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Catella increases stake in IPM

Catella is increasing its stake in Informed Portfolio Management (IPM) from approximately five per cent to 25 per cent through a SEK33m new issue private placement.

The new issue is conditional on an approved ownership assessment.

As part of the development of Catella’s asset management, in November 2011 Catella acquired a shareholding of just over five per cent in IPM. Catella thereby became the sole institutional shareholder in IPM. Catella is now increasing its stake to 25 per cent through a new issue of shares amounting to SEK33m.

“Through an increased stake in IPM, Catella is increasing its expertise base within asset management with the aim of improving our product offering and strengthening our customer relations,” says Johan Ericsson, chief executive of Catella. “At the same time as we are advancing Catella's position within asset management, we are also increasing IPM’s resources for continued expansion. IPM is an extremely interesting company with great potential.”

IPM is a provider of systematic investment services within discretionary management and fund management. The company is a specialist within systematic global macro-management and systematic equity portfolio management, among other things, within fundamental indexation. IPM manages assets valued at approximately USD7bn on behalf of major institutional investors, pension funds, insurance companies, and foundations. The company has 43 employees and its head office is located in Stockholm.

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