Investinor exits PingCom
Investinor has sold Ping Communications (PingCom), a Norwegian broadband internet access devices and software provider, back to the company's founder.
PingCom founder Erik Syverinsen acquired Investinor's shares in an MBO, through his holding vehicle Tiger Holding. Pricing and terms of this deal were not disclosed.
Investinor invested NOK 10m for a 26.3% share in PingCom in 2010. In total, PingCom received NOK 22m with additional contributions from co-investors Alliance Venture Polaris and Tiger Holding. PwC advised on the transaction.
Investinor invested an overall NOK 17.2m in the company for a 38% share across the holding period.
Company
Founded in 2007 by Erik Syverinsen and based in Oslo, PingCom provides broadband internet access devices and software.
People
Erik Syverinsen is the founder of PingCom and the sole owner of Tiger Holding.
More on Nordics
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater
Trind VC plans up to five early-stage investments in next six months
VC has deployed around 10% of its second, EUR 55m fund and plans to invest in up to 40 startups
Letter from the editor: Unquote is moving to Mergermarket
Unquote Editor Harriet Matthews outlines Unquote.com's upcoming move to the Mergermarket platform and the new capabilities and intelligence that this brings to Unquote readers
Main Capital’s Assessio to be sold to Pollen Street
Recruitment software company tripled in revenue under Main Capital’s ownership
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater