Type | VC |
Website | progressus.no |
Progressus is a private equity investor providing capital and competence to growth companies in the oil and gas and technology sectors. We acquire controlling positions in businesses, and work closely with management teams to assist in expanding the businesses and driving growth plans.
Progressus has completed 20 acquisitions through 4 growth platform investments, from which one platform has been sold, returning 3,3x (TMB) and 49% IRR. Progressus is a full member of the Norwegian Venture Capital Association (NVCA), and has adopted the NVCA Ethical Guidelines.
Progressus currently manages two private equity funds with a committed capital base of NOK 550 million.
Progressus seeks to act with the highest level of integrity. We have a strong focus on business ethics and corporate governance. Customers, employees, co-owners, suppliers and public authorities shall have full confidence in Progressus as an owner and in the management of our portfolio companies.
The Progressus partner team consists of seasoned executives who have experience from building successful businesses with international footprint. Combined the partners offer over 40 years of industry experience and 15 years of private equity work.
Rune Jensen, Managing Partner
Rune Jensen was Managing Director of Allianse ASA from 1999 to 2006. In this period Allianse ASA developed from being a local IT provider, owned by the local authorities, to become a publicly listed, leading player in the domestic market. The Allianse corporation grew from a value about MNOK 200 in 1999 to MNOK 1.200 in 2006. Prior to Allianse, Rune Jensen has extensive experience from managerial positions in Norway and abroad in the fields of oil/gas, finance, international publishing and IT. He has worked with growth and turnaround processes throughout his career. He has an advanced business administration degree from the Norwegian School of Economics and Business Administration (NHH) in Bergen.
Per Arne Jensen, Partner
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