HitecVision starts acquisition process of Karsten Moholt

The private equity firm is currently waiting for clearance from the authorities in order to go ahead with the transaction via holding company Riserquip Holding, backed by the HitecVision VI fund, a source close to the matter told Unquote.

Headquartered in Bergen, Norway, Karsten Moholt manufactures electrical machinery for customers in the energy, offshore rigs, shipping and subsea industries.

HitecVision VI closed on its $1.5bn hard-cap in 2011 after around four months of fundraising. It was 78% deployed as of June 2017, according to Unquote Data. 

The GP's latest vehicle, Hitecvision VII, exceeded the fundraising efforts of its sixth fund, making it Norway's largest buyout fund to date. It held a final close on $1.9bn in April 2014 and was 38% deployed as of May 2017, according to Unquote Data.

HitecVision typically invests equity tickets in the range of $50-200m in companies with revenues of $50-300m working in the oil and gas exploration and technology sectors in Norway, the UK and the US.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Nordics
• Industrials
• Norway
• HitecVision