Selected References

Anfi del Mar/Anfi Group

Restructuring
Background

Two of Norscan’s partners have worked in executive positions at Anfi del Mar on the Canary Islands as CEO and CFO respectively.  On this basis they have established a long term co-operation with the Norwegian party holding 50% ownership in the companies of the Anfi Group through the holding companies Cricetus NV and Anfi International BV.

Contribution

Norscan is hired as advisor for Anfi International and is participating in the Boards of the Anfi companies.

Blom ASA

M&A Restructuring
Background

Subsequent to several years with significant losses, the company found itself in a critical financial situation. 

Contribution

Norscan initially was hired to sell the company, but advised the Board not to commence a sales process until the company was restructured. Norscan was subsequently hired as CEO on a management for hire basis and managed a restructuring of the company.  The main focus was on reduction of overheads and support functions. When the restructuring was well underway, new owners came in and took responsibility for further development of the company.

Boen Parkett

M&A
Background

The owners of the company believed that the company could be positioned as a leading European player and to achieve this they looked for a foreign partner

Contribution

In co-operation with Saga Corporate a structured sales process was conducted whereby potential industrial and financial partners were identified. A sales prospectus was developed, presentations were held and assistance was provided in connection with the negotiations. 

This resulted in a merger between Boen and another European company in combination with a limited sales of shares by the owners of Boen.

Dr. Techn Olav Olsen AS

Ownership and capital M&A
Background

The company was facing a transition from a family dominated company to a company owned by the employees.

Contribution

Norscan assisted the owner family by identifying available alternatives and participating in the negotiations with the group of buyers.  A structure and a financial solution was identified that took into account the needs of both the employees and the selling family.  As part of the process potential external partners were also identified.

Fosen Mekaniske Verksteder AS (FMV)

Ownership and capital Restructuring
Background

FMV had financial challenges related to specific ship building contracts and to the company’s equity situation.

Contribution

Norscan was hired by the owner as Chairman of the Board and finance director. Ongoing activities were finalized to secure deliveries of ships.  At the same time a new ownership structure was established to allow entering into new ship building contracts.  This subsequently resulted in a sales of the company to Bergen Group.

Memira/Norsk synskirurgi

Ownership and capital M&A Strategy
Background

The owners of Norsk synskirurgi had similar activities in Sweden and Denmark with significant potentials for growth

Contribution

Norscan was key in designing and establishing a Scandinavian group that was named Memira AB.  Norscan identified an industrial partner and executed a private sales combined with sales of approx. 40% of the shares to Investor Growth Capital.

OBOS

M&A Strategy
Background

Norscan has an ongoing dialogue and discussions with the management of OBOS regarding business development in the OBOS group.

Contribution

Norscan has been hired as advisor by OBOS on several M&A projects.  Norscan was involved in their acquisitions of ‘forvaltningsselskapet’ Basale and of Gårdspass as well as in the divestment of the construction company Mika.

Reiten & Co.

M&A Strategy
Background

The Private Equity company Reiten &Co was looking for potential investments within oils service / technology and within other industries.  Norscan has an agreement with Reiten & Co to assist in identifying potential investment candidates.

Contribution

Norscan has through our experience and through our network good knowledge of and are well connected within the oil service industry as well as within other sectors of industry. Norscan has identified several potential investments for Reiten &Co, including  Malthus AS. Norscan assisted Reiten & Co and NEAS ASA when selling the engineering company NEAS ASA to Sweco AS

Synsam

Ownership and capital M&A Strategy
Background

Following major market changes in the eye care industry the company was in need of a strategic repositioning to underpin future growth.

Contribution

Norscan was key in developing a new strategic platform and assisted in transforming company from being franchise based to operating shops owned by the company. Through management for hire of CEO and CFO, Synsam Invest was established and funded to acquire shops. Furthermore, Norscan established a structure and pricing model for a Nordic group

Troms Kraft

Ownership and capital
Background

Following big losses and lack of trust of the company’s board and management from the owners and from key stakeholders it was decided to conduct an investigation of the company according to Norway’s company act.  The investigation covered 6 different areas. The main focus was directed at decision-making and Corporate Governance. The investigation did not address issues related to Criminal Code or torts.

Contribution

Norscan conducted the investigation, in co-operation with the legal firm Grette, based largely on our experience as managers and board members in complex enterprises. The report mapped and described governance related shortcomings in Troms Kraft during the period 1998-2012.  As such it provided input to the Board’s and the company’s ongoing improvement efforts.

Veidekke

Strategy
Background

During several years Norscan has had an ongoing co-operation with Veidekke related to the devleopment of the company’s activities.

Contribution

Norscan has been hired by Veidekke as advisor in connection with acquisitions and divestments of companies within their construction and asphalt activities