M&A Deal Summary

Verdane Acquires Scanbio Marine Group

On May 13, 2022, growth capital firm Verdane acquired food company Scanbio Marine Group from Paine Schwartz Partners

Acquisition Highlights
  • This is Verdane’s 1st transaction in the Food sector.
  • This is Verdane’s 14th transaction in Norway.

M&A Deal Summary

Date 2022-05-13
Target Scanbio Marine Group
Sector Food
Buyer(s) Verdane
Sellers(s) Paine Schwartz Partners
Deal Type Secondary Buyout

Target

Scanbio Marine Group

Trondheim, Norway
Scanbio Marine Group is a producer of fish protein concentrate, hydrolyzed meal, and fish oil processed from pelagic, white and salmon by products. Scanbio Marine Group was founded in 1984 and is based in Trondheim, Norway.

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Buyer(S) 1

Buyer

Verdane

Oslo, Norway

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.


DEAL STATS #
Overall 82 of 85
Sector: Food M&A 1 of 1
Type: Secondary Buyout M&A Deals 10 of 11
Country: Norway M&A 14 of 15
Year: 2022 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-17 EVA Global

Tampere, Finland

EVA Global is a managed services provider in emobility. The company offers an integrated and innovative technology platform that can connect to 17 different Charge Point Management Systems and allows us to operate charging infrastructure, troubleshoot virtually any type and make of charging equipment, provide superior customer experience, and manage the service and maintenance of your install base. EVA's clients include a wide range of companies located across Europe, Asia, and the United States. It currently solves more than 100,000 EV driver cases a month, and our team of multilingual EV Specialists is available 24/7, 365 days a year. EVA Global was formed in 2017 and is based in Tampere, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Inriver

Malmo, Sweden

Inriver empowers organizations to deliver revenue-driving product information at every touchpoint. Inriver’s Digital-first PIM enables organizations to bring compelling product stories to life for highly customized purchases, obtain actionable guidance on what influences buying decisions, and then quickly adapt to put insights into action. Inriver helps B2B and B2C organizations turn product information into strategic assets to drive revenue for over 1,600 brands and 700 customers globally. Inriver was formed in 2003 and is headquartered in Malmö, Sweden.

Sell -

Seller(S) 1

SELLER

Paine Schwartz Partners

San Mateo, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 6.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

Paine Schwartz Partners is a private equity firm specializing in sustainable food chain investing. The Firm targets control investments in the food and agriculture sectors and will consider opportunities globally. Paine Schwartz Partners was formerly known as Paine & Partners - and before that was part of Fox Paine & Co. Paine Schwartz Partners has offices in San Mateo, California and New York City.


DEAL STATS #
Overall 29 of 30
Sector: Food M&A 5 of 5
Type: Secondary Buyout M&A Deals 9 of 9
Country: Norway M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 Hendrix Genetics

Boxmeer, Netherlands

Hendrix Genetics is a multi-species breeding company with primary activities in the layer, turkey, pig, aquaculture, and traditional poultry breeding. Hendrix Genetics was founded in 2005 and is based in Boxmeer, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-20 HGS BioScience

Jacksonville, Florida, United States

HGS BioScience produces humic and fulvic acid products helping growers improve productivity, nutrient use efficiency and soil health. HGS BioScience is differentiated by its patented, uniquely-water soluble granulation technology. HGS BioScience was founded in 2008 and is based in Jacksonville, Florida.

Buy -