Norwegian investment fund Novela Kapital invested in seafood processing equipment firm PE Bjordal as part of its strategy to pour capital into medium-sized companies in the northwestern area of Norway.

Novela was established in 2019 and is managed by consulting company Converto. The investor side includes Sparebank, Camar, Gjensidige Nordmore, Converto and a number of other local shareholders.

PE Bjordal has been supplying equipment to the aquaculture industry among others for more than 100 years.