Investment in Omega-3 concentrates

Strategic Investments   /  

03.02.2021

Kirk Kapital acquires a 32% ownership interest in GC Rieber VivoMega, a globally leading producer of Omega-3 concentrates

GC Rieber VivoMega AS (“VivoMega”) is a leading global developer and provider of high-quality Omega-3 concentrates. The state-of-the-artand environmentally sustainable advanced production facilities are located in Kristiansund, Norway. VivoMega employs 74 people and distributes its products globally. In 2020 total revenue was EUR 36 m.

 

In the coming years, VivoMega intends to expand its sustainable production capacity and develop the quality of its product portfolio in order to meet market demand and future customer requirements.

 

VivoMega was a fully owned subsidiary of GC Rieber AS (“GC Rieber”) and GC Rieber will retain a 68% ownership after the transaction.

 

“I am pleased to welcome Kirk Kapital as a larger shareholder in VivoMega. Both Kirk Kapital and
GC Rieber are family-owned with a focus on developing long-term prosperous businesses, in a responsible and sustainable manner”
says Paul-Christian Rieber, CEO of GC Rieber AS.

 

Kirk Kapital A/S (“Kirk Kapital”) is pleased to invest in VivoMega and partner with GC Rieber.

 

“In the coming years, VivoMega has ambitious growth plans, supplying Omega-3 concentrates to customers around the world, to contribute to improve global health. This is furthermore done in an environmentally sustainable manner, with the crude oil input being from sustainably managed wild catch. Simultaneously, we are also pleased to invest alongside such a long-standing and reputable partner as GC Rieber and we are looking forward to support VivoMega in its future endeavors” says Kim Gulstad, CEO of Kirk Kapital.

 

VivoMega is also welcoming the new shareholder.

 

“I am pleased that Kirk Kapital also shares our excitement about the future prospects of VivoMega including our ambition to invest in new production capacity, develop new solutions for customers, and in turn improve global health. We look forward to have such a reputable owner as Kirk Kapital on board as a part of our ownership consortium” says Jan Roger Bjerkestrand, CEO of VivoMega.

 

GC Rieber was advised by BTIG Norway, SpareBank 1 Markets and Thommessen. Kirk Kapital was advised by Bruun & Hjejle and Selmer.

 

Contact Information

Pål Selvik, GC Rieber Group CFO, +47 970 46 502

Morten Huse Eikrem-Jeppesen, Press Connect for Kirk Kapital, +45 53 85 07 70

Jan Roger Bjerkestrand, GC Rieber VivoMega AS, +47 911 20 565

 

About GC Rieber

GC Rieber is a privately owned company exercising proactive and long-term ownership of a number of enterprises in the areas of industry. The vision is Creating Joint Futures with the aim to achieve this both commercially and for the greater good. The GC Rieber Group has a global perspective on the operations. GC Rieber operates primarily in the B2B market and has an annual turnover of around EUR 200 m and total assets of around EUR 700m.

 

About VivoMega

GC Rieber VivoMega is a Norwegian producer of marine-derived high-quality Omega-3 concentrates in an environmentally sustainable way. VivoMega aims to deliver the best quality omega-3 oil concentrates to customers globally. GC Rieber VivoMega utilizes state-of-the-art production equipment to produce some of the most potent, stable and pure Omega-3 concentrates in the supplements market. The company recently expanded its production capacity by 60%, including the addition of a new industry-leading concentration production facility, delivering high grade DHA and EPA fish oils (up to 800mg/g). In addition to being a leader in Omega-3 production, GC Rieber VivoMega is also setting the benchmark for quality standards globally.