News - 21.04.2015

New management structure at Herkules

In order to secure Herkules' long-term growth and continued successful development, the management structure has been strengthened. Sverre Flåskjer has been appointed new Managing Partner and Patrik Bø Egeland has been appointed COO, both supported by the Herkules Partner Group and Board. Gert W. Munthe will assume the position as Chairman of Herkules Capital, and continue to work as full time deal partner for Herkules. Going forward, he will focus on investments and deal origination and leading the Healthcare & Pharma Industry Group.

“I am extremely proud of what Morten Blix, Tore Rynning-Nielsen and I have achieved together with partners and colleagues at Herkules since 2002. It has been an incredible journey leading Herkules to become one of the leading private equity firms in the Nordics. In order to continue the successful development, I believe the timing is right to transfer the leadership to the next generation. Sverre Flåskjer is deal-oriented and well respected among our various stakeholders. Patrik Bø Egeland, who will have the overall responsibility of Herkules’ non-deal activities, has been with Herkules since 2004 and has the Herkules values and culture embodied”, states Gert W. Munthe, founder and Managing Partner since the inception of Herkules in 2002.

Sverre Flåskjer is 42 years old and has been with Herkules for 9 years. During his time at Herkules, he has been involved in all of Herkules’ Consumer Goods & Retail investments, such as Nille, Estrella Maarud, Espresso House, Didriksons and Elektroimportøren. Sverre holds a Master of Science degree in Economics and Business Administration from the Norwegian School of Economics (NHH).

“I am honored and excited to take on the challenge of managing Herkules. Together with Patrik, I will secure the continuity of Herkules’ strategy and focus on improving investment management. Capitalizing on Herkules’ talent pool and expertise, I am confident that we will reach our ambitious goals”, says Sverre Flåskjer.

Patrik Bø Egeland is 41 years old and has been with Herkules since 2004. During his time at Herkules, he has been responsible for recruitment and Herkules’ internal development program. As a deal professional, he has been involved in most of Herkules’ Industrial Technology and Services investments. Patrik holds an MBA with distinction from INSEAD, and a Master of Science degree from NHH.
Contact:

Gert W. Munthe, Founding Partner and Chairman of Herkules Capital
Phone: +47 22 04 80 02

Sverre Flåskjer, Managing Partner at Herkules Capital
Phone: +47 22 04 80 09

Patrik Bø Egeland, Partner and COO at Herkules Capital
Phone: +47 22 04 80 07

New management structure at Herkules
Sverre Flåskjer, Managing Partner
New management structure at Herkules
Patrik Bø Egeland, COO