Thommessen has assisted EQT Fund VIII ("EQT") in the acquisition of Recover Nordic from funds advised by the London based PE-company, Agilitas Private Equity, and other shareholders. Recover Nordic is a leading provider of property remediation and environmental services in the Nordic countries.
Following the Agilitas-backed management buyout in 2013, the group has experienced strong organic growth and completed 17 add-on acquisitions. Headquartered in Oslo, Norway and with more than 90 branches across the Nordics, the Company has over 2,100 employees and is expected to generate revenues of NOK 3.0 billion in 2019.
The transaction is subject to customary conditions and approvals and is expected to close in the first quarter of 2020.
For more information see EQT's press release.