News

The Nordic consulting group ARC Arise Consulting has acquired the Norwegian company Oceans. Together, they form one of the largest consulting groups in the Nordic region with nearly 1200 consultants specializing in strategy, technology, innovation, design, and communication. Altor Equity Partners is the leading external investor supporting the groups growth journey. We are proud to have assisted ARC, in cooperation with Hammarskiöld, in this transaction.

We are proud to have assisted Cartesian as legal advisers in this successful funding round. Cartesian, a provider of modular and cost-effective energy storage systems managed to raise NOK 23 million, in addition to NOK 8 million in R&D funds from Norges Forskningsråd and Innovation Norway.

Today, sensiBel, a Norwegian scale-up, announced a significant milestone with the successful closure of their EUR 7 million funding round. The investment was led by Sennheiser, a global leader in professional audio, along with participation from existing shareholders including TRUMPF Venture, Skagerak Capital, Investinor, SINTEF Venture, MP Pensjon, and Halden Kommunale Pensjonskasse. We are proud to have acted as legal advisers to SensiBel throughout this transaction.

On 3 July 2023, INPEX Idemitsu Norge agreed to sell its participating interests in the Statfjord Øst and Sygna fields to Longboat Japex Norge, and on 31 January 2024 the transaction was completed. We are pleased to have served as legal advisors to INPEX Idemitsu Norge in this process.

Greenpeace and Natur og Ungdom, two Norwegian environmental organisations, won their lawsuit against the Norwegian state on Thursday 18 January 2024. Oslo District Court handed down a decision which invalidated the Ministry of Energy’s approval of the Plans for Development and Operations for three oil and gas fields on the NCS. The projects in question are Breidablikk, Tryving and Yggdrasil.

Fara is a valued provider of software and technology solutions to the public transport industry in the Nordics. We are pleased to have assisted Ticketer Group as legal advisors with the sale of the company to Modaxo, a global collective of technology companies.

We are proud to have assisted DCC plc in the purchase of all the shares in Solcellekraft. Over the past few years, the Norwegian startup has experienced significant growth.

We are proud to have assisted ERGO, one of Europe's leading financial conglomerates in insures, with this acquisition. The transaction was signed today and is expected to be completed in the first quarter of 2024, with an estimated positive impact of approximately NOK 1.1 billion on Storebrand's Group results.

Exciting times for the Norwegian start-up Strise who successfully raised USD 10.8 million. The majority of investments come from Skype founder Niklas Zennström and his London-based venture capital firm, Atomico.

We are pleased to have assisted INPEX Idemitusu Norge with the sale of production assets in the Statfjord area to Longboat Energy Norge, for USD 12.75 million.

The European Commission published its new guidelines for horizontal cooperation agreements on 1 June, which means that existing practice and guidelines from the Norwegian Competition Authority (“the NCA”) for tender and project cooperation must be changed.

Faced with more complex threats to national security, increased interest to invest in Norwegian companies and the war in Ukraine, the Norwegian Parliament has adopted new rules strengthening the investment screening regime.