Deal

Norvestor Sells SCAN Geophysical shares

Norvestor IV makes its first exit by selling a part of its shares in SCAN Geophysical ASA, an international seismic data acquisition company, prior to the company being listed on the Norwegian stock exchange. .  

Norvestor IV sold 9,500,000 shares at NOK 28 per share, making the fund a gross profit of EUR 32.5 million.

The fund remains the majority shareholder in the company with a 21.77 percent stake. The initial investment in SCAN was made in October 2005.

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FundNorvestor IV Argentum share 36%
Portfolio CompanySCAN Geophysical
Date of Transaction2007-05-14
TransactionIPO
Seller
Buyer
Size of TransactionEUR 32.5m
Ind. FocusEnergy
GeographyNorway
StageSmall/mid-cap buyout
 

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Ownership

 
36%
Norvestor IV
 
SCAN Geophysical
 
 

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