Sale of iSurvey Group AS

Wikborg Rein has assisted the shareholders of iSurvey Group AS and the company in connection with the sale of the company to Norvestor IV L.P.

iSurvey Group provides survey and positioning services for rig moves, marine construction and seabed surveys, mainly to the global oil and gas market. The transaction includes a sale of shares to employees, a reinvestment by the current founding shareholders of 30% in the new holding company, sale and reinvestment by employee minority shareholders, entering into of a shareholder agreement and new employment agreements etc.

The transaction is expected to be concluded during the 2nd quarter of 2013 following a mandatory completion filing.

The WR team has consisted of Ketil E. Bøe as responsible partner, Anders Myklebust and Maria Krog Eik.

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