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Announced

Completed

Storebrand completed the acquisition of Skagen for €170m.

Financials

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Transaction Value£151m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Asset Managers and Custodians

Single Bidder

asset management company

Majority

Friendly

Completed

Acquisition

Norway

Public

Synopsis

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Storebrand, Norway's largest private asset manager, completed the acquisition of Skagen, a Scandinavian mutual fund company, for €170m. "I am very excited about this transaction, which represents a new chapter in Skagen's history. I am looking forward to working with Storebrand to create good returns and increased value for our customers,' Øyvind Schanke, Skagen CEO.

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