FSN Capital exits VIA Travel

No financial details have been disclosed, but local financial press estimated a deal value at around NOK 1.1bn.

During FSN's holding period, VIA Travel has made 11 add-on acquisitions, divested non-core assets, and expanded geographically.

Previous funding
FSN took an 89% stake in VIA Travel in a NOK 544m take-private from the Oslo Stock Exchange in 2005. It is believed that around NOK 200m of equity was invested from FSN Capital II.

Company
VIA Travel, established in 1997, provides travel-related services, focusing on corporate customers in the Nordic region. Headquartered in Oslo, Norway, the company employs 1,500 staff in 120 offices and has a turnover of around NOK 9bn.

People
Managing partner Frode Strand-Nielsen worked on the deal for FSN, and was chairman of VIA Travel. Espen Aasheim is CEO of VIA Travel.

Advisers
Vendor - ABG Sundal Collier (Corporate finance); Deloitte Corporate Finance (Corporate finance); Schjødt (Legal); PwC (Financial due diligence).
Equity - Wiersholm, Jarle Kvam, Ingjerd Røynås, Kristen Vegge (Legal); Freshfields Bruckhaus Deringer (Legal); Ernst & Young (Financial due diligence).

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• Topics
• Nordics
• Exits
• Consumer
• FSN Capital
• Norway