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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| Fund | HitecVision V LP Argentum share 10.72% |
| Portfolio Company | Spring Energy |
| Date of Transaction | 2008-04-24 |
| Transaction | Acquisition |
| Seller | |
| Buyer | HitecVision V LP |
| Size of Transaction | USD 120.0m |
| Ind. Focus | Energy |
| Geography | Norway |
| Stage | Small/mid-cap buyout |