Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

21834

Nansen Capital Partners acquires Swedbank Asset Management in Norway

RELATED TOPICS​

Nansen Capital Partners (NCP) has acquired Swedbank Asset Management in Norway – its first acquisition of a Nordic active asset management company – which will be renamed FIRST Fondene NCP.

NCP was established by two of the SKAGEN founders, with the ambition to acquire a series of Nordic asset management companies and develop them through active ownership.
 
Nansen Capital Partners will invite employees to become shareholders of FIRST Fondene. The employees in FIRST Fondene have invested privately in the funds being managed.
 
FIRST Fondene will be run by CEO Erik Haugland. Morten Berg will have the overall responsibility for customer relations.
 
“The acquisition of Swedbank Asset Management is an important milestone in achieving our ambition of building a unique Nordic system within asset management. We share the same values and ambitions as the employees of FIRST, and will continue the development of the asset management environment with a focus on independence, long-term investments and performance for our customers,” says Frances Eaton (pictured), CEO of Nansen Capital Partners.
 
Since its establishment in the autumn 2015, NCP has received a number of inquiries concerning acquisitions and conducted in-depth analysis on Nordic asset management companies.
 
“Through the new ownership we will continue to develop the active asset management philosophy that characterises our funds. We will continue to develop our tightly knit team and remain an ambitious, long-term and trusted advisor for our customers as part of the NCP-umbrella,” says Haugland.
 
FIRST Fondene has approximately NOK4.6 billion under management, and has a close cooperation with Swedbank, which will be continued under the new owner.

Latest News

Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according..
Octopus Investments (Octopus) has announced it has launched a Natural Capital Strategy...
Research firm focused on Alternative UCITS funds, Kepler Absolute Hedge, has published its Market Intelligence..

Related Articles

Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by