Extract from Family-Owned Watchlist

The below story was originally featured in our Weekly Family-Owned Watchlist update - a part of M&A Insights. Selected stories, including this one, are posted to our website with a few weeks of delay.
Media Bergen acquires majority stake in Foll Reklamebyrå
September 29, 2020
34,672
Revenue (EUR 000')
1,479.4
EBITDA (EUR 000')
9.3%
3Y Sales CAGR
Norway
Country
Media Production
Industry
Ove Grønnevik
Key Shareholder ("KS")
100
Age of KS (estm.)
None
Next generation's role
The Norwegian family-owned media and communications bureau Media Bergen has acquired 55% of the shares in the Oslo headquartered advertising bureau, Foll Reklamebyrå. The remaining shares will be held by employees and the firm's senior management. In 2019, Foll reported revenues of NOK 53.5m, with a negative EBITDA of NOK -4.4m.
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