Recent Searches
How EY-Parthenon can help
Our Corporate Finance consultants leverage deep financial and capital markets experience to help CFOs drive sustainable value. Learn more.
Read moreOn 15 June 2026, it was announced that EY-Parthenon acted as the financial advisor to Coop Norge SA ("Coop Norge") in connection with its voluntary cash offer to acquire all issued and outstanding shares of MatvareExpressen AS ("MVE").
Under the terms of the offer, Coop Norge is offering NOK 267.60 per share, valuing the total shares of MVE to approximately NOK 325 million. The Board of Directors of MVE has unanimously decided to recommend that shareholders accept the offer.
MVE is a leading independent B2B supplier of groceries in Norway, serving kindergartens, schools, nursing homes and corporate canteens through a fully digital platform and its own distribution solutions. Since 2021, the company has grown revenue from around NOK 100 million to approximately NOK 500 million in 2025, while building strong positions across Rogaland, Vestland, Agder and Eastern Norway.
Coop is Norway’s second-largest grocery operator and currently has approximately 1,200 grocery stores and builders’ merchants under the Obs, Extra, Coop Prix, Coop Mega, Coop Marked, Matkroken, Obs BYGG and Coop Byggmix chain concepts. Coop is owned by its customers through memberships in their local cooperative societies, which together have more than 2.3 million members. Coop Norge safeguards central shared functions for the cooperative societies.
The offer is part of Coop’s broader growth strategy and reflects a clear ambition to strengthen its focus on grocery sales to new customer groups, with MVE considered a key platform for growth within the B2B segment.
EY-Parthenon would like to thank Coop Norge for its trust and collaboration throughout the process, and congratulate all parties involved on the announcement of the voluntary cash offer.
The offer remains subject to customary conditions and regulatory approvals.
Read more about the transaction.
The deal and due diligence team comprised of:
Below you can find a selection of EY's recent deal alerts and you can also find a more extensive list on our Transactions and Corporate Finance by EY-Parthenon page.
Related deal alerts
EY-Parthenon advises Fursetgruppen in the minority sale to NorgesGruppen
EY-Parthenon acted as financial advisor to the shareholders of Fursetgruppen, a leading restaurant group, in the minority sale to NorgesGruppen.
EY advises Fourxp in the sale of Kaffebrenneriet to NorgesGruppen
EY acted as financial advisor to the founders of Kaffebrenneriet, a leading coffee chain, in the sale to NorgesGruppen Servicehandel.
EY advises Delta-p in the merger with Haakon Larsen and Greenerway
EY advises shareholders of Delta-p, Pumpe og Kompressor Systemer in merger with Haakon Larsen and Greenerway to form Shift Energy Holding.
EY-Parthenon acted as the financial advisor to Coop Norge on its voluntary cash offer to acquire all shares in MatvareExpressen. EY provided services including Commercial, Operational, Technology, ESG & GRC, HR, Financial and Tax & VAT due diligence services, as well as transaction advice and valuation to Coop Norge. Reach out to Ole Conrad Siem or Hanne Levardsen in our Corporate Finance team for more details.
