Carnegie Affiliated Managers (Caram) is to acquire (via its subsidiary Caram Alternative Investments AB) approximately 35 per cent of the equity in Albatris AB (Albatris), with Albatris’ management retaining 65 per cent.
Albatris’ ambition is to be a leading investment company in the Non-Performing Loan (NPL) segment of European alternative credit investments.
Caram’s investment is consistent with its strategy to invest in focused independent firms with strong investment led cultures. The Caram group was founded in 2016 by its majority owner Altor Fund III and is the largest independent asset management group in the Nordics with over EUR23 billion in assets under management.
“We see great potential in Albatris as an investor in European Non Performing Loans,” says Arne Lindman (pictured), Chairman Caram. “The supply of this asset class is growing strongly as a result of banking regulation that necessitates the sale of up to EUR1 trillion in NPL assets. Caram see a clear trend where many institutional investors are looking for alternative investments with high potential returns and balanced risk”.
“This collaboration with Caram is a key step to accelerate our business,” says Arash Talebinejad, Managing Partner Albatris. “We see a strong and complimentary partner in Caram Alternative Investments, where we jointly have the best prerequisites for building a leading investment company specialising in Non-Performing Loans.”
