Flåskjer named new managing partner at Herkules

Munthe, 57, will remain at Herkules as senior partner and chairman, and continue to work as a full-time deal partner at the firm. He will focus on investments and deal origination, as well as leading the GP's healthcare and pharma industry group.

He co-founded the GP in 2002, alongside fellow senior partners Morten Blix and Tore Rynning-Nielsen.

Since joining Herkules nine years ago, 42 year-old Flåskjer has been involved in all of the GP's consumer goods and retail investments.

He previously worked as a manager at Norwegian consumer products conglomerate Orkla, having joined the company from McKinsey in 2004. Flåskjer held various positions at McKinsey, including associate principal.

As part of the succession plans at Herkules, Patrik Bø Egeland will become the GP's head of operations. Egeland joined Herkules from McKinsey in 2004, where he ran and managed strategy and turnaround processes, and was involved in M&A transactions.

Since joining the GP, he has been responsible for recruitment and the firm's internal development programme, and was also involved in Herkules' industrial technology and services investments.

Herkules is the second Nordic GP to complete a generational shift this year, with Segulah's Gabriel Urwitz stepping aside in favour of Sebastian Ernrooth and Henrik Lif.

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