Paine & Partners Buys Scanbio Marine Group

Private equity firm Paine & Partners said that it will buy Scanbio Marine Group, producer of fish protein concentrate, fish meal and fish oil, from its parent company Scanbio AS. Scanbio AS is owned by Rolf Eide, Per Arne Eide, Nordic secondary direct fund Verdane Capital IV and other shareholders. Terms of the deal were not released. Scanbio is based in Trondheim, Norway.

Paine & Partners Adds Browne

New York private equity firm Paine & Partners will add David Browne to work in its headquarters as a principal. Browne will work on new investment opportunities and alongside existing management teams’ portfolio assets.

WireCo WorldGroup Adds On

WireCo WorldGroup, a wire rope maker owned by Paine & Partners, has acquired Phillystran Inc., a Montgomeryville, Penn.-based high tenacity fiber ropes, strands, braids and strength members. No financial terms were disclosed.

Lance Stier Joining Candy Company

Lance Stier will become VP of business development with Nassau Candy Distributors Inc., effective next Monday. He had been an associate with private equity firm Paine & Partners. www.nassaucandy.com

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