Ellex and Wardynski & Partners, working with Thommessen, have advised Hampidjan on its acquisition of the Morenot Group from FSN Capital Partners. Norway's Haavind and Iceland's BBA Fjeldco advised FSN Capital.
Morenot is a Norwegian group consisting of companies that operate as suppliers to customers in the fisheries, aquaculture, and marine seismic industries.
Founded in 1934, Hampidjan is a Reykjavik-headquartered fishing gear developer and manufacturer.
FSN Capital Partners is a Northern European private equity firm with offices in Oslo, Stockholm, Copenhagen, and Munich.
"Hampidjan’s rope and net factory in Lithuania is among the world’s most technologically advanced facilities, which manufactures a number of products that Morenot currently purchases from external suppliers, as well as patented products for fishing, oil production, and specialized deep-sea projects," Ellex informed. "The consolidation of the companies will enable significant synergy potential due to increased product availability, optimization of production, integration, and a stronger position within core markets."
"During the last few years, Morenot has continued its sales growth by developing into a more structured company with improved production, organization, and product portfolio," FSN Capital Partners Co-Managing Partner Ulrik Smith commented. "The combination with Hampidjan will create a global leader, and is a natural next step on this industrialization journey, of which FSN Capital V is excited to be a part."
The Ellex team included Partner Ruta Armone, Associates Arnas Liauksminas, Edvinas Dzulis, and Andrej Jemeljanov, Junior Associates Ieva Badikonyte and Benas Marcalis, and Lawyers’ Assistant Atene Silyte.
The Wardynski & Partners team was led by Partners Izabela Zielinska-Barlozek and Bartosz Kuras and included Partners Michal Glinski and Joanna Prokurat, Counsels Adam Pawlisz and Joanna Krakowiak, Attorneys-at-Law Joanna Dudek, Pawel Szumowski, and Daria Goliszewska, and Lawyers Klaudia Czarniecka, Gabriela Pagacz, and Mateusz Tusznio.