Ancala expands Industry Partner roster with appointments of Heike Bergmann and Tore Land

The appointments reinforce Ancala’s commitment to embedding senior operational experience into sourcing, underwriting, governance and value creation. This approach enables Ancala to better assess investments, consider risks and identify and capitalise on value creation opportunities.

Heike Bergmann brings extensive expertise in renewable energy, infrastructure development and operational delivery. She is a member of the board on Ancala portfolio business HS Orka, Iceland’s largest private electricity producer, where she has played an active role in increasing the generation capacity of the company. In particular, Heike has contributed to the project which almost doubled generation capacity at the Svartsengi geothermal site, from 60MW to 115MW, and was delivered on time and within budget.

Heike has held senior positions at leading global energy businesses, including Voith and Areva. She also brings significant experience in sales, marketing and commercial strategy.

Tore Land brings more than three decades of senior international leadership experience across the energy and industrial sectors. He is already closely involved with Ancala’s portfolio, serving as Chair of Norway’s largest supply base, Fjord Base and as Chair of US-based Valentra, an owner of a portfolio of pipeline-connected chemical sites.

Tore played a key role in assessing and executing Ancala’s investments in Fjord Base and Valentra. At Fjord Base, he has since supported commercial improvement initiatives and the company’s expansion into renewable energy, while at Valentra he helped steer the complex carve-out of the business from Hexion Inc. Tore previously held senior executive roles at global industrial and energy businesses including General Electric, Celanese and BASF.

Spence Clunie, Managing Partner, Ancala, commented:

“Our Industry Partners are a key feature of our differentiated strategy to deliver enhanced risk-adjusted returns from critical mid-market infrastructure assets.

“Heike and Tore bring outstanding, complementary operational experience that will be applied across the entire investment cycle. Their appointments further strengthen our ability to assess opportunities, execute complex transactions and work alongside management teams to create long-term value.”

Heike Bergmann, Industry Partner, Ancala, added:

 “This is a fantastic opportunity to work with a team that places real emphasis on active ownership and partnership. Ancala’s approach allows Industry Partners to contribute across the entire investment lifecycle. I look forward to supporting successful investments in mid-market infrastructure assets.”

Tore Land, Industry Partner, Ancala, commented:

“Ancala has built a distinctive approach which combines proprietary sourcing, an unwavering commitment to downside protection and highly proactive asset management. I’m excited to be joining the team in a more formal capacity and to work closely with critical infrastructure businesses to unlock their full potential.”

Ancala’s highly active asset management approach has enabled its portfolio companies to increase revenues by an average of 70% since the firm first invested¹. This is supported by significant follow-on investment, with over 45% of initial equity commitments deployed as additional capital to fund organic growth initiatives and bolt-on acquisitions.¹

References

1. Ancala data as of 31 December 2024.