Credo Kapital acquires L.O.G.

Credo has taken a 51% stake in the newco L.O.G. Holding, which replaces previous majority owner Strand Brænderi's 68% shareholding in the company. Strand Brænderi has kept a 49% stake in the newco. The remaining 32% of the company is held by around 1,000 shareholders, none of which own more than 1% of the company.

Company
L.O.G., founded in 1929 as a cooperative, produces intermediate goods for the horticultural market. In 2001 the cooperative was restructured as a joint-stock company, and new owners Strand Brænderi and Econova took a significant stake in the new entity. A large number of previous cooperative owners remain in the ownership structure. Headquartered near Oslo, Norway, the company employs 24 staff and recorded a NOK 160m turnover in 2011.

People
Partner Christian Sørum worked on the deal for Credo Kapital.

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