Deal

HitecVision invests in Spring Energy Norway

HitecVision's fifth fund, HitecVision V, has signed an agreement to provide USD 120 million in equity financing to the oil and gas company Spring Energy Norway.

Spring Energy Norway AS, located in Oslo, is a start-up oil and gas company actively pursuing growth opportunities in both mature and immature areas on the Norwegian Continental Shelf (NSC).

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FundHitecVision V LP Argentum share 10.72%
Portfolio CompanySpring Energy
Date of Transaction2008-04-24
TransactionAcquisition
Seller
BuyerHitecVision V LP
Size of TransactionUSD 120.0m
Ind. FocusEnergy
GeographyNorway
StageSmall/mid-cap buyout
 

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(2011-07-13)