Wiersholm advised Multiconsult ASA on the deal.
Multiconsult ASA (OSE: MULTI) has entered into an agreement to purchase 100% of the shares of Erichsen & Horgen AS, a leading Norwegian engineering consultancy with a strong market position within buildings construction, HVAC, WWT, energy, environment and sustainability.
The enterprise value (EV) of Erichsen & Horgen is agreed at NOK 410 million – on a cash and debt free basis. The consideration will be settled with 80% cash and 20% shares to the sellers. The share price will be based on the volume weighted average share price of Multiconsult five days prior to closing. The cash portion of the consideration will be funded from existing cash and increase in the existing revolving credit facility.
Multiconsult is one of the leading firms of consulting engineers and designers in Norway and Scandinavia.
The Wiersholm team consisted of Nicolay Vold (Picture), Anders Teigen Bakke, Anna Malene Wickmann, Line Helen Haukalid, Håkon Marius Mørch and Rakel Eilertsen.
Involved fees earner: Rakel Eilertsen – Wiersholm; Line Helen Haukalid – Wiersholm; Håkon Marius Mørch – Wiersholm; Anders Teigen Bakke – Wiersholm; Nicolay Vold – Wiersholm; Anna Malene Wickmann – Wiersholm;
Law Firms: Wiersholm;
Clients: Multiconsult ASA;