor became an owner in February 1997. The company went bankrupt in 2000.
Greenland Group is an oil and gas engineering and production company. The company was previously listed in Norway. NorgesInvestor became a shareholder in July 1998 and exited the investment in November 2006.
Norsk Lotteridrift was the leading independent operator of gambling and entertainment machines in Norway. The company was listed in Norway and was acquired by UBS Capital. NorgesInvestor became a shareholder i October 1998 and realized the investment in September 2000.
Johan G. Olsen AS is an internationally-oriented conglomerate with 6 business areas: building materials, hardwood flooring, growth media, concrete, plywood and shipwrecking. NorgesInvestor became a shareholder in January 1999 and realized the investment in December 2004.
Bosvik is an interior furnishing company which delivers customized office furnishing solutions. Bosvik's main products include furniture, wall and ceiling panels and various furnishing detail. NorgesInvestor became shareholder in March 1999 and realized the investment in November 2006.
Hov+Dokka was one of Norway's largest office furniture concerns with its own brand, distribution and dealer network. Today the company is a part of European furniture Group AB. NorgesInvestor became a shareholder in August 1999 and realized the investment in September 2003.
Consorte Group ASA develops and maintains solutions for business market. The company was listed in Norway and has daughter companies in Sweden, Denmark and the UK. NorgesInvestor became a shareholder in June 1999 and realized the investment in November 2006.
Egroup is a company focused on IT consulting, knowledge software, e-commerce and remote operations of IT systems. The company is today part of Ergo Group, which is owned by Posten Norge. NorgesInvestor became a shareholder in October 1999 and realized the investment in May 2006.
Cermaq ASA er verdens største produsent av fôr til havbruksnæringen, med fabrikker i alle viktige havbruksland. Samtidig er selskapet nest største aktør innen oppdrett av laks og ørret gjennom datterselskaper i Chile, Canada, Norge og Skottland. Selskapet er børsnotert i Norge. Den norske stat er hovedeier. NorgesInvestor kom inn på eiersiden desember 1999. Investeringen ble realisert juni 2005.
Selskapet produserer, designer og selger tepper. Produktene til selskapet omfatter tuftede tepper (maskinlagede tepper etter en spesiell teknikk), maskinvevde tepper, håndvevde tepper, knyttede tepper og håndtuftede tepper. NorgesInvestor kom inn på eiersiden januar 1999. Investeringen ble realisert november 2002.
Personalhuset tilbyr tjenester innen utleie, omstilling og rekruttering av arbeidskraft til privat og offentlig sektor. Selskapet er i dag en del av ISS konsernet. NorgesInvestor kom inn på eiersiden mai 2001. Investeringen ble realisert september 2005.
Software Innovation is a Nordic software consultancy with over 500 employees. Software products are within the segments document management, decision support, customer and sales support, as well as portals. NorgesInvestor became a shareholder in November 2002 and realized the investment in December 2003.
Jernia is a retail hardware chain. The group includes the ProffPartner chain with 35 machine shops and hardware stores targeting the professional market. The company was sold to Canica AS. NorgesInvestor became a shareholder in June 2001 and realized the investment in August 2005.
Noral designs, develops, manufactures and distributes high-quality outdoor lighting through its own sales companies and through distributors. NorgesInvestor became a shareholder in December 2002 and realized the investment in December 2009.
Algeta is a company focused on the development of pharmaceuticals based on radioactive substances with several product candidates. NorgesInvestor became a shareholder in January 2003 and realized the investment in December 2009.
VIA Group is Scandinavia's leading distributor of business travel services. The company was listed in Norway and was acquired by FSN Capital. NorgesInvestor became a shareholder in June 2003 and realized the investment in August 2005.
BlueCom was a broadband company (ADSL) targeting the consumer market. The company is today owned by Ventelo. NorgesInvestor became a shareholder in December 2003 and realized the investment in August 2005.
Nordic Paper is a leading producer of grease-proof paper and muffin cups. NorgesInvestor became a shareholder in February 2006 and realized the investment in December 2014.
Visual Conference Group was established in 2002. The group is a leading retailer of video conferencing equipment and related products /services in the Nordic region. In 2007, NorgesInvestor bought a 60 % stake in the group. In 2011, the Visual Conference Group was sold to Interoute Communications Ltd.
World Class controls about 30 gyms. The company also has a smaller wholesale business. NorgesInvestor became a shareholder in August 2009 and currently owns approximately 70% of the company.
Music Retail Holding (MRH) has acquired and merged a number of musical stores, chains and wholesalers in Norway, Sweden and Denmark. MRH has become the largest player in its field in Scandinavia. NorgesInvestor has been a key part of MRH since its inception in June 2007.
The 07 group has acquired and consolidated a number of companies in the printing industry. NorgesInvestor became a shareholder in November 2007 and currently owns 46% of the company.
Aktriva / Arena Personnel is a staffing, restructuring and recruitment company based in Sweden. The bulk of Arena Personal's revenues are in the warehouse / logistics, manufacturing and finance / office sectors. NorgesInvestor became a shareholder in December 2008 and currently owns 65% of the company.
Luthman Nordic is a wholesaler of music-oriented equipment in the Nordic region. The company has over 80 strong brands in its portfolio.
