Altor Equity Partners CEO and partner at Altor’s investment adviser and board member of Carnegie Holding and Carnegie Asset Management Harald Mix said the original investments into Carnegie and Max Matthiessen have developed favorably despite adverse market conditions.
"Carnegie Private Banking, Carnegie Fonder, Carnegie Asset Management and Max Matthiessen have all strengthened their relative market position in recent years. Carnegie’s Investment Banking and Securities activities are currently taking significant actions to restore profitability to historic levels," Mix said.
"We continue to have strong belief in the long term return prospects in each business as evidenced by our increased commitment. We look forward to continue working with each management team to realize the full potential of each franchise."
The deal is anticipated to complete by the end of June 2012, which is also subject to customary closing conditions, including regulatory approvals.
The Altor Funds are private equity funds, which manages committed capital of EUR 2,000m and invests in Nordic businesses.
