Longship becomes majority shareholder in ExorLive
Longship Fund III LP (“Longship”), a Norwegian private equity firm has acquired a majority ownership stake in ExorLive, a Nordic provider of digital solutions for exercise and rehabilitation in public and private healthcare.
ExorLive has for more than 20 years supported healthcare professionals, municipalities and institutions with science-based tools that make it easier to deliver high-quality training, rehabilitation and follow-up for citizens and patients. The partnership with Longship will support the company’s next phase of growth, while maintaining continuity in both strategy and operations.
As part of the transaction, ExorLive’s CEO and co-founder Jørgen Bondy and CTO and co-founder Vilhelm Heiberg are reinvesting a significant share of their ownership and will continue in their current roles. Together with Longship, management is aligned around a shared growth plan focused on further product development, customer value and long-term impact.
“ExorLive is a SaaS company with a clear purpose and a strong position in a critical part of society,” said Johan Anstensrud, partner at Longship. “We are impressed by what the team has built over time and by the trust they have earned from public and private healthcare customers. We look forward to supporting the company’s continued development in close partnership with management.”
“Having Longship on board as majority owner gives us a strong and aligned partner for the road ahead,” said Jørgen Bondy, CEO of ExorLive. “We share a long-term perspective and a common ambition to continue building solutions that support better health outcomes, while making work easier for the institutions and professionals who rely on our solutions every day. The company will continue to operate with a clear focus on delivering reliable, secure and effective solutions that contribute positively to public health and society at large.”
Longship was advised by KPMG, Wiersholm, and Advisense.
For more information, please contact:
Johan Anstensrud, Partner, Longship
+47 901 13 875
johan.anstensrud@longship.no
Jørgen Bondy, CEO, ExorLive AS
+47 988 53 094
jorgen@exorlive.no
About ExorLive:
ExorLive is a leading, Nordic provider of digital solutions for training, rehabilitation, and physical activity, headquartered in Oslo. The company offers a comprehensive platform that enables health professionals, rehabilitation specialists, and fitness experts to easily create, share, and manage quality-assured exercise routines, training programs, and planning tools that inspire movement and support users’ overall health and wellness.
About Longship:
Longship is a Norwegian private equity investor established in 2015. Longship invests in companies with significant growth potential in the Norwegian lower mid-market, and is applying a transformational growth approach, organically and through M&A. Longship pursue a thematic investment strategy, supporting long-term sustainable businesses within Technology Adoption, Sustainability, Quality of Life, and Resilient Societies. The investment team consists of fourteen professionals, making Longship the leading player in the Norwegian lower mid-market. Longship manages three buyout funds and has approximately NOK 5.2 billion of assets under management.