By Taina Rosa
Paine & Partners LLC said Friday, July 8, it will acquire Trondheim, Norway-based Scanbio Marine Group from Scanbio AS for an undisclosed amount, expanding its exposure to the seafood sector. The sellers are Oslo-based Verdane Capital Advisors and management. According to Verdane, the target, which makes fish protein, fish meal and fish oil, posted Ebitda growth of about 30% under its ownership over the past seven years. Upon closing in the third quarter, CEO Per Arne Eide will retire and Carl Eide, Scanbio’s deputy CEO, will take his place.
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