Nordic Capital Partners II AS (NCP II), which owns 33.4% of the shares in Grilstad Holding AS, was sold on December 12, 2023, to Jenssen Holding AS, the majority shareholder in Grilstad Holding AS.
The transaction values NCP II at an Enterprise Value of approximately NOK 416 million, as NCP II has an outstanding bond loan. All obligations in NCP II will be taken over and continued by Jenssen Holding AS.
NCP II became a co-owner of Grilstad Holding AS in 2007, when the cured meat producer Grilstad Fabrikker merged with SPIS and currently includes brands such as Grilstad, Stranda and Tind. In addition, the company owns the fresh-ready made meals producers Matpartner and Holmens, Midt-Norge Slakteri, FG Kjøttsenter (50%), and is also a significant player in the Foodservice market.
