IESE and Ernst & Young
The Global Venture Capital and Private Equity
Country Attractiveness Index
2009/2010 Annual
Alexander Groh & Heinrich Liechtenstein
flag_norway

Norway

Capital: Oslo ++ Official Language: Bokmål Norwegian, Nynorsk Norwegian ++ Currency: Norvegian Krone


Basic Facts


VCPE-Ranking


Key Factors Performance

BF_norway rank_norway Key_Factor_Perf_norway
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SWOT Analysis


Strengths

  • Strong VC/PE environment with local and Nordic players
  • Some international players: mostly large Swedish PE firms
  • Large amount of VC funds
  • Strong VC/PE environment focusing on energy, oil services, and ICT

Weaknesses

  • Limited number of large PE funds in Norway

Opportunities

  • Approximately EUR 4,000 million in committed non-invested capital
  • A large portion of investments are mature
  • Develop sectors towards clean-tech, oil services, and energy

Threats

  • Shortage of funding from Norwegian banks
  • IPOs do not exist as an exit strategy

Outlook

  • Norway remains attractive for overseas investors, especially within oil services sector
  • VC/PE activities expected to increase at the end of 2009

Expert: Vegard Stevning, Partner, E&Y Norway


Comparison within Peer Group

C_w_P_G_norway


Separate VC and PE Indices

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