NORWAY - Verdane reaps returns of 15x from Aqua Gen exit

Verdane Capital, together with Norwegian Seafood Federation (FHL), Biomar AS and Eidsfjord Sjøfarm AS, has sold 50.2% of Aqua Gen, the Trondheim-based salmon breeding company. The company has been acquired by Erich Wesjohann Group GmbH, a German poultry genetic company, for NOK 430m. Verdane will receive NOK 309m for its 36.1% stake in the business, reaping returns of approximately 15x on its investment.