Fastighets AB Balder (publ) (OM:BALD B) signed an agreement to acquire Asset Buyout Partners AS from HitecVision VII LP managed by HitecVision AS (OTCNO:HITV) on May 5, 2021. In the year ended December 31, 2020, Asset Buyout Partners AS generated Net Operating income of NOK 560 million. The transaction is conditional upon approval by Norwegian Competition Authority. Norwegian Competition Authority has approved the transaction. The transaction is expected to close at the beginning of third quarter of 2021. As a result, Balder will take possession of Asset Buyout Partners AS on 1 July 2021. Pangea Property Partners and Jefferies acted as joint lead advisors to HitecVision and Asset Buyout Partners in connection with the transaction and BAHR served as legal counsel. Haavind served as legal counsel for Fastighets AB Balder. Jefferies, Inc. acted as financial advisor to HitecVision and Asset Buyout Partners.

Fastighets AB Balder (publ) (OM:BALD B) completed the acquisition of Asset Buyout Partners AS from HitecVision VII LP managed by HitecVision AS (OTCNO:HITV) on June 24, 2021.