Riverside invests in Mintra Trainingportal

The investment will enable Mintra to expand, both internationally and within its existing markets. The company stated the deal will also provide increased oversight of global regulatory frameworks, enabling it to tailor its training accordingly.

Riverside said it was attracted to the deal by the flexibility of Mintra's training service.

The GP has a track record of backing training and education businesses, having made more than 25 such investments since its foundation in 1988, according to its website. Most recently Riverside acquired Alchemy, a US-based food and workplace safety training company, in January 2013 before bolting on Canada-based Catalyst Awareness of Guelph.

Debt
Nordea Bank provided finance to support the transaction.

Company
Headquartered in Oslo, Norway, and founded in 1997, Mintra provides online training services to businesses in the oil & gas sector. It combines its online offering with classroom learning, through its subsidiary in Aberdeen. The business also has operations in Cyprus, Abu Dhabi, Brazil, Malaysia and Libya.

People
Thomas Blomqvist, a partner at Riverside, led the deal alongside vice president Jeroen Lenssen and associate Martin Gustavsson. Lars Eriksson, the GP’s head of European origination, sourced the deal. Ivar Viktil is CEO of Mintra.

Advisers
Equity – BA-HR (Legal); Pinsent Masons (Legal); EY (Corporate finance, tax); Arkwright (Commercial due diligence).

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• Topics
• Expansion
• Support services
• Nordics
• Norway
• Riverside