Bjørn Erik Borgen becomes the majority owner of AlpinCo, reflecting a strategic transition as the company aims for further growth and development in Norway's winter sports industry.
Target Information
AlpinCo operates and manages the ski resorts of Hafjell and Kvitfjell, which are recognized as Norway's third and seventh largest alpine destinations by lift revenue. In addition to its ski operations, AlpinCo also owns HafjellKvitfjell Booking and the GudbrandsGard hotel, incorporating real estate development into its business model. The company employs nearly 300 staff during the winter season, illustrating its significant role in the regional economy.
Recently, AlpinCo opened the new Varden mountainside at Kvitfjell, having invested in a new lift system and sold plots for holiday homes amounting to nearly 150 million NOK. This strategic development highlights AlpinCo's commitment to enhancing its offerings in the competitive winter sports market.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in Norway
The winter sports industry in Norway is a significant contributor to the country's tourism sector, attracting both domestic and international visitors to its well-known ski resorts. Over recent years, there has been substan
Similar Deals
Fidjeland Invest → Hagen og Tveit Karosseri og Bilverksted
2025
Norvestor VIII SCSp → CIC Hospitality AS
2021
Segulah IV L.P. → European Travel Interactive AB
2010
Norvestor IV, L.P. → ELIXIA Nordic ASA
2006
Bjørn Erik Borgen
invested in
AlpinCo
in 2018
in a Management Buyout / Buy-In (MBO) deal
Disclosed details
Transaction Size: $13M
Revenue: $25M
Equity Value: $13M
Multiples
P/Revenue: 0.5x