Carneo’s Acquisition of Holberg Fondsforvaltning

Arntzen de Besche acted for Carneo AB in connection with the transaction.

Carneo AB has signed an agreement to acquire Holberg from its current owners. The employees in the company will reinvest and be a significant shareholder alongside Carneo.H

Holberg is the largest independent asset manager in Norway and is located in Bergen. The company has 25 employees and approximately 25 NOKbn in assets under management. Following the transaction, Holberg will become part of Carneo, which manages a total of SEK 300 billion, and which owns Carnegie and C Worldwide. Carneo was established by the Nordic private equity company Altor in 2016.

Carneo’s current Norwegian presence through C WorldWide (former Carnegie Asset Management) will now be significantly reinforced.

Carneo consists out of a number of asset management companies and brands, including C WorldWide, Carnegie Fonder, OPM, Nordic Cross and Alternative Solutions, focusing on active as well as alternative investments. The asset management group was formed in 2016 by the owner Altor, a Nordic Private Equity firm, with the objective to drive industry consolidation in the Nordics. The group currently holds approximately 300 SEKbn in assets under management.

The Arntzen de Besche team was led by Per A. Dagslet (Picture) and also included Malin Åkvik Granli, Karl Rosén, Elisabeth Eriksson, Espen I. Bakken and Magnus Høegh Krogn Viddal.

Involved fees earner: Malin Åkvik Granli – Arntzen de Besche Advokatfirma AS; Espen Bakken – Arntzen de Besche Advokatfirma AS; Per Dagslet – Arntzen de Besche Advokatfirma AS; Elisabeth Eriksson – Arntzen de Besche Advokatfirma AS; Magnus Høegh Krohn Viddal – Arntzen de Besche Advokatfirma AS; Karl Rosén – Arntzen de Besche Advokatfirma AS;

Law Firms: Arntzen de Besche Advokatfirma AS;

Clients: Carneo Asset Managers;