Private debt investment in Olivia AS in Norway

Armada Mezzanine Fund IV has provided financing in support of the primary LBO of Olivia AS (“Olivia” or the “Company”) by Herkules Private Equity Fund IV. Olivia is Norway’s largest authentic Italian restaurant chain.

Founded in 2006, Olivia is a successful Italian restaurant chain with currently 3 restaurants located at premium locations in Oslo. Olivia employs more than 200 people and serves high quality pasta and pizza dishes as well as various Italian food specialties. The restaurants’ atmosphere is informal, friendly, and inviting. They are open 363 days a year from lunch time to late in the evening and the concept works well for both lunch and dinner. The founders Kristin Gjelseth, Anne Koppang and Gry Holm will retain a minority interest and further contribute to the development of Olivia with the ambition to expand the concept across Norway.

“It is an interesting opportunity for us to take part in this transaction and we have great confidence in both management and the Herkules team. The investment is a good addition to our portfolio due to Olivia’s strong performance, the attractive roll-out potential as well as the healthy underlying market”, says Jan Wiklund, Partner of Armada Mezzanine.

For more information, please contact:
Jan Wiklund tel. +46 70 551 4054, Johan Svensson +46 70 360 6553 or
Jan-Christoph Wöber +46 70 019 7400 at Armada Mezzanine Capital Oy, Stockholm branch.