Alpha has acted as financial advisor to HitecVision, the Private Equity group, in creation of Moreld, an industrial group with 20 HitecVision portfolio companies.
HitecVision has combined 20 companies from different HitecVision funds, predominantly oil service-related businesses, to create Moreld. Moreld shall be an industrial grouping with a longer term mission to create value in the oil service and renewables segments.
Alpha has performed a valuation of all the companies in the group as well as provided HitecVision with a fairness opinion on the exchange ratios in the merger of the holdings.
Moreld is a group of companies in the energy industries with combined revenue of NOK 8.8 billion, an aggregate EBITDA of NOK 483 million and approximately 3600 employees.
HitecVision is a leading provider of institutional capital to the North Sea region's energy industry, providing financing solutions for companies and projects within natural gas and oil production, midstream and infrastructure. HitecVision has been investing in the North Sea region for more than three decades, and the firm’s sector expertise and structuring capabilities permits us to build companies that combine capital preservation with equity return upside potential.