Catella, which will be represented on IPM’s board of directors, intends to increase its ownership stake eventually.
Sweden-based IPM is a systematic investment manager specialized in Global Tactical Asset Allocation and Alternative Beta strategies.
The company, which has 50 employees, has approximately $8bn in assets under management on behalf of institutional investors such as sovereigns, pension funds, insurance companies and foundations.
Catella said IPM’s investment services and international customer base complements its current operations in asset management.
The stake in IPM creates opportunities for Catella to strengthen its position as a finance group and the initial effect of the acquisition on Catella’s earnings and balance sheet will be marginal.
Catella CEO Johan Ericsson said that they have been following IPM for some time and are impressed by its strategy. They perceive clear potential for continued expansion of the business and, therefore, are pleased that Catella has been offered the possibility to become an owner.
