Quick-growing wealth supervisor and Monetary Planner Söderberg & Companions’ has attracted an extra €265m (£225m) funding from minority house owners KKR and TA by means of a brand new share challenge.
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 will probably be used to assist Söderberg’s continued growth, with a specific concentrate on the UK and Spain.
Söderberg, considered one of Sweden’s greatest wealth managers, has invested in a rising variety of UK recommendation companies up to now two years, usually taking minority stakes.
In Could it invested in 4 UK IFA companies to carry the entire 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 change into one of many main gamers within the UK inside a number of years.
“Our focus space proper now could be to create considerably extra environment friendly administration in our firms by making use of the know-how used inside our group, which we all know works.”
Hans Arstad, managing director at KKR and accountable 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 creating its product portfolio and enhancing its confirmed capabilities. We stay up for persevering with our work with them over time to come back.”
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 crew have rolled out their distinctive mannequin not solely within the Nordics, but additionally throughout the Netherlands, Spain and the UK. We stay up for supporting its subsequent chapter of worldwide growth.”
