Norvestor V, L.P. makes its first exit when Intelecom Holding sells its subsidiary Intelecom Group to Opplysningen 1881
In the cover letter dated 09 November 2009, we informed that Opplysningen 1881 AS, through its wholly owned subsidiary Carrot Communications AS, entered into a Sale and Purchase Agreement with Intelecom Holding AS (the acquisition vehicle) for the acquisition of all shares in Intelecom Group AS (“Intelecom”).
The Norwegian Competition Authorities have approved the transaction and the sale of Intelecom has now been completed.
For further information:
Jarle Gundersen, Managing Partner in Norvestor Equity
Telephone: +47 92 88 98 38
Henning Vold, Partner in Norvestor Equity
Telephone: +47 90 87 95 81
Intelecom Group AS is a leading company in development, integration, delivery and operation of communication solutions to the enterprise market. The group has subsidiaries in Norway, Sweden, Denmark and the UK and supplies services and solutions that are adapted to the individual customer's business and requirements. Intelecom customers regard communication as business critical and Intelecom addresses this by combining business understanding with advanced communication technology.