PRINT THIS PAGE Ferd Private Equity acquires Noratel in first transaction since closing fund07/01/2005. Source: AltAssets. 
 Norwegian buy-out firm Ferd Private Equity has acquired 85 per cent of Norway-based Noratel, a manufacturer and distributor of transformers. This is FPE's third acquisition and the first since the final closing of its fund.
Noratel supplies transformers to manufacturers of machines and electrical products. For 2004 the company has announced revenues of approximately NOK300m.
FPE is an investment fund with NOK2.0bn in committed capital. Investors include industrial group Ferd AS, the largest investor, Orkla, Storebrand Livsforsikring and the Third Swedish National Pension Fund.
Copyright © 2005 AltAssets
|
