Rieber & Søn is a family-owned Norwegian investment company with an industrial legacy dating back to 1839.
Development and results require a will to change and the ability to look ahead. This mind-set is central to our approach as investors. We strive to be a catalyst for renewal, while ensuring a common view of the way ahead.
We invest with a long-term perspective, and seek to learn as much as we can about the companies and sectors in which we invest. As investors, we respect and value the experience and know-how built and cultivated within the companies. On this basis, Rieber & Søn seeks to serve as an active partner for management in developing the business, for the benefit of employees, owners and society at large.
The chart below shows the desired distribution of Rieber & Søn’s investment portfolio.
of active industrial development
Expected direct investments over the coming years
Desired share of total portfolio in direct investments
The Rieber family’s Norwegian story began with a dramatic shipwreck north of Bergen in 1817. The industrial legacy dates back to 1839.
The emigrant ship «De Zee Ploeg», bound for America, is shipwrecked north of Bergen after being ravaged by a hurricane. Among the passengers are the Rieber family from Ebingen in Germany.
Paul Gottlieb Rieber, only eight years old when «De Zee Ploeg» stranded, establishees the firm P.G. Rieber and opens trade and vinegar production.
The corporation is transformed from a trading company into a major industrial group. Sales volumes grow by a factor of five, as does the number of employees – from 292 to 1591.
The company is merged with building materials company Jacob Neumann and Nodest Industries. Following the merger, Rieber & Søn is listed on the Oslo Stock Exchange.
Rieber & Søn abandons the conglomerate model to concentrate on food and beverages.
Rieber & Søn is acquired by consumer goods company Orkla and later merged with Stabburet to form Orkla Foods Norway.
Rieber & Søn brings its legacy into the future, as an investment company aspiring to foster growth and renewal.
Bjarne Rieber represents the owners on the board.
He brings first-hand knowledge of the legacy of Rieber & Søn, which during his time as owner and executive was transformed from a trading company into a major industrial group.
Fritz Rieber is a former partner at Borea, and has work experience from banking and finance. He has co-founded a number of companies and served as board member and chairman of the board for both listed and non-listed companies.
Marianne Mangschou Rieber represents the owners on the board.
She is the managing publisher of Mangschou Forlag, one of Norway’s most recognized publishers of books for children and young readers.
Helge Midttun has extensive experience from board work as well as operational management. Of particular value to Rieber & Søn is his know-how within the seafood and marine sectors and the food and beverage industry. Midttun has been President and CEO of Aker BioMarine, Fjord Seafood and Det Norske Veritas (now DNV GL). Midttun serves on the board of international fish farming group Cermaq and various other companies.
Helge Midttun holds a Master’s degree from the Norwegian School of Economics (NHH).
Leif Teksum is one of Norway’s most experienced business leaders. He currently serves as Chairman of the Board and Board Member of multiple companies. To Rieber & Søn, Teksum brings well-rounded strategic and operational skills, built from his vantage position in the finance industry. From 1991-2013 he was a member of group management in DNB, Norways’s leading bank, in charge of large corporate clients in Norway and all international activities.
Teksum holds a Master’s degree from The Norwegian School of Economics (NHH).
Katrine works as an independent board member with core competencies in business development, business law, corporate governance and management. She has over 10 years of experience from the management group of DNB Corporate Banking, and previously practiced as a business lawyer and partner in two of Norway’s largest law firms. In addition, Katrine has experience as a board member in listed companies, state-owned companies, technology companies, research foundations and non-profit organizations.
Katrine holds a Master’s degree from The Norwegian School of Economics (NHH) and a law degree from the University of Bergen.
Our team of professionals is assembled to provide a broad range of expertise.
Fritz Rieber is a former partner at Borea, and has work experience from banking and finance.
He has co-founded a number of companies, and served as board member and chairman of the board of both listed and non-listed companies.
Øystein Elgan is a former lawyer and partner at law firms Greve & Lorentzen and Thommessen, and also has experience as a registrar. He serves on the board of a number of Norwegian and international companies as member or chairman. Elgan is a law graduate from the University of Bergen.
Trond Valvik is in charge of the business area Direct Investments in Rieber & Søn. He was partner at PE firm Borea Opportunity and has experience from transaction support and accounting at EY. As board member and chairman for several companies, Valvik has built extensive cross-sector experience.
Valvik holds a Master’s degree from the Norwegian School of Economics (NHH).
Jørund is our in-house resource within accounting and tax area. He supports the financial and reporting structures and processes of change in existing portfolio companies. He also leads our transaction support team in connection with acquisition and divestment of companies. Jørund is a former partner at EY, and an experienced consultant and auditor in various industries nationally and internationally.
Jørund is a business economics graduate of the Norwegian School of Economics (NHH) with a Master of Accountancy and CPA.
Brede is responsible for individual investments in the Rieber & Søn portfolio. He has previous experience as CFO at PSW Group and Ferde. Selseng also has experience from banking and capital markets at DNB and Sbanken. Selseng holds an MBA from the Norwegian School of Economics (NHH)/AFF.
Ingvild is an analyst in the Direct Investments business area. She holds an MSc in Financial Economics from the Norwegian School of Economics (NHH), and has a background within Mathematics from NTNU. Previously, she has worked three years in DNB, and has former experience from Borea Asset Management.
Anders is responsible for individual investments in the Rieber & Søn portfolio. He has experience with transactions, analysis and follow-up related to the company’s direct investments and shipping portfolio.
Engeset holds a Master’s degree from the Norwegian School of Economics (NHH), with specialisation in economic analysis.
He is currently on loan to our portfolio company Metzum.
Carl August Rieber is a Portfolio Manager at Rieber & Søn. He has broad experience within the company.
Carl holds a Master’s degree from the Norwegian School of Economics (NHH) with specialization in Financial Economics.
Sissel Vallestad has been employed in the company since 1990. She has previous work experience from the Olav Thon Group. Sissel has higher education in accounting and administration.
Laila has been employed in the company since 1992. She has worked within accounting since 1980. Her education includes courses in accounting, economics and tax at the Norwegian School of Economics (NHH).
Cathrine joined Rieber & Søn in 2018. She works as a controller within accounting and financial reporting. Monsen has experience in auditing from Deloitte Bergen. She is a state authorized public accountant with a Master’s degree from the Norwegian School of Economics (NHH).
