DGAP-News: EQT Partners AB: EQT Infrastructure Funds to acquire offshore high capacity communication operator Tampnet
(firmenpresse) - DGAP-News: EQT Partners AB / Key word(s): Acquisition/Private Equity
EQT Partners AB: EQT Infrastructure Funds to acquire offshore high
capacity communication operator Tampnet
09.10.2012 / 08:00
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EQT Infrastructure Funds to acquire offshore high capacity communication
operator Tampnet
- EQT Infrastructure Funds to acquire Norwegian offshore high capacity
communication operator Tampnet from HitecVision in a transaction valued
at around NOK 1.5 billion
- Tampnet has a leading position in the North Sea and operates the
largest offshore high capacity communication network in the world
- EQT has extensive experience from both the communication and Oil&Gas
sectors, and sees strong growth and strategic development potential for
Tampnet
EQT Infrastructure and EQT Infrastructure II ('EQT Infrastructure Funds')
have agreed to acquire offshore high capacity communication operator
Tampnet ('Tampnet' or the 'Company') from the Norwegian private equity fund
HitecVision. Tampnet is the only independent supplier of high capacity
communication to offshore Oil&Gas ('O&G') installations in the North Sea.
Tampnet operates the largest offshore high capacity communication network
in the world and serves more than 100 O&G Platforms, Floating Production
Storage and Offloading units (so called FPSOs) and Exploration Rigs in the
North Sea. In total, the Company owns and operates an infrastructure of
1,200 km of fiber network and 31 radio links and leases capacity in an
additional 900 km of fiber.
'Tampnet is a well-managed company with an impressive track record of
growth and a satisfied, loyal customer base. Demand for offshore high
capacity communication is increasing as operations onshore and offshore are
becoming increasingly integrated and complex. We see strong organic growth
in the North Sea but also international opportunities as North Sea
operations serve as quality benchmarks in the global offshore industry',
says Stefan Glevén, Partner at EQT Partners in Sweden, Investment Advisor
to the EQT Infrastructure Funds.
Tampnet serves both the Norwegian and UK parts of the North Sea and has a
unique infrastructure which provides redundancy to its customers and links
the North Sea basin to UK and Norway. Headquarters are in Stavanger in
Norway.
'We are excited about having the EQT Infrastructure Funds as new owners.
EQT brings vast industrial knowledge from both the communication and O&G
sectors. We will also be able to take advantage of the expansion
opportunities that lie ahead, given EQT's willingness to financially
support growth', says Per Helge Svensson, CEO of Tampnet.
The transaction is subject to merger clearance from Norwegian competition
authorities.
The EQT Infrastructure Funds were supported by DnB as Corporate Finance
Advisor, Selmer as Legal Advisor, and PWC as Financial and Tax Advisor.
Contact
Stefan Glevén, Partner at EQT Partners, Investment Advisor to the EQT
Infrastructure Funds +46 8 506 55 316
Johan Hähnel, EQT Infrastructure Funds Spokesperson +46 8 506 55 334
About EQT
EQT is the leading private equity group in Northern Europe with over EUR 19
billion in raised capital and multiple investment strategies. Together with
an extensive network of independent Industrial Advisors, EQT implements its
investment strategy by acquiring or financing good medium-sized to large
companies in Northern and Eastern Europe, Asia and the United States,
supporting their development into leading companies. Development is
achieved by an industrial strategy with focus on growth. Since inception,
EQT has invested more than EUR 11 billion in around 100 companies and
exited close to 50. EQT-owned companies have more than 550,000 employees.
EQT Infrastructure is a EUR 1.2 billion fund, launched 2008, investing in
medium-sized infrastructure businesses in the Nordic region, parts of
Continental Europe, and North America. Investment targets are regulated
infrastructure, concession-based infrastructure, market-based
infrastructure and infrastructure-related services. EQT Infrastructure II
is the second fund within the infrastructure investment strategy. EQT
Infrastructure II currently has EUR 1.1 billion of commitments available
for investments.
EQT Partners, acting as Investment Advisor to the general partners and
managers of each EQT fund, has around 120 investment professionals with an
extensive industrial and financial competence. EQT Partners and its
affiliates have offices in Copenhagen, Frankfurt, Helsinki, Hong Kong,
Oslo, London, Munich, New York, Shanghai, Singapore, Stockholm, Warsaw and
Zurich.
More information can be found on www.eqt.se
About Tampnet
Tampnet operates the largest offshore high capacity communication network
in the world, serving more than 100 Oil and Gas Platforms, FPSOs and
Exploration Rigs. Pioneering the industry, Tampnet has developed a high
capacity, resilient and low latency communication network of fiber backbone
cables and radio links, serving both the Norwegian and UK sector. Tampnet
is an authorized telecommunications operator in Norway and in Australia.
Tampnet was established by Statoil in 2001 and acquired by HitecVision in
2010.
About HitecVision
HitecVision is a leading investor in the international oil and gas
industry, providing capital and competence to growth companies in Europe
and North America. The firm's background from the industry enables it to
create value by partnering with entrepreneurial managers to build
substantial and sustainable companies. HitecVision is a serial entrepreneur
having acquired, invested in or established more than 100 companies, exited
over 70, and listed seven companies (IPOs). HitecVision manages four funds
with a total committed capital of USD 3 billion and is headquartered in
Stavanger with offices in Oslo and Houston.
End of financial news
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188066 09.10.2012
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