Paine & Partners, a private equity firm that invests in the food and agribusiness sectors, has hired John Binde as an Operating Director. Mr. Binde is the former Chief Executive Officer of Norway Royal Salmon ASA.
Mr. Binde served from 2004 to 2014 as Chief Executive Officer of Norway Royal Salmon ASA, a publicly traded Norwegian aquaculture company that produces, harvests and markets salmon and trout products. Prior to working at Norway Royal Salmon, Mr. Binde served as Chief Executive Officer and in other senior executive level roles at companies in Norway and other countries including Erling Haug AS, Lade Metall AS, Setsaas AS and Golar-Nor Offshore AS. Mr. Binde holds a Master of Science in Mechanical Engineering from the Norwegian University of Science and Technology.
“John brings tremendous operational and leadership experience in the aquaculture industry, and we are excited to welcome him as an Operating Director,” said W. Dexter Paine, III, Chairman and CEO and a founding Partner of Paine & Partners. “Having served as the CEO and other executive levels at companies in Norway and across several international territories, John is a terrific fit for Paine & Partners’ global investment platform. Paine & Partners continues to build its deep bench of operating professionals, and we look forward to working with John as we move into our next chapter of investment.”
Mr. Binde will be actively engaged in identifying new investment opportunities for Paine & Partners. “I am delighted to have the opportunity to work alongside the professionals at Paine & Partners, whose leading role in investing in aquaculture and in salmon production is respected throughout the industry,” said Mr. Binde. “I look forward to applying my aquaculture and global experiences to help identify value creating opportunities during the investment process.”
Paine & Partners provides equity capital for management buyouts, going private transactions, and company expansion and growth programs, for companies operating in the food and agribusiness industries. The firm currently makes investments through Paine & Partners Capital Fund IV, LP. The firm was founded in 2006 and has offices in New York, Chicago and San Mateo, CA (www.painepartners.com).
2014 PEPD • Private Equity’s Leading News Magazine • 11-6-14