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New Deal


Announced

Completed

EQT Infrastructure completed the acquisition of Torghatten for $987m.

Financials

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Transaction Value£737m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.9x
EV/EBITDA8x
Share Price Premium14%
One Off Charge-

Tags

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Acquisition

ferry operator

Majority

Private Equity

Single Bidder

Tender Offer

Norway

Marine Transportation

Cross Border

shipping company

Public

Friendly

Completed

Synopsis

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EQT Infrastructure completed the acquisition of Torghatten, a Norwegian shipping company based in Brønnøysund, for $987m. The offer was recommended by the board of Torghatten. "I expect EQT Infrastructure will be a good owner that will execute a sustainable growth strategy to develop Torghatten going forward, from an environmental, social and economic perspective. Throughout this process, EQT has demonstrated its understanding of the important role Torghatten plays in many cities and local communities across large parts of Norway, and that it will continue to build on today’s solid culture and foundation," Roger Granheim, Torghatten CEO.

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