Deal

Energy Ventures exits Direct Drive Systems

Energy Ventures III has announced that FMC Technologies, Inc., a global provider of technology solutions for the energy industry, has signed a definitive agreement to purchase California-based Direct Drive Systems, Inc. (DDS) in a transaction valued at USD 120 million.

DDS, established in 2004, produces high-speed, high-power permanent magnet motors and generators, as well as magnetic bearings, for the oil and gas industry.

Energy Ventures invested in the company in January 2008, and the exit marks the seventh successful exit for the fund manager.

Read more


FundEnergy Ventures III LP Argentum share 5.97%
Portfolio CompanyDirect Drive Systems
Date of Transaction2009-09-17
TransactionTrade-sale
Seller
BuyerFMC Technologies
Size of TransactionUSD 120.0m
Ind. FocusIndustrial
GeographyUSA
StageVenture
 

More Energy Ventures III LP or Direct Drive Systems deals

Energy Ventures invests £3.2 million in ffA
(2010-10-19)
Energy Ventures invests in Read Well Services
(2010-05-12)
Energy Ventures provides Red Spider with growth capital
(2010-04-06)
Energy Ventures III exits NovaDrill
(2010-02-02)
Energy Ventures is lead investor in Reality Mobile
(2009-10-08)
Energy Ventures Invests in Oxane Materials Inc.
(2008-12-11)
Energy Ventures invest in Futuretech
(2008-04-02)
Energy Ventures III invests in Direct Drive Systems
(2008-01-21)

More deals

InnKap 4 Partners sells its holding in Inmeta Crayon
(2012-02-06)
Axcel invests in Mita-Teknik
(2012-02-02)
SCAN COIN acquires French competitor
(2012-01-31)
Follow-up investment in Probio
(2012-01-31)
Odin sells cleantech company Haarslev to Altor
(2012-01-30)
Altor buys Haarslev from Odin Equity
(2012-01-30)
New owners for Plastiroll
(2012-01-28)
Pronoxis raises SEK 4 million
(2012-01-25)
Industrifonden invests in Footway
(2012-01-25)
Ahlström Capital exits Symbicon
(2012-01-24)
Fouriertransform starts LeanNova Engineering
(2012-01-23)
Swix Sport acquires Lundhags from EQT Opportunity
(2012-01-19)
Polaris acquires majority stake in Skånska Byggvaror
(2012-01-13)
Northzone invests in The Online Backup Company
(2012-01-12)
Spicy investment for Odin Equity Partners
(2012-01-12)
FSN Capital acquires leading women's clothing retailer
(2012-01-11)
BerGenBio attracts funding
(2012-01-11)
Arjessa Group acquires Jokilaakson Perhekodit
(2012-01-11)
BerGenBio attracts funding
(2012-01-10)
Maj Invest Equity acquires JKF Industri
(2012-01-06)
Kleiner Perkins invests in SoundCloud
(2012-01-06)
Ferd Capital sells Smarterphone to Nokia
(2012-01-06)
Bownty attracts funding from SEED Capital
(2012-01-06)
Care Component acquires Lämminsyli
(2012-01-05)
Sarsia Seed increases investment in Avexxin
(2012-01-05)
Maj Invest Equity acquires stake in Vega Sea
(2012-01-03)
Midvest Fondene invests in Brattvåg Elektro
(2012-01-03)
Midvest Fondene sells Salsnes Filter
(2012-01-03)
Follow-up investment in Prophylix Pharma
(2012-01-03)
Follow-up investment in Proaware
(2012-01-03)
Follow-up investment in Calanus
(2012-01-03)
Bisnode spins out WLW
(2012-01-03)
Norvestor invests in Marine Aluminium
(2012-01-03)
Bactiguard attracts financing
(2012-01-03)
EQT acquires Ventelo
(2011-12-21)
Litorina IV invests in Skandinavisk Kommunalteknik Group
(2011-12-21)
Skandinavisk Kommunalteknik Group changes hands
(2011-12-21)
Sisu Axles sold to Marmon Highway Technologies
(2011-12-21)
ESI Group acquires Efield
(2011-12-15)
Industrifonden invests in Zimpl
(2011-12-15)
Profita sells Energate
(2011-12-14)
AAC Capital Partners acquires Enerpoint
(2011-12-14)
Wright Trafikkskole acquires A4 Trafikkskole
(2011-12-14)
Intera invests in Kamux
(2011-12-08)
Partnerinvest Norr invests in Klöverbergsgården
(2011-12-07)
Almi invest sells Halo Genomics to US company Agilent Technologies
(2011-12-05)
FSN II sells Norlandia Care back to founders Adolfsen Group
(2011-12-02)
EMC Talotekniikka acquires Arealtec
(2011-12-02)
Investinor establishes ski resort corporation
(2011-12-02)
New Store Europe bolts on Shopex
(2011-12-02)
Sentica acquires majority of Treston
(2011-11-29)
Abeo attracts EUR 1.5 million
(2011-11-25)
Wrapp receives $5.5. million investment from Atomico
(2011-11-22)
Contex Group to sell Z Corporation and Vidar
(2011-11-21)
Midvest Fondene invests in Namsos Dykkerselskap
(2011-11-21)
HitecVision invests $17.5 million in Merrick Systems
(2011-11-21)
Nordic Capital V sells Point International to Verifone Systems
(2011-11-15)
Litorina invests in Sveba-Dahlén Group
(2011-11-15)
Reef Subsea acquires Rotech Subsea
(2011-11-11)
Norsk Innovasjonskapital increase ownership in Hybrid Energy
(2011-11-09)
Herkules III bolts on Friskhuset to Hjelp24
(2011-11-08)
Shark Solutions raises DKK 30 million
(2011-11-04)
Litorina's portfolio company Pahlén acquires Pool-guard
(2011-11-02)
Industrifonden invests in Zaplox
(2011-11-02)
Trustpilot raises EUR 3.3 million
(2011-11-01)
Trustpilot raises EUR 3.3 million
(2011-11-01)
Stofa acquires part of Canal Digital's cable TV business in Denmark
(2011-10-31)
Firmafon raises additional capital
(2011-10-27)
Incitia Ventures completes Algeta exit
(2011-10-24)
EQT Expansion Capital I sells PharmaZell to Ergon Capital Partners
(2011-10-19)
Creandum and Index Ventures invests in iZettle
(2011-10-19)
Creandum and Index Ventures invests in iZettle
(2011-10-19)
EQT sells ISS in £5.2 billion trade sale to G4S
(2011-10-17)
Euromaint divests Euromaint Industry
(2011-10-17)
EQT sells ISS to G4s plc for £5.2 billion
(2011-10-17)
Viafin makes add-on investment
(2011-10-14)
Capidea buys 70 percent of Klokkerholm Karosseridele
(2011-10-13)
CapMan Technology 2007 exits Movial Applications
(2011-10-11)
Bandak Group acquires Strata Marine & Offshore
(2011-10-11)
EQT III sells VTI Technologies to Murata Manufacturing
(2011-10-11)
Industrifonden invests in Heliospectra
(2011-10-11)
Platina Partners invest in Jädraås Vindkraft
(2011-10-10)
Warburg Pincus invests in Explora Petroleum
(2011-10-07)
Follow-up investment in Dualog
(2011-10-06)
Lumesse buys e-learning company Edvantage
(2011-10-06)
Sentica acquires majority of Puulio
(2011-10-04)
Norvestor divests RenoNorden in secondary transaction
(2011-10-04)
Walki Group acquires two add-on companies
(2011-10-03)
Walki Group acquires two add-on companies
(2011-10-03)
Walki Group acquires two add-on companies
(2011-10-03)
Polaris invests in Bergteamet
(2011-09-30)
Descom acquires Konehuone
(2011-09-30)
WHEB Partners invests in Green Energy Group
(2011-09-29)
Polaris invests in Scandinavian Track Group
(2011-09-29)
Fouriertransform invests in Pelagicore
(2011-09-28)
Norvestor sells RenoNorden to Accent and CapVest
(2011-09-27)
Norvestor sells RenoNorden to Accent and CapVest
(2011-09-27)
Norvestor sells RenoNorden to Accent and CapVest
(2011-09-27)
Profita invests in Finnsweet
(2011-09-27)
KTH Chalmers Capital invests in Euroling
(2011-09-23)
Neo Technology raises USD 10.6 million
(2011-09-21)
Neo Technology raises USD 10.6 million
(2011-09-21)
Neo Technology raises USD 10.6 million
(2011-09-21)
Segulah III acquires outstanding shares in Kemetyl
(2011-09-20)
Intera invests in Tamtron
(2011-09-20)
Segulah's portfolio company CCS/Opus acquires Antibac
(2011-09-20)
Innovationskapital sells Cellartis
(2011-09-16)
Midvest Fondene increases ownership in Salsnes Filter
(2011-09-14)
Scan Coin aquires Sotremo
(2011-09-12)
Procuritas acquires Farma Holding
(2011-09-12)
Sitra invests in Savosolar
(2011-09-09)
Orphazyme raises EUR 14 million
(2011-09-08)
Orphazyme raises EUR 14 million
(2011-09-08)
Sitra exits Scancool
(2011-09-08)
Litorina's Björnkläder buys two add-ons and changes name to Grolls
(2011-09-07)
Maj Invest Equity acquires stake in R2 Group
(2011-09-05)
IK Investment Partners sell Etanco to 3i
(2011-09-05)
Sentica acquires stake in Kotipizza
(2011-09-02)
IK Investment Partners exits Idex
(2011-09-02)
ProVenture sells New Index
(2011-09-02)
ProVenture invests in Conoptica
(2011-09-02)
Sting Capital invests in Antrad Medical
(2011-08-31)
TPG Capital acquires 30 percent of Saxo Bank
(2011-08-25)
Industrifonden participates in SEEC finance round
(2011-08-24)
FII invest in Academica
(2011-08-24)
Chalmers Innovation invests in Zipper
(2011-08-24)
Inventure exits Protie
(2011-08-24)
Sponsor Capital sells Lujapalvelut
(2011-08-18)
FII puts EUR 2 million in Multitouch
(2011-08-16)
Valedo acquires Corbel from Sentica
(2011-07-28)
Priveq sells Carmel Pharma
(2011-07-27)
Procuritas acquires Perimeter Protection
(2011-07-27)
Sponsor Capital exits Erätukku
(2011-07-20)
Litorina´s portfolio company Semantix buys Dome Information
(2011-07-20)
EQT acquires Atos from Nordic Capital in Secondary deal
(2011-07-19)
Accent Equity acquires stake in Corvara
(2011-07-13)
Verdane to sell shareholding in Scanbio
(2011-07-13)
Verdane exits Forte
(2011-07-13)
Polaris sells majority stake in Pysslingen
(2011-07-13)
Operator Systems attracts funding
(2011-07-13)
Arcus-Gruppen acquires majority in Excellars
(2011-07-11)
Ratos sells Medisize
(2011-07-11)
poLight raises NOK 100 million in round B funding
(2011-07-07)
Incitia Ventures partly exits Algeta
(2011-07-07)
Biolin Scientific acquires Sophion Bioscience
(2011-07-06)
Sentica exits Miratel
(2011-07-06)
Polaris acquires Avanti Wind Systems
(2011-07-05)
Restructuring of CMA Microdialysis
(2011-07-04)
Sol Voltaics attracts funding
(2011-07-01)
Industrifonden invests in Burt
(2011-07-01)
Eastway merges with Norwegian AVAB CAC
(2011-06-30)
Herkules acquires Hjelp24
(2011-06-29)
Energy Ventures invests in PWA
(2011-06-29)
Vitruvian Partners invest in Flexpay
(2011-06-29)
Industrifonden invests in Apica
(2011-06-28)
Verdane acquires e-commerce portfolio
(2011-06-28)
Verdane acquires e-commerce portfolio
(2011-06-28)
Verdane acquires e-commerce portfolio
(2011-06-28)
Verdane acquires e-commerce portfolio
(2011-06-28)
Verdane acquires e-commerce portfolio
(2011-06-28)
Verdane acquires e-commerce portfolio
(2011-06-28)
Verdane acquires e-commerce portfolio
(2011-06-28)
EQT sells Securitas Direct
(2011-06-24)
Industrifonden invests in Bone Support
(2011-06-24)
CapMan invests in Solera
(2011-06-24)
3i sells KemFine to CABB
(2011-06-23)
CapMan sells remaining stake in A&R Carton
(2011-06-23)
Suomen Telecenter becomes part of Mediapex
(2011-06-21)
Mendor attracts funding
(2011-06-21)
Forsway receives funding from Almi Invest
(2011-06-21)
Norinnova Invest makes follow-up investments
(2011-06-20)
Norinnova makes follow-up investments
(2011-06-20)
Priveq invests in El-Björn
(2011-06-16)
Altor Fund III has acquired Orchid Orthopedic Solutions
(2011-06-15)
3i sells Ålö to Altor
(2011-06-14)
Altor acquires Ålö
(2011-06-14)
MB Funds sell Mainio Vire to HgCapital
(2011-06-14)
HgCapital acquires Mainio Vire
(2011-06-14)
Delete Group acquires three companies
(2011-06-14)
Delete Group acquires three companies
(2011-06-14)
Sekal attracts funding
(2011-06-11)
Smile acquires Thea Tandhälsa
(2011-06-10)
Baggium divests care & treatment division
(2011-06-08)
Altor acquires CTEK/Creator group
(2011-06-08)
FSN Capital divests CTEK/Creator group
(2011-06-08)
EQT sells Cimbria to Axcel
(2011-06-03)
Axcel acquires Cimbria from EQT Opportunity
(2011-06-03)
Sentica acquires the majority of Citec
(2011-06-03)
Innovationskapital sells their share in Ignis
(2011-06-03)
Amadeus-backed Transmode IPOs on NASDAQ OMX Stockholm
(2011-06-01)
Triventus attracts funding
(2011-05-30)
Industrifonden invests SEK 20 million in Hövding Sverige
(2011-05-30)
EQT invests EUR 40 million in Coromatic
(2011-05-30)
Triventus attracts funding
(2011-05-30)
Litorina sells Coromatic to EQT in secondary transaction
(2011-05-30)
Accel Partners invest in game developer Supercell
(2011-05-30)
Vaaka Partners exits Reima
(2011-05-26)
Industrifonden invests in Keybroker
(2011-05-24)
Nordic Capital floats Finnveden
(2011-05-23)
Chalmers Innovation makes seed investment
(2011-05-23)
Polaris sells Emotron
(2011-05-20)
Takeda acquires Nycomed
(2011-05-19)
Takeda acquires Nycomed
(2011-05-19)
Thermo Fisher Scientific to acquire Phadia
(2011-05-19)
Follow-up investment in SnapTV
(2011-05-19)
Basefarm acquires Bluedome
(2011-05-18)
Newly established Alder makes first acquisition
(2011-05-17)
Notion Capital invests in Danish company Tradeshift
(2011-05-16)
Innovationskapital invests in Paxport
(2011-05-16)
Altor buys Elixia from Norvestor in secondary deal
(2011-05-16)
Norvestor sells Elixia to Altor
(2011-05-16)
Capricorn investes EUR 2 million in Nexstim
(2011-05-12)
Almi Invest et al. invest SEK 10 million in The Local
(2011-05-12)
Segulah acquires CCS and Opus Health Care
(2011-05-11)
Segulah acquires CCS and Opus Health Care
(2011-05-11)
Behaviosec receives EUR 1 million venture investment
(2011-05-10)
Creandum and Acton invest in Linas Matkasse
(2011-05-10)
Via Venture Partners invests in B.V. Electronic
(2011-05-06)
Aleris acquires Proxima
(2011-05-05)
CapMan sell Proxima to Aleris
(2011-05-05)
CapMan sells Proxima to Aleris
(2011-05-05)
CapMan sells Proxima to Aleris
(2011-05-05)
CapMan sells Proxima to Aleris
(2011-05-05)
STING Capital participates in Scint-X funding
(2011-05-05)
Conor invests in Scint-X
(2011-05-05)
Valedo invests in Akademikliniken
(2011-05-04)
It's learning acquires Dutch competitor
(2011-05-03)
It's learning acquires Dutch competitor
(2011-05-03)
Reiten invests in StormGeo
(2011-05-03)
Fouriertransform buys 45 percent stake in Jobro Plåtkomponenter
(2011-05-03)
Inwido acquires Pro Tec Vinduer
(2011-04-29)
Nordic Capital exits Falck
(2011-04-28)
Accent Equity acquires 50 percent of Hoist
(2011-04-28)
BookNorway attracts funding
(2011-04-27)
Vaaka Partners acquires Ovenia
(2011-04-26)
Fairchild Semiconductor acquires TranSic
(2011-04-20)
Fairchild Semiconductor acquires TranSic
(2011-04-20)
Fairchild Semiconductor acquires TranSic
(2011-04-20)
HitecVision Asset Solutions invests in BassDrill
(2011-04-19)
Apply Sørco buys Altra Energy from STG
(2011-04-18)
SCAN COIN acquires Sophus Clausen
(2011-04-15)
Segulah completes re-capitalization of Almondy
(2011-04-15)
Nordic Capital acquires diagnostics company The Binding Site
(2011-04-15)
Ferd buys 89 percent of Mestergruppen
(2011-04-14)
Ferd Capital invests in Cfengine
(2011-04-14)
Follow-up investment in 2K Tools
(2011-04-14)
Karolinska Development invests in BioChromix
(2011-04-13)
Reiten invests in Webstep
(2011-04-13)
FSN invests in HusCompagniet
(2011-04-12)
Energy Capital Management exits Stingray
(2011-04-12)
Energy Ventures exits Stingray
(2011-04-12)
Investinor invests in OceanSaver
(2011-04-11)
Reef Subsea divests Bluestone Offshore
(2011-04-07)
Almi Invest invests in I-Tech
(2011-04-06)
Midvest Fondene invests in Pharma Marine
(2011-04-06)
Ferd sells Ship Equip to Inmarsat
(2011-04-04)
Wirescan closes NOK 10 million finance round
(2011-03-31)
Aluwave receives funding from Almi Invest
(2011-03-31)
Herkules sells Nille to BC Partners
(2011-03-29)
Segulah exits Exotic Snacks
(2011-03-28)
Reno Norden buys Nord-Ren
(2011-03-25)
Vaaka Partners invests in Nesco Group
(2011-03-24)
New Store Europe and Kleerex join forces
(2011-03-24)
Add-on investment for Ratos-backed MCC
(2011-03-23)
EQT sells Kabel BW to American company Liberty Global Inc.
(2011-03-22)
Midvest II exits Nor-X Industry
(2011-03-22)
EQT sells Kabel BW to American company Liberty Global Inc.
(2011-03-22)
Ratos acquires Finnkino
(2011-03-21)
Industrifonden invests in Airec
(2011-03-21)
Orphazyme raises DKK 22 million
(2011-03-18)
American Superconductor acquires The Switch Engineering
(2011-03-18)
American Superconductor acquires The Switch Engineering
(2011-03-18)
CapMan and Cardinal Foods sells subsidiary Norsk Kylling
(2011-03-15)
Ackra Invest buys a share of LRS Agri
(2011-03-11)
Accel Partners invests in Angry Birds developer Rovio
(2011-03-10)
Altor buys 90.5 percent of E.ON ES from E.ON Sverige
(2011-03-10)
Smartfish receives funding
(2011-03-10)
Herkules invests in Norsk Jernbanedrift
(2011-03-08)
EQT and Gambro divest CaridianBCT to Terumo Corporation
(2011-03-08)
Norse Cutting & Abandonment sold to Oceaneering
(2011-03-08)
HitecVision and SPT sell subsidaries Bennex and Poseidon
(2011-03-08)
Rutinera attracts funding
(2011-03-05)
Vetrea acquires Palvelupuisto Otsola
(2011-03-03)
Accent Equity acquires Autotube
(2011-03-02)
Herkules and Elis acquire Process Vision
(2011-03-02)
Bisnode acquires Lindorff Decision and Lindorff Match
(2011-02-24)
Accent Equity invests in Hööks Hästsport
(2011-02-22)
Seed Capital invests in Medichanical Engineering
(2011-02-18)
Procuritas invests in Norwegian education provider Sonans
(2011-02-17)
Altor acquires Norwegian company Veolia Miljø
(2011-02-17)
Voddler raises USD 8 million
(2011-02-17)
KGH Customs Services acquires Kuper Douaneservice
(2011-02-16)
Promimic receives SEK 10 million in seed funding
(2011-02-14)
Sunstone Capital invests in Podio
(2011-02-11)
Fagerberg & Dellby acquire BIG BAG
(2011-02-09)
Fagerberg & Dellby make first investment
(2011-02-08)
Conor Venture Partners backs Sensinode - the Internet of Things
(2011-02-08)
Wright Trafikkskole expands in Norway
(2011-02-08)
Altor sells Ferrosan to Pfizer
(2011-02-07)
Chevron invests in Cubility through Finance Round
(2011-02-03)
Northzone invests in BraveNewTalent.com
(2011-02-03)
Investinor divests Think
(2011-02-03)
Sarsia Seed invests in Sea-Hawk Navigation
(2011-02-02)
Herkules acquires Popkorn
(2011-01-31)
KGH Customs Services acquires Kuper
(2011-01-31)
Stream acquires Ahlsell Oil & Gas
(2011-01-28)
Align acquires Origo Engineering
(2011-01-28)
New finance round for Trustpilot
(2011-01-26)
CapMan funds buy 80 percent of Design-Talo
(2011-01-24)
Axcel sells EskoArtwork
(2011-01-21)
Industrifonden invests SEK 40 million in InDex Pharmaceuticals
(2011