The consideration corresponds to the consolidated enterprise value of CFF and the effect on profit or loss is estimated at
The strategic partnership with Athanase will create opportunities to further develop and enhance the client offering. The objective is to assure good management of existing products while significantly raise the ambition level for new product launches. Adding more alternative strategies will complement the product portfolio for existing clients while strengthening conditions for widening the client base towards larger institutional clients.
"I am pleased that we have found a strategic partner that can assure CFF's future development while our remaining ownership enables continued distribution of new products. Catella's competence in the property segment and Athanase's experience with further developing businesses set the stage for generating additional value for clients by means of new and innovative products in several different areas. As one example, we intend to offer real estate products to both private and institutional investors," says
"With focus on the client, we will create new products while making it easier to do business with us. We already have a list of new products that we intend to start launching in the second half of this year. In partnership with Catella, we will deploy Athanase's industrial expertise to systematically simplify, reinforce and improve the company's processes. The sole purpose is to elevate the client experience and create the conditions for long-term and successful management. Catella and Athanase have the wide-ranging experience necessary to run commercial activities targeting various types of clients. With our combined skills and expertise, we will guarantee continuity and reliability," says
CFF is a wholly owned subsidiary of Catella and is engaged in active and alternative asset management for private and institutional investors. CFF has engaged in fund management since 1998 and currently has a strong platform within equities, credits and hedge funds with wide distribution via 20 contracted partners, primarily in the Swedish retail market. CFF is regulated by the
CFF has 13 active funds and 26 employees and is part of the business area Equity, Hedge and Fixed Income Funds. Assets under management amounted to
Closing of the transaction is subject to customary regulatory approval by Finansinspektionen in
About Athanase Industrial Partner
Athanase Industrial Partner is an investment company whose investment strategy is based on long-term and sustainable value creation in its portfolio companies. Athanase manages capital from larger Swedish institutions, such as the Swedish National Pension Funds, other pension funds, insurance companies and universities. Focus on operational improvements, optimal capital allocation and efficient company structure is a pillar of the investment strategy. The unique aspects of the Athanase business model are that everyone on the team has personal operational experience, profound expertise in running companies and all have been working together as investors since 2006 in AB Custos,
This is information that
For further information, please contact:
Acting CEO, Catella Athanase Industrial Partner
+46 70-547 16 36 +46 73-994 79 79
Jonas Burvall
Head of Group Communications, Catella
+46 766-27 97 55
Jonas.burvall@catella.se
Catella is a leading specialist in property investments and fund management, with operations in 15 countries. The group has assets under management of approximately
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