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”).

Garda is a leading perimeter security company with operations in Norway and Finland. The company was established by Longship when six perimeter security companies and one road safety company were combined to create the market leading player in Norway. Garda expect to deliver revenues of more than NOK 1 billion in 2023 with strong profitability, representing a tripling in size since the original establishment of the group in 2017. Garda has undergone a significant transformation, including legal and organizational restructuring, centralization of procurement, implementation of digital systems, employee education programs, sustainability initiatives, cross-utilization of resources, and other value-added offerings. During Longship’s ownership period, Garda has become the clear Nordic leader within physical security and is positioned for further expansion.

“We are proud of the leading position Garda has taken. It has been an exciting journey supporting Garda in its establishment and initial growth phase. We are confident that the company is well-positioned for continued strong development in the Nordics and beyond.”, says Espen Stenumgård, partner in Longship.

“We have enjoyed the cooperation with Longship and their support to build the Nordic champion within physical security. Together with Longship, we have built the strongest integrated platform in the Nordics and completed several accretive and synergistic add-ons. Garda has become a company and a journey that all stakeholders can be proud of.”, says Jon Ola Stokke, CEO of Garda.

 

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 and Digitalization, Sustainability, Leisure and Lifestyle, and Health and Care. The investment team consists of eleven professionals, making Longship the leading player in the Norwegian lower mid-market. Longship closed its third fund in January 2023 and has approx. NOK 5.2bn of assets under management.

 

Other press releases

Friday 12. July 2024

Longship Fund I exit its investment in Sensio to Nordic Capital

Longship became majority owner of Sensio in 2018. Through this transaction Longship is fully realizing the investment from Fund I and is making a new investment from its latest Fund III. Longship will continue their active ownership involvement and, in cooperation with Nordic Capital, support the company in the next stage of Nordic and international expansion.
Read more
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