Friday 27. January 2023

Longship closes third fund at NOK 2.1 billion hard cap

Longship announces first and final close of its third fund at NOK 2.1 billion hard cap in less than four months, despite challenging market backdrop.

Norway-based private equity firm Longship has announced the first and final close of its third fund, Longship Fund III, at NOK 2.1 billion (c. €200 million). The fund, which reached its hard cap less than four months after launch, saw strong demand from institutional investors, securing a 100% re-up rate from existing Longship investors and attracting new money commitments from a select group of purpose-driven investors.

Longship is a deeply experienced investor in the Norwegian lower mid-market, with the partner team investing together for more than 17 years. Its model combines local connectivity, expertise in identifying structural growth trends early, and the ability to build truly strategic assets within its target sub-sectors. Since establishing Longship in 2015, the team has made 14 platform investments, 45 add-ons and exited four businesses delivering top quartile performance.

With Fund III, Longship will continue its unwavering commitment to actively backing growth companies in the Norwegian lower mid-market. Longship supports businesses operating within high-growth sub-sectors, which exhibit the potential to become sustainable, category leaders as the sub-sector scales. As for the previous funds, Fund III will typically target profitable companies in Longship’s four core investment themes: Health and care, Sustainability, Technology & Solutions and Quality of Life. Investee companies will usually be turning over NOK 100-750 million annually at the time of investment.

Longship was advised by Rede Partners, an independent funding advisor to the private equity industry. Goodwin was lead legal counsel in the fundraising.

 

For more information, please contact:

Kai Jordahl, Managing Partner, Longship AS
+47 90 98 22 71
kai.jordahl@longship.no

 

About Longship:

Longship is a Norwegian private equity investor established by a group of experienced investment professionals in 2015. Longship identifies and invests in companies with significant growth potential in the Norwegian lower mid-market and apply a transformational growth approach. The investment team currently consists of eleven professionals, making it the leading player in the Norwegian lower mid-market.

Other press releases

Friday 3. May 2024

Longship Fund III invests in Onsagers

Longship Fund III ("Longship") has entered into an agreement to acquire (60%) of the shares in Onsagers AS. Onsagers is the leading IP law firm and IP management consulting firm in Norway, with a particularly strong position in consulting related to patents, trademarks and the use of intellectual assets. The investment is made from Longship Fund III and establishes a partnership between Longship, partners and the employees of Onsagers. Employees will own (40%) of the shares after the transaction.
Read more
Monday 22. January 2024

Longship Fund III invests in maritime software solution provider Star Information Systems AS

Longship Fund III (“Longship”) has acquired a majority stake in Star Information Systems AS (“STAR”), a global maritime software solution provider. Existing shareholders will stay on as minority investors.
Read more
Friday 4. August 2023

Five companies create new, nationwide group within diving and shallow water services

The regional leading diving companies Dykkerteknikk AS, IMC Diving AS, EB Marine AS, Anleggsdykk AS, and Olav Erik Hagen AS with their subsidiary Norwegian Tunnel Inspection AS have formed a new, nationwide diving services group. The group will become one of Norway’s leading players within shallow water diving and adjacent subsea services, with the highest quality in the marked on both safety and deliverability.
Read more
Friday 7. July 2023

Longship has successfully divested Garda Sikring

Longship Fund I (“Longship”) has, as of June 30th, 2023, divested 100% of its shares in Garda Sikring Holding AS and its subsidiaries (“Garda”) to EMK Capital (“EMK”).
Read more
Friday 27. January 2023

Longship closes third fund at NOK 2.1 billion hard cap

Longship announces first and final close of its third fund at NOK 2.1 billion hard cap in less than four months, despite challenging market backdrop.
Read more
Thursday 1. December 2022

Longship acquires majority in Move

Longship Fund II LP («Longship») has as of the 1st of December 2022 acquired 51% of the shares in Move AS («Move»), joining forces with existing shareholders and management in supporting the company’s continued growth journey.
Read more