Erik Borgen

Director/Board Member at LUMARINE

48 year

Finance

Transportation

Technology Services

Profile

Erik Borgen currently works at Previwo AS, as Chairman, Lumarine AS, as Deputy Chairman, Kistefos AS (Private Equity), as Investment Director from 2016, Kistefos Equity Operations AS, as Director, and Marco Polo Business Network Ltd., as Director.
Mr. Borgen also formerly worked at Kistefos AS, as Investment Director, Bulk Invest ASA, as Director, Viking Supply Ships AB, as Director, Western Bulk Chartering AS, as Director, Aspit AS, as Director, HitecVision Private Equity AS, as Partner from 2013 to 2015, Arctic Securities AS, as Partner, and Arctic Securities AS (Sweden), as Partner.
Mr. Borgen received his graduate degree from Norwegian School of Economics & Business Administration.

Erik Borgen active positions

Companies	Position	Start
LUMARINE	Director/Board Member	2022-06-29
Kistefos AS (Private Equity) Kistefos AS (Private Equity) Investment ManagersFinance Kistefos AS (Private Equity)'s investment strategy focuses on early-stage firms in the technology sector in addition to ICT, renewable energy and financial services sectors. They look for convergence and synergies among all their investment sectors. They invest primarily in the Nordic region with certain investments made beyond this area. They are often the lead investor; they do not require majority control. Although they can invest at different stages of development, they target firms that have started to generate revenue. Kistefos AS (Private Equity) is a long-term and active investment partner. In addition to providing venture capital, they take Board positions and work closely with the management teams developing strategic plans of targeted action. Their objective is to increase value and ensure long-term profitable growth of their portfolio firms. They may also contribute to later-stage development of their portfolio firms' which have proven business models. They generally exit from their investments in three to seven years through a public offering or sale to a trade buyer.	Private Equity Investor	2016-01-31
Kistefos Equity Operations AS Kistefos Equity Operations AS Financial ConglomeratesFinance Operates as an investment company	Director/Board Member	-
Previwo AS Previwo AS BiotechnologyHealth Technology Manufactures and sells probiotics and vaccines for farmed fish	Chairman	-
Marco Polo Business Network Ltd. Marco Polo Business Network Ltd. Packaged SoftwareTechnology Services Provides payment software solutions for block chain & supply chain solutions	Director/Board Member	-

All active positions of Erik Borgen

Former positions of Erik Borgen

Companies	Position	End
HitecVision Private Equity AS HitecVision Private Equity AS Investment ManagersFinance HitecVision Private invests in middle market companied located in Europe. The firm targets companies operating in the field of energy sector. It provides financing for growth stage capital requirements with an investment size of EUR 150 - 500 million.	Private Equity Investor	2015-10-30
Arctic Securities AS Arctic Securities AS Investment Banks/BrokersFinance Provides brokerage services	Corporate Officer/Principal	-
Kistefos AS Kistefos AS Financial ConglomeratesFinance Provides investment services	Chief Investment Officer	-
Aspit AS Aspit AS Packaged SoftwareTechnology Services Provides cloud based healthcare technology solutions	Director/Board Member	-
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Training of Erik Borgen

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Linked companies

Private companies	14
Kistefos AS Kistefos AS Financial ConglomeratesFinance Provides investment services	Finance
Bulk Invest ASA Bulk Invest ASA Marine ShippingTransportation Provides shipping services	Transportation
Kistefos AS (Private Equity) Kistefos AS (Private Equity) Investment ManagersFinance Kistefos AS (Private Equity)'s investment strategy focuses on early-stage firms in the technology sector in addition to ICT, renewable energy and financial services sectors. They look for convergence and synergies among all their investment sectors. They invest primarily in the Nordic region with certain investments made beyond this area. They are often the lead investor; they do not require majority control. Although they can invest at different stages of development, they target firms that have started to generate revenue. Kistefos AS (Private Equity) is a long-term and active investment partner. In addition to providing venture capital, they take Board positions and work closely with the management teams developing strategic plans of targeted action. Their objective is to increase value and ensure long-term profitable growth of their portfolio firms. They may also contribute to later-stage development of their portfolio firms' which have proven business models. They generally exit from their investments in three to seven years through a public offering or sale to a trade buyer.	Finance
Viking Supply Ships AB Viking Supply Ships AB Marine ShippingTransportation Provides ship management and marine transportation services to the offshore oil and gas industry	Transportation
HitecVision Private Equity AS HitecVision Private Equity AS Investment ManagersFinance HitecVision Private invests in middle market companied located in Europe. The firm targets companies operating in the field of energy sector. It provides financing for growth stage capital requirements with an investment size of EUR 150 - 500 million.	Finance
Norwegian School of Economics & Business Administration Norwegian School of Economics & Business Administration Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Arctic Securities AS Arctic Securities AS Investment Banks/BrokersFinance Provides brokerage services	Finance
Western Bulk Chartering AS Western Bulk Chartering AS Marine ShippingTransportation Operates dry bulk vessels and transports cargo	Transportation
Kistefos Equity Operations AS Kistefos Equity Operations AS Financial ConglomeratesFinance Operates as an investment company	Finance
Arctic Securities AS (Sweden) Arctic Securities AS (Sweden) Investment Banks/BrokersFinance Provides brokerage services	Finance
Marco Polo Business Network Ltd. Marco Polo Business Network Ltd. Packaged SoftwareTechnology Services Provides payment software solutions for block chain & supply chain solutions	Technology Services
Previwo AS Previwo AS BiotechnologyHealth Technology Manufactures and sells probiotics and vaccines for farmed fish	Health Technology
Lumarine AS Lumarine AS Agricultural Commodities/MillingProcess Industries Engages in farming and selling seafood products	Process Industries
Aspit AS Aspit AS Packaged SoftwareTechnology Services Provides cloud based healthcare technology solutions	Technology Services