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Private Equity
herkulescapital.no

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Investments

13

Portfolio Exits

13

Funds

4

Partners & Customers

1

About Herkules Capital

Herkules is a Private Equity firm in Norway and has raised funds totaling about NOK 15 billion. The firm invests in companies located in the Nordic region, primarily in Norway, and acquire majority interests in established businesses with strong growth potential. Herkules Capital has a proven experience in working in partnership with existing shareholders. Its approach to ownership is industrial and long term, and is built on fundamental respect for the history, culture and experience within each individual company.

Herkules Capital Headquarter Location

Haakon VII's gt. 5B Entrance from Munkedamsveien

Oslo, 0161,

Norway

+47 22 04 80 00

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Latest Herkules Capital News

E. J. McKay advises Norwegian Private Equity Fund Herkules Capital on the sale of Beckmann AS to Shanghai M&G Stationery Group

Aug 17, 2021

Intellasia East Asia News 17-Aug-2021 Intellasia | PR Newswire Asia | 5:12 PM OSLO, Norway and SHANGHAI, Aug. 17, 2021 /PRNewswire/ -- Norwegian Private Equity Fund Herkules Capital signed a definitive agreement to sell its portfolio company Beckmann AS to Shanghai M&G Stationery. E. J. McKay acts as the exclusive financial advisor to Herkules in the transaction. James Li, Chairman of E. J. McKay, commented, "We are pleased to act as the exclusive financial advisor to Herkules Capital on the transaction. The Transaction is yet another example of E. J. McKay's expertise in the consumer and education industries and demonstrates our deep relationships in Europe and China." He further added, "The entire transaction process and documentation was conducted in virtual space without physical meetings. Technology enabled the technical work, our team's personal relationships in both Norway and China enabled the deal." About Herkules Capital Founded in 2004, Herkules is a leading Private Equity firm in Norway and invests in companies located in the Nordic region, primarily in Norway, and acquires majority interests in established businesses with strong growth potential. Herkules has made in close to 100 investments, comprising add-ons and 34 platform investments. It has one of the largest investment teams in Norway. About Beckmann Founded 75 years ago, Beckmann is a leading global backpack brand with its origin in Norway, supplying ergonomic backpacks and high-quality schoolbags for children around the world. Beckmann products are sold over 20 countries around the world. While languages and cultures differ, children around the world love Beckmann backpacks. About M&G Shanghai based M&G stationary is one of the largest stationery companies in the world. M&G covers over 80,000 retail terminals in China and distributes products in over 50 countries and regions. The company is listed on the Shanghai Stock Exchange. About E. J. McKay E. J. McKay is an independent investment bank with a focus on Asia-related transactions. The Firm is headquartered in Shanghai and present in major financial centers around the world. E. J. McKay's services include M&A, strategic advisory and capital raising. E. J. McKay pioneered the China - Nordic transaction corridor, initiated the capital flows between China and India and has a history of advising clients on some of the most significant and complex transactions between China and Europe, North America, India, Latin America, and rest of the world.

Herkules Capital Investments

13 Investments

Herkules Capital has made 13 investments. Their latest investment was in 99X as part of their Private Equity on August 8, 2021.

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Herkules Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/16/2021

Private Equity

99X

$20M

Yes

2

7/23/2015

Private Equity

Linas Matkasse

$31.44M

Yes

1

6/29/2011

Private Equity

Stamina Hot

Yes

1

3/23/2011

Private Equity

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$99M

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10

3/2/2011

Private Equity - II

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$99M

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10

Date

8/16/2021

7/23/2015

6/29/2011

3/23/2011

3/2/2011

Round

Private Equity

Private Equity

Private Equity

Private Equity

Private Equity - II

Company

99X

Linas Matkasse

Stamina Hot

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Amount

$20M

$31.44M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

1

10

10

Herkules Capital Portfolio Exits

13 Portfolio Exits

Herkules Capital has 13 portfolio exits. Their latest portfolio exit was Linas Matkasse on March 29, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/29/2021

IPO

1

12/16/2020

IPO

1

5/13/2019

Acq - Fin - II

1

00/00/0000

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10

00/00/0000

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10

Date

3/29/2021

12/16/2020

5/13/2019

00/00/0000

00/00/0000

Exit

IPO

IPO

Acq - Fin - II

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Companies

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Valuation

Acquirer

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Sources

1

1

1

10

10

Herkules Capital Acquisitions

28 Acquisitions

Herkules Capital acquired 28 companies. Their latest acquisition was Odlo on May 18, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/18/2020

Secondary Market

Shareholder Liquidity

1

6/3/2015

Acq - Fin

Acq - Fin

1

3/23/2015

Acq - Fin

Acq - Fin

1

2/25/2014

Acq - Fin

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$99M

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10

1/10/2014

Acq - Fin

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$99M

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10

Date

5/18/2020

6/3/2015

3/23/2015

2/25/2014

1/10/2014

Investment Stage

Secondary Market

Acq - Fin

Acq - Fin

Acq - Fin

Acq - Fin

Companies

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Valuation

Total Funding

$99M

$99M

Note

Shareholder Liquidity

Acq - Fin

Acq - Fin

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Sources

1

1

1

10

10

Herkules Capital Fund History

4 Fund Histories

Herkules Capital has 4 funds, including Herkules IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/25/2014

Herkules IV

Buyouts & Acquisitions

$367M

1

11/5/2008

Herkules III LP

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$99M

10

10/18/2006

Herkules II LP

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$99M

10

12/20/2004

Herkules I LP

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$99M

10

Closing Date

11/25/2014

11/5/2008

10/18/2006

12/20/2004

Fund

Herkules IV

Herkules III LP

Herkules II LP

Herkules I LP

Fund Type

Buyouts & Acquisitions

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Status

Amount

$367M

$99M

$99M

$99M

Sources

1

10

10

10

Herkules Capital Partners & Customers

1 Partners and customers

Herkules Capital has 1 strategic partners and customers. Herkules Capital recently partnered with iLEVEL Solutions on January 1, 2015.

Date

Type

Business Partner

Country

News Snippet

Sources

1/21/2015

Vendor

iLEVEL Solutions

United States

Herkules Capital Selects iLEVEL for Portfolio Monitoring

iLEVEL , the cloud-based software provider to the private capital market , announced today that Herkules Capital has selected the iLEVEL Platform to streamline their portfolio monitoring process and to create more efficiency in their investor reporting process .

3

Date

1/21/2015

Type

Vendor

Business Partner

iLEVEL Solutions

Country

United States

News Snippet

Herkules Capital Selects iLEVEL for Portfolio Monitoring

iLEVEL , the cloud-based software provider to the private capital market , announced today that Herkules Capital has selected the iLEVEL Platform to streamline their portfolio monitoring process and to create more efficiency in their investor reporting process .

Sources

3

Herkules Capital Team

9 Team Members

Herkules Capital has 9 team members, including current Chief Financial Officer, Adele Bugge Norman.

Name

Work History

Title

Status

Adele Bugge Norman

Chief Financial Officer

Current

Adele Bugge N. Pran

Chief Financial Officer

Current

Sverre Flaskjer

Managing Partner

Current

Cato Haug

Managing Partner

Current

Gert W. Munthe

Managing Partner

Current

Name

Adele Bugge Norman

Adele Bugge N. Pran

Sverre Flaskjer

Cato Haug

Gert W. Munthe

Work History

Title

Chief Financial Officer

Chief Financial Officer

Managing Partner

Managing Partner

Managing Partner

Status

Current

Current

Current

Current

Current

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