By Viktor Lundvall
Paine & Partners has acquired fish oil and protein concentrate producer Scanbio Marine Group from Scanbio AS, part-owned by Verdane Capital IV.
The value of the transaction has not been disclosed. Paine & Partners was attracted to the deal because the investor believes Scanbio has a strong positioning in the market as well as providing increasingly sustainable operating practices. The investor also has experience of owning similar companies through its investment in US-based Icicle Seafoods. A deal was agreed following a limited auction process that was arranged by ABG Sundal Collier.