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Nord I successfully exits its investment in Barents NaturGass AS

Nord I successfully exits its investment in Barents NaturGass AS

January 2015: Nord Kapitalforvaltning is pleased to announce the sale of Barents NaturGass AS (“BNG”) to the Dutch company Broadview Holding. Headquartered in Hammerfest, BNG is the leading LNG distributor for transportation and industrial applications in Northern Norway.

BNG has shown steady growth since its establishment in 2005, and is now one of the leading small-scale distributors of LNG in Norway. BNG delivers gas to key clients including Torghatten Nord, The Norwegian Coastguard, Mack, Statoil and Biomar, all of which has made a switch from oil to the more environmental friendly natural gas. 

The transaction shows that Northern Norway is a growth region attracting interest from international investors. The exit has been achieved through a competitive process, backed by all of the company’s five shareholders, led by Fredrik Borch, Partner with Nord Kapitalforvaltning. The buyer, Broadview Holding, is an industrial group, possessing capital and industrial insight to grow BNG to the next level.

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