ABG Sundal Collier acted as M&A advisor and assisted with the acquisition financing for NBG in connection with the 100% acquisition of The Fjords

On May 2, 2024, Norway’s Best Group AS (“NBG“) announced the acquisition of Havila AS’ 50% stake in The Fjords DA (“The Fjords”), increasing NBG’s ownership in The Fjords from 50% to 100% following the completion of the transaction. ABG Sundal Collier acted as exclusive M&A advisor to NBG and was also involved assisting the company through the acquisition financing process, facilitating a convertible loan to existing NBG shareholders as well as an external investor.
Established in 2015, The Fjords specialises in offering sustainable fjord experiences in the western parts of Norway as well as in Oslo, with a fleet largely comprising state-of-the-art electric or hybrid vessels with capacity to serve up to 400 passengers at a time. The Fjords’ tourism activities is closely linked to the key commercial activities for NBG, in particular to the UNESCO World Heritage listed Nærøyfjorden (which is home to Flåm, a key hub for NBG), and the 100% acquisition of The Fjords will further strengthen NBG’s position as a leading player in the Norwegian tourism sector.