EV Private Equity acquires 80% stake in Trainor – report

According to a report in Finansavisen, the GP plans to acquire an 80% stake in Trainor to facilitate the company's international expansion.

EV senior partner Per Arne Jensen said the PE firm had been following Trainor for the last year and had been impressed at how the company has met recent challenges.

According to Finansavisen, the company generated revenues of NOK 73m and a profit before depreciation of NOK 14m.  

The report by Finansavisen also estimated the company could be valued at almost NOK 100m, the equivalent of €9.5m, at a multiple of 6.9x EBITDA. 

Company
Founded in 1996 and headquartered in Tønsberg, Trainor provides online training, consultancy and recruitment services of qualified personnel within electrical safety, automation and processes for the oil and gas sector.

The company has offices in China, Singapore, Vietnam, South Korea and Myanmar, and, according to its LinkedIn page, has 50-200 staff.

People
EV Private Equity – Per Arne Jensen (senior partner).

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