Direct Investments – Long-term active ownership
Direct investments comprise the most important business area for Rieber & Søn. We invest mainly in mature companies who have the first phases of their development behind them, but still have considerable potential for growth and value creation.
As an owner we seek to be an active sounding board and discussion partner for management. To enable us to take this role, we seek to build and maintain extensive knowledge of the industries in which we invest. We wish to contribute to good processes, and it is important for us to act in accordance with our responsibilities as owners.
Our goal is to create a portfolio of up to ten investments, all with an annual revenue of minimum 75 MNOK. We pursue an ownership stake of at least 50%, and do not have defined time-limitations for our investments.
“Direct Investments are our most important area of activity, and we focus on long-term active ownership.” – Fritz Rieber, CEO
Vår nåværende portefølje av direkte investeringer omfatter følgende selskaper:
Eiendomskreditt
Eiendomskreditt is an independent credit institution that provides loans for commercial real estate and common-debt loans for housing cooperatives.
Industry: Banking and Finance
CEO: Eirik Maurstad
Rieber & Søn board members: Jørund Haga Indrehus
Homepage: www.eiendomskreditt.no
GSGroup
GSGroup is a leading Nordic supplier of fleet management, mobile object positioning, and field service registration for personell.
Industry: Positioning technology
CEO: Espen Ranvik
Rieber & Søn board members: Fritz Rieber (chairman)
Homepage: www.gsgroup.no
Fonn Group
Fonn Group is a corporation that through various companies offers a range of products, software-solutions and services for use within media production both in Scandinavia and globally.
Industry: Media Technology
CEO: Haavard Myklebust
Rieber & Søn board members: Trond Valvik
Homepage: fonngroup.com
TCO
TCO is a Norwegian company providing downstream technology for the oil industry. The business is specialized towards design, production and installation of glass barrier plugs, systems for chemical injection, and equipment and services for tubing conveyed perforation (TCP).
Industry: Petroleum technology
CEO: Robert Jay Abercrombie
Rieber & Søn board members: Øystein Elgan (chair) and Jørund Haga Indrehus
Homepage: www.tcogroup.com
Watercircles
WaterCircles is an insurance company that maintains two insurance brands, namely Winterbergh and WaterCircles. The company supplies non-life insurance for selected customers.
Industry: Insurance
CEO: Gaute Herdlevær
Rieber & Søn board members: Jørund Haga Indrehus, Trond Valvik and Cathrine Monsen
Homepage: www.watercircles.no
Metzum
Metzum is a technology company seated in Bergen. Their product offering consists of forward-looking software for electricity-providers, grid-owners and other customer groups who depend on efficient solutions for clearing and factoring.
Industry: Power-industry technology
CEO: Johnny Ivar Haugsbakk
Rieber & Søn board members: Trond Valvik
Homepage: www.metzum.no
Dyrket.no
Dyrket.no is a Norwegian software-company that delivers logistics-solutions to ensure fair pricing of goods for farmers and producers, while optimizing the process from production to consumption.
Industry: E-commerce
CEO: Eilev Morgens Haukaas
Rieber & Søn board members: Fritz Rieber and Ingvild Stautland (deputy)
Homepage: Dyrket.no
Investment team
Fritz Rieber
CEO
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
LAWYER /DIRECTOR
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
INVESTMENT DIRECTOR
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 H. Indrehus
DIRECTOR
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 Selseng
INVESTMENT MANAGER
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 Stautland
ANALYST
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 S. Engeset
INVESTMENT MANAGER
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.