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 situation.
Following the problem, Söderberg will proceed to be managed by its founders and chairman of the board and supported by KKR and TA.
The brand new capital will probably be used to assist Söderberg’s continued growth, with a specific deal with the UK and Spain.
Söderberg, certainly one of Sweden’s largest wealth managers, has invested in a rising variety of UK recommendation companies up to now two years, sometimes taking minority stakes.
In Could it invested in 4 UK IFA companies to deliver the whole of UK companies invested in by the agency to 11.
Additionally in Could it took a big minority stake in IFA consolidator Cardan.
Gustaf Rentzhog, chief government and co-founder of Söderberg & Companions mentioned: “We see that our enterprise within the UK is working, and we now need to scale it up even quicker.
“We see many alternatives and have excessive ambitions to grow to be 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 corporations by making use of the expertise used inside our group, which we all know works.”
Hans Arstad, managing director at KKR and liable for the corporate’s European personal fairness operations within the Nordic area, mentioned: “Söderberg & Companions has continued to efficiently develop its platform throughout Europe, additional growing its product portfolio and enhancing its confirmed capabilities. We stay up for persevering with our work with them through the years to return.”
Chris Parkin, managing director and co-head of enterprise Sservices at TA, mentioned: “TA initially invested in Söderberg & Companions ten years in the past when it was a Swedish-only enterprise. Since then, Gustaf and workforce 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.”
