Quick-growing wealth supervisor and Monetary Planner Söderberg & Companions’ has attracted an extra €265m (£225m) funding from minority homeowners KKR and TA by way of a brand new share subject.
Following the difficulty, Söderberg will proceed to be managed by its founders and chairman of the board and supported by KKR and TA.
The brand new capital can be used to assist Söderberg’s continued growth, with a selected give attention to the UK and Spain.
Söderberg, one in all Sweden’s largest wealth managers, has invested in a rising variety of UK recommendation companies previously two years, usually taking minority stakes.
In Might it invested in 4 UK IFA corporations to convey the entire of UK corporations invested in by the agency to 11.
Additionally in Might it took a major minority stake in IFA consolidator Cardan.
Gustaf Rentzhog, chief govt and co-founder of Söderberg & Companions stated: “We see that our enterprise within the UK is working, and we now wish to scale it up even sooner.
“We see many alternatives and have excessive ambitions to turn into one of many main gamers within the UK inside a couple of years.
“Our focus space proper now’s to create considerably extra environment friendly administration in our firms by making use of the expertise used inside our group, which we all know works.”
Hans Arstad, managing director at KKR and chargeable for the corporate’s European personal fairness operations within the Nordic area, stated: “Söderberg & Companions has continued to efficiently increase its platform throughout Europe, additional growing its product portfolio and enhancing its confirmed capabilities. We stay up for persevering with our work with them over time to return.”
Chris Parkin, managing director and co-head of enterprise Sservices at TA, stated: “TA initially invested in Söderberg & Companions ten years in the past when it was a Swedish-only enterprise. Since then, Gustaf and staff have rolled out their distinctive mannequin not solely within the Nordics, but in addition throughout the Netherlands, Spain and the UK. We stay up for supporting its subsequent chapter of worldwide growth.”
