Haavind advised the Norwegian private equity fund Broodstock Capital Partners in the 51 % acquisition of the Danish company Billund Aquakulturservice. The founders of the company will hold the remaining 49 % stake. Signing took place before easter and closing is expected to take place in May.

Billund Aquakulturservice is a world leading provider of intensive recirculating aquaculture systems (RAS). With Broodstock Capital Partners as the majority owner, the company is now ready to meet the growing demand for RAS.

The investment strategy of Broodstock Capital Partners is based on acquisitions of companies in the aquaculture market. This transaction is the second transaction, following the 70 % acquisition of Multi Pump Innovation – a Norwegian supplier of cleaning equipment primarily within aquaculture. Haavind has advised Broodstock in both investments.

Client Partner in Haavind, Preben Brecke comments

«We are delighted to once again advise Broodstock Capital Partners. We are really impressed with the management team of Broodstock Capital, and look forward to continuing to provide Broodstock Capital with the support they require to fulfil their strategy in the growing aquaculture market».

Team Haavind consisted of;
Corporate/M&A: Preben Brecke (partner), Hans Christian Donjem (associated partner), Christian Fredrik Thronsen (associate)

Competition: Simen Klevstrand (associated partner)

Employment: Lars Kokkvold (partner), Rajvinder Singh Bains (senior lawyer), Sofia Sanner (associate)

Construction contracts: Kristine Hyldmo (senior laywer), Ragnar Koffeld (senior associate)