Network Electronics, a provider of video transportation equipment will further strengthen its position and increase their product portfolio through the acquisition of Video Products Group (VPG) in the US. FPEF II participates in a targeted share issue in Network Electronics to finance the acquisition of VPG.
Gert W. Munthe, managing partner in Ferd Equity Partners, strongly believes in Network Electronics and the combination with VPG. “The industry is experiencing high growth, Network and VPG have solid positions, and their products are highly complementary. The industry is fragmented, and there are attractive opportunities for growth, also through acquisitions. Network fits well with our investment philosophy; to invest in solid Norwegian companies, to grow them and to further strengthen their positions.”
Ferd Private Equity Fund II is an investment fund with NOK 4.25 billion in committed capital from Norwegian and international investors. FPEF II has financial strength enabling the fund to take dominant ownership positions in well-established companies with potential for further growth. Ferd Private Equity Fund II has previously acquired Nille, Micro-Matic Norge, Hatteland Display, Festival Group, EFG European Furniture Group and Aibel. Ferd Private Equity Fund I was established in 2004 and has the following portfolio companies: Pronova BioPharma, Noratel, Handicare, Wonderland, Carpe Diem Beds of Sweden and D&F Group.
Ferd Equity Partners AS is the exclusive investment adviser to Ferd Private Equity Fund. Ferd Equity Partners is headed by Gert W. Munthe, Morten Blix, Tore Rynning-Nielsen and Dag W. R. Strømme.
Contact:
Managing Partner, Ferd Equity Partners AS: Gert W. Munthe
Phone: +47 67 10 80 50, mobile: +47 92 02 23 63