First Seafood Founder Leads Management Buyout from Insula

Norwegian seafood company First Seafood is under new ownership after founder Andreas Sundnes, the company's executive management team, and a group of industrial investors acquired Insula AS's 90.1% stake in the business, First Seafood announced on LinkedIn.
A concurrent capital increase of NOK 70 million ($7.3 million) was completed to strengthen the company's financial base and support future growth, according to iLaks.
Insula had been the majority shareholder since 2016, during which time First Seafood grew from an early-stage business into an international...
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