The Norwegian shipping tech company Navtor may be on the verge of being sold, with Swedish private equity firm EQT reportedly among the interested parties. This is according to Affärsvärlden, citing sources.
Navtor develops digital navigation systems, nautical charts, and software for the merchant fleet. The company surpassed NOK 1 billion in revenue in 2024, up from NOK 768 million the previous year.
According to reports, the company's adjusted EBITDA, measured on an annual basis, amounts to around €35 million. With valuation multiples of 10-15x EBITDA, this could imply a valuation of approximately €350-500 million, equivalent to SEK 4-6 billion.
Major shareholder Accel-KKR is said to be considering an exit, but denies that any sales process is currently underway or planned in the near future, the newspaper writes.
KKR & Co. Inc. is a financial services group organized around 2 areas of activity:
- insurance (67% of revenues): notably life insurance and pensions. The group also offers reinsurance solutions for private and institutional clients;
- asset management (33%): management of private equity funds, equity funds, alternative credits, real estate assets, energy and infrastructure assets, investment funds, etc. In 2024, KKR & Co. Inc. has USD 637,572 million of assets under management.
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