They have been central to the establishment, development and management of several multibillion-dollar businesses. Now they are launching a new and powerful investment company which will contribute to the development of even more profitable activity on the coast.
When Frøy Kapital AS is fully operational from September this year, it will have a capital base of approximately NOK 6 billion. Initiator Helge Gåsø has brought Roger Granheim, Harry Bøe, Klaus Hatlebrekke, Hege Aasen Veiseth and Ingrid Rønning to the establishment.
Target of 10 billion
- We have an ambition to be able to raise up to NOK 10 billion in investment capital. The motivation is simply to help develop even more profitable companies and jobs along the coast and in the region, says Helge Gåsø.
Gåsø contributes most of the capital himself and becomes working chairman of Frøy Kapital, which has a business address in Trondheim. The financial and expertise-based foundation of the company is expected to be attractive to several types of investors.
Experienced, Trønder-based management
The Trønder investor partnership has well-documented abilities and results as business developers. In addition to its considerable financial muscle, Frøy Kapital will also utilize the team's personal qualities, expertise and network directly in investment and development work.
Helge Gåsø will be working chairman of the board
Founder of Frøy ASA and largest owner in NTS ASA. Significant investor with ownership in a number of companies.
Roger Granheim becomes CEO
Recently resigned as CEO of the transport company Torghatten Group AS. Chairman of NTS ASA from 2012-2020 and central to completed acquisitions and mergers.
Harry Bøe becomes director of business development
Managing director of NTS ASA through the company's strongest growth period, until he resigned in February 2022. Significant investor with ownership in a number of companies.
Klaus Hatlebrekke becomes investment director
Former business developer and CEO of Norway Royal Salmon (NRS).
Hege Aasen Veiseth becomes CFO
Comes from the position of finance director at Polaris Media and at EMGS before that time.
In addition, Ingrid Rønning will be controller. Rønning has had a similar role in Norway Royal Salmon.
Strong board
The initiators also attach great importance to putting together a competent, experienced and professional board for the new venture Frøy Kapital. Former CEO of Mowi, Alf Helge Aarskog, and Anne Kathrine Slungård are already ready as board members. In addition, Helge Gåsø will be working chairman of the board.
Fish, shipyards, boats and recycling
Frøy Kapital will naturally focus on coastal investments. CEO Roger Granheim can already reveal the company's first investments.
- We are taking over a 37 percent ownership stake in Grøntvedt Pelagic AS in Fosen, a tradition-rich and strong Trønder brand with a main focus on herring products. We also become a major owner in the industrial group MOEN-gruppen with approx. 40 per cent through an ownership of 49.9 per cent in Skipsinvest AS. The MOEN group's main activities lie within shipyards, ship rental and recycling of plastic waste, says Granheim
- We enter these companies to further develop them and further strengthen profitability, says chairman Helge Gåsø, and adds that work is already underway on several projects with exciting and interesting opportunities for increased value creation and employment.
- We assume that 50-70 per cent of Frøy Kapital's investments will take place in coastal activities. But we will also look at other types of projects in central Norway, property and capital investments, says managing director Roger Granheim.
TRONDHEIM 15 August 2022
Contact persons:
Helge Gåsø, chairman, mobile 90101101
Roger Granheim, CEO, mobile 93053877