Procuritas Capital Investors IV has acquired Sonans AS, a leading Norwegian education services provider, to capitalize on the expanding demand for flexible learning solutions in Norway.

Information on the Target

Sonans AS, established in 1989, is a prominent Norwegian education services provider specializing in preparing Private Candidates for their Upper Secondary Schools exams. This segment primarily includes students seeking to enhance their academic performance or expand their curriculum to meet the entrance requirements of higher education institutions. Sonans offers a diverse range of educational options, including both classroom-based and online courses, as well as a regular three-year private secondary school curriculum. The company operates across eight cities in Norway and reported an impressive turnover of approximately 200 million NOK in 2010.

Industry Overview in Norway

The Norwegian education sector has experienced significant evolution over the past few decades, with increasing demand for flexible learning solutions. With a strong emphasis on educational attainment and skills development among the population, Norway has become a fertile ground for educational service providers. In recent years, the rise of alternative education models, including online courses and tutoring services, has broadened access to quality education.

Moreover, the government’s commitment to improving educational outcomes has resulted in substantial investment in educational infrastructure and resources. This co