Söderberg & Partners Welcomes KKR as a Significant Shareholder
February 8, 2019Market leader in pensions advice, wealth management and non-life insurance receives investment from KKR to further develop its product portfolio and support international expansion
The transaction is subject to ordinary conditions precedent including regulatory approval, and is expected to be completed during the second quarter of 2019.
Söderberg & Partners is a leading non-bank provider of wealth management
and corporate pension and insurance services in the Nordic region and
KKR will continue to support and assist Söderberg & Partners on its strategy of rolling out its successful platform across the Nordic region and internationally, developing its product portfolio and services proposition, and enhancing its capabilities across investment management and research. The transaction builds on KKR’s successful track record in the Nordic region and globally of working with founder-entrepreneurs to support their growth objectives and further scale their businesses.
Per-Olof Söderberg, Chairman and co-founder, said: “I am extremely
pleased to welcome KKR as a significant shareholder to help us deliver
the next growth phase of Söderberg & Partners. We thank at the same time
Gustaf Rentzhog, CEO and co-founder, said: “I look forward to working together with KKR to continue delivering our successful platform to companies and individuals both in existing and new markets. This enhances not only the position of, and possibilities for, Söderberg & Partners, but I also believe it will significantly enhance the products and services we are able to deliver to our customers. KKR brings investment and intellectual capital, a global network of financial and industrial experts, and an unrivalled understanding of global markets and macro-economic trends to Söderberg & Partners.”
KKR’s investment was made through its European Private Equity funds.
About Söderberg & Partners
Söderberg & Partners was
founded in 2004 and is today a leading non-bank provider of wealth
management and corporate insurance services in the Nordic region and
About KKR
KKR is a leading global investment firm that
manages multiple alternative asset classes, including private equity,
energy, infrastructure, real estate and credit, with strategic partners
that manage hedge funds. KKR aims to generate attractive investment
returns for its fund investors by following a patient and disciplined
investment approach, employing world-class people, and driving growth
and value creation with KKR portfolio companies. KKR invests its own
capital alongside the capital it manages for fund investors and provides
financing solutions and investment opportunities through its capital
markets business. References to KKR’s investments may include the
activities of its sponsored funds. For additional information about
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20190207005856/en/
Media:
Söderberg & Partners
Chief
Communication & HR
louise.hagsten@soderbergpartners.se
+46
(0)76-149 50 17
KKR
Alastair Elwen
Finsbury
alastair.elwen@finsbury.com
+44
(0)20 7251 3801
Source: KKR
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