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Announced

Completed

Athanase completed the acquisition of a 70% stake in Catella Fondförvaltning from Catella for SEK140m.

Financials

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Transaction Value£11m
Consideration TypeCash
Capital Owned-
Capital Bid For70%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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fund management

Cross Border

Single Bidder

Completed

Majority

Sweden

Asset Managers and Custodians

Private

Private Equity

Acquisition

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Synopsis

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Athanase, an investment firm based in Grand Cayman, Cayman Islands, completed the acquisition of a 70% stake in Catella Fondförvaltning from Catella, a Sweden-based company active in the financial sector, for SEK140m. "I am pleased that we have found a strategic partner that can assure CFF’s future development while our remaining ownership enables continued distribution of new products. Catella’s competence in the property segment and Athanase’s experience with further developing businesses set the stage for generating additional value for clients by means of new and innovative products in several different areas. As one example, we intend to offer real estate products to both private and institutional investors," Johan Claesson, Catella CEO.

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