Catella completes acquisition of IPM
Catella, the Sweden headquartered financial group, has taken its equity stake in Informed Portfolio Management to 51%, thereby making it a subsidiary.
Catella previously owned a 25% share in the IPM business, but first put forward its proposal to acquire a controling stake to the local regulator Finansinspektionen earlier this year.
Both businesses announced the deal on 27 January, in a deal valued at SEK25.7m plus potential milestone payments.
According to the company’s website, IPM is a systematic macro and equity manager offering diversified portfolio solutions to institutional investors globally.
It has some $7bn in assets under management on behalf of large institutional investors such as sovereign wealth funds, pension funds, insurance companies and foundations.