ABOUT

Middelborg is a privately held investment company with investments in public and private equities, real estate and financial derivatives.
Middelborg's scope range from start-ups and growth companies to mature listed companies and across a wide range of sectors.

Middelborg's investments include major stakes in several listed companies, real estate, an actively managed portfolio of listed stocks and a group of investments in privately held companies.

Middelborg is based on the telecom business established in 1999 by Kristian Lundkvist. The company was founded based on business-to-business distribution within the telecom sector and has since expanded in to a broad range of different sectors and investments.
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Middelborg is 100% owned by Kristian Lundkvist.

INVESTMENTS

Middelborg has as its philosophy to undertake investments where Middelborg can offer value added, be an active part in shaping strategy, and facilitate growth and value creation. Middelborg provides experience within business development and finance, network and access to capital beyond Middelborg's own balance sheet. Middelborg focuses on creating long-term values and employment.

NRC Group
​​Infrastructure

Andfjord Salmon
​Salmon farming

Camp Supply International
​Defence camp infrastructure

Middelborg Real Estate
​Real estate

Techstep
​Telecom,  IT & Software

River iGaming
​Tech/iGaming

Cubes Construction
​Modular building solutions

Middelborg Invest
​Capital management

Folksom
Real estate​

Abelee
​FX algo-trading

ØPD
​Marine infrastructure 

Bonum
​​Real estate

Arcane Crypto
​Blockchain/Cryptocurrency

Elop
​Concrete inspection solutions

TEAM

Kristian Lundkvist
​Founder & CEO

​M +47 97 77 71 77
Kristian is a serial entrepreneur and investor. He founded Middelborg in 1999 and has built it from a small telecom company to an investment company with a broad range of investments.
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Kristian holds numerous positions as chairman of the boards and board member in the larger portfolio companies. He has extensive experience from business development, M&A and restructuring.

Birgitte Askjem Ellingsen
​CFO

​M +47 48 00 07 20
​Birgitte joined Middelborg in 2001 as CFO. Previous experience include 8 years as auditor at KPMG. Birgitte has a broad experience from accounting, financing and corporate governance from various sectors.
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Birgitte holds a BSc in Auditing from the University of Agder.

Jonatan Raknes
​Investment Director
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​M +47 48 40 80 84
Jonatan joined Middelborg in 2014. Previous work experience include 5 years as Partner in Pangea Property Partners, Corporate Finance at SEB and Associate at PwC. Jonatan has extensive experience from M&As, capital raising and business development.
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Jonatan holds a MSc in Business and Economics from BI Norwegian Business School.

Lars Ørving Eriksen
​Investment Manager

​M ​+47 41 47 70 90
Lars joined Middelborg in 2017. Previous work experience include investment banking at RS Platou Markets Corporate Finance (Junior Partner) and Navis Finance (Partner). In total, 8 years of investment banking advisory experience with a particular focus on maritime sectors prior to Middelborg.
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Lars holds a MSc in Financial Economics from BI Norwegian Business School.

Sebastian Nordvang
​Investment Analyst

​M +47 97 60 53 15
Sebastian joined Middelborg in 2017. He started his career as Investment Banking Analyst at Alpha Corporate Finance for two years before joining Middelborg. During his studies, he held internships in the Varner Group and in a startup in Silicon Valley.

​Sebastian holds a MSc in Finance from Norwegian School of Economics (NHH) and UC Berkeley, and a BSc in Business and Economics from BI Norwegian Business School and Nanyang Business School.

Tore Traaseth
​Associated Advisor & 
Business Developer

​M ​+47 90  83  24  01
Tore has worked as an associated advisor and business developer in Middelborg portfolio companies over many years. He has previously worked in Sundal & Collier, Fondspartner, Globus Asset Management and Handelsbanken Markets.
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Tore holds an MBA  and BSc in Finance from Daniels College of Business in Denver, Colorado. 

CONTACT

    Contact us

Oslo office

Munkedamsveien 45F
​Vika Atrium 8th floor
0250 Oslo
​Norway

Tønsberg office

Storgaten 30-32
3126 Tønsberg
​Norway