Houlihan Lokey Advises EQT (4)

Houlihan Lokey is pleased to announce that StormGeo, a portfolio company of EQT, has been acquired by Alfa Laval. The transaction closed 1 June 2021.

StormGeo is a leading global provider of software-based decision support for weather-sensitive operations. The company was founded in 1997 as a spinoff from Norway’s largest commercial broadcaster, TV2, and today provides weather-centric services for a variety of industries, including shipping, renewables, oil and gas, and onshore industries such as healthcare, hospitality, and retail. The company is headquartered in Bergen, Norway, and has 24 offices in 15 countries and approximately 515 employees.

EQT is a purpose-driven global investment organisation with more than €67 billion in assets under management across 26 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific, and the Americas with total sales of approximately €29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence, and market leadership.

Alfa Laval is active in the areas of energy, marine, and food and water, offering its expertise, products, and service to a wide range of industries in some 100 countries. The company is committed to optimising processes, creating responsible growth, and driving progress—always going the extra mile to support customers in achieving their business goals and sustainability targets. Alfa Laval’s innovative technologies are dedicated to purifying, refining, and reusing materials, promoting more responsible use of natural resources. They contribute to improved energy efficiency and heat recovery, better water treatment, and reduced emissions. Thereby, Alfa Laval is not only accelerating success for its customers, but also for people and the planet—making the world better, every day.

Houlihan Lokey served as the exclusive M&A advisor to EQT and StormGeo and assisted in initiating, structuring, and negotiating the transaction on their behalf. This transaction further enhances the Data & Analytics Group’s track record in weather- and natural-resource-related businesses in the data, analytics, and software sector. Other closed transactions in the sector include the sales of Kynetec to Paine Schwartz Partners; Aurora Energy Research to CGE Partners; RigData from S&P Global Platts to Drillinginfo; Ikon Science to Great Hill Partners; Weather Decision Technologies to DTN; Poten & Partners to BGC; and RISI to Euromoney Institutional Investor*. This transaction also highlights Houlihan Lokey’s ability to navigate challenges of the COVID-19 pandemic to deliver outstanding results to the selling shareholders.

*closed at Quayle Munro prior to its acquisition by Houlihan Lokey to establish the Data & Analytics Group.