Palamon Capital Partners said it has agreed the sale of Eneas Group to Norvestor.
The deal has been made for an undisclosed amount with the transaction expected to close in August.
The company is expected to be led by chief executive Thomas Hakavik.
Jean Bonnavion, partner at Palamon Capital Partners said:“I am delighted with the level of success at Eneas, particularly over the past three years during which time we have grown EBITDA at 40% CAGR. Our investment in Eneas originated from our pan-European thematic strategy, which identifies high-growth businesses supported by resilient sectoral shifts. In line with our investment thesis, Thomas and his team have been able to scale the brokerage business to a position of real strength in a highly-fragmented and competitive supplier market, producing a 3.3x return for our investors.”
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