AMWatch

Nordic fund group Carneo is readying for sale by owner Altor

Carneo Asset Managers is planning to dramatically scale up operations in the Nordics in preparation for a sale by its owner, Altor Equity Partners.

"It’s a fact that Altor has owned us for 10 years now," Carneo’s Chief Executive Officer Christoffer Folkebo said in an interview. "It’s in their business model to find a new owner." | Photo: PR/Carneo

"It’s a fact that Altor has owned us for 10 years now," Carneo’s Chief Executive Officer Christoffer Folkebo said in an interview. "It’s in their business model to find a new owner."

To attract an industry buyer, the Stockholm-based group is itself actively seeking acquisitions, having already met "about 70 of the best independent managers in the region," according to Folkebo.

Carneo oversees a total of SEK 290bn (USD 32.7bn) of assets through its investment firms C Worldwide, Carnegie Fonder, Nordic Cross, PM and Alternative Solutions.

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