Private equity group Paine & Partners, owner of U.S. firm Icicle Seafoods, has made its first acquisition in Norway.
Trondheim-based Scanbio Marine Group, a fish by-product processor, was acquired from the Verdane Capital IV fund, and from owners Rolf Eide, Per Arne Eide and other minority shareholders in a deal announced Friday. Terms of the transaction were not disclosed.
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