1. Overview
1.1 What are the most common types of private equity
transactions in your jurisdiction? What is the current state of the
market for these transactions?
Although the Norwegian private equity
("PE") market ranges from seed and
growth investments by angel and venture capital funds, to leveraged
buyouts ("LBO") and secondary
transactions by PE funds (herewith public-to-private acquisitions
and initial public offering ("IPO")
exits), in 2022, LBO transactions of private targets dominated the
transaction volume, representing 46.2% of the total PE
transactional volume for that year.
Throughout 2022, private equity firms started to experience
increased headwinds with respect to leveraged financing, resulting
in declining private equity deal activity despite significant dry
powder. In 2022, the total Norwegian M&A market continued to
increase in volume and was compared with 2021. Large deals were
slightly up in respect of the percentage of the total M&A
