News - 19.10.2011

New Partners at Herkules Capital

(Oslo, 19 October 2011) Herkules Capital AS has appointed Adele Bugge Norman Pran and Cato A. Haug as Partners of the company. Following these promotions Herkules Capital will have eight Partners.

Since the start in 2002 Herkules has prioritized to invest in the organization to ensure excellent quality throughout and to ensure continued growth and positive development.

In the light of the above it is a pleasure to inform that two new Partners have been appointed at Herkules Capital.

Adele Bugge Norman Pran is appointed Partner to underline the importance of the CFO role at Herkules.

Cato A Haug enters into a newly established Partner role related to the financial markets. Cato will continue his current portfolio engagements, but will gradually direct full time efforts to banking relationships and exit processes.

“On behalf of the Partner group I am pleased to announce the Partner promotions. I am sure that everyone joins me in wishing them the best of luck in their new positions” says Managing Partner, Gert W. Munthe.

Herkules consists of three funds, with a total capital base of NOK 12.25 billion in committed capital from Norwegian and international investors. Herkules has the financial strength to acquire majority ownership positions in established companies with growth potential. Companies owned by Herkules funds are: Pronova BioPharma, Noratel, European House of Beds, Beerenberg Corp., Micro Matic Norge, Tilbords, Hatteland Display, EFG European Furniture Group, Aibel, Nevion, Estrella Maarud, Gothia Financial Group, Projectiondesign, Bandak, New Store Europe, Elis, ODLO, Intelecom, Norsk Jernbanedrift and Hjelp24.

Gert W. Munthe, Managing Partner at Herkules Capital
Telephone: +47 22 04 80 00