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Sweden’s East Capital snaps up Monyx Asset Management

Emerging markets specialist manager East Capital is buying Swedish fund manager Monyx from Copenhagen-listed NewCap.

Albin Rosengren partner at East Capital Holding | Photo: East Capital

East Capital in Sweden is entering into a deal to acquire the Swedish asset management firm Monyx from NewCap, a Danish firm focusing on Swedish investments -- which is also selling off its specialist advisory and insurance intermediary activities to Sweden's PO Söderberg & Partners as part of the same transaction.

According to Copenhagen-listed NewCap, the total sales price of the companies is approximately SEK 611.5 million (EUR 59.35 million).

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