Norwegian giant Ferd increases ownership in seafood investment arm
In addition to upping its stake, Ferd made co-investments in Broodstock's porfolio.
Norwegian giant Ferd Capital has increased its stake in Broodstock Capital from 65 percent to 93.6 percent.
Broodstock Capital invests exclusively in the seafood sector, more specifically in suppliers to the industry.
Broodstock's investments already include recirculating aquaculture systems (RAS) supplier Billund Aquaculture, seafood software services group Maritech, and aquaculture services firm Akerbla.
In addition to upping its stake, Ferd made co-investments in Broodstock's porfolio.
"The additional acquisitions means that we have strong faith in the seafood sector, the management team and the portfolio companies," Ferd Investment Manager Danjal Danjalsson said in a statement.
The transaction will not lead to any changes in Broodstock's strategy, but will increase the company's investment capacity, Broodstock General Manager Jan Erik Lovik said.
Broodstock has "a handful" of investments underway, Lovik said, including "new platform investments," and plans to invest more into the companies the fund already holds stakes in.
Broodstock also hired former Kverva investment analyst Martin Resell as a manager.
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