Söderberg & Partners raises EUR 265 million

1 heinäk. 2024
Söderberg & Partners' current minority owners KKR and TA Associates are investing an additional EUR 265 million through a new share issue.

Söderberg & Partners has agreed to close a new share issue, raising approximately EUR 265 million (SEK 3 billion). The new growth investment is covered through funds and assets managed by the global investment firm KKR and private equity firm TA Associates (“TA”). Following the new share issue, Söderberg & Partners will continue to be controlled by its founders and chairman of the board and supported by KKR and TA.

The new capital will be used to support Söderberg & Partners' continued expansion where Söderberg & Partners is currently active, with a particular focus on the United Kingdom and Spain.

Gustaf Rentzhog, CEO and co-founder of Söderberg & Partners says:

- “We see that our venture in the UK is working, and we now want to scale it up even faster. We see many opportunities and have high ambitions to become one of the leading players in the UK within a few years. Our focus area right now is to create significantly more efficient administration in our companies by applying the technology used within our organization, which we know works," says Gustaf Rentzhog, CEO and founder of Söderberg & Partners.

He then continues:

- "The Spanish market is in need of long-term investments, and we see that our concept and model are working and are well-received. We have now built a local team to take advantage of expansion opportunities more quickly.”

 

Hans Arstad, Managing Director at KKR and responsible for the company's European private equity operations in the Nordic region, comments on the investment:

- “Söderberg & Partners has continued to successfully expand its platform across Europe, further developing its product portfolio and enhancing its proven capabilities. We are proud of the strong partnership we have established with Gustaf and the exceptional team at Söderberg & Partners, and we look forward to continuing our work with them over the years to come.”

 

Chris Parkin, Managing Director and co-head of Business Services at TA, stated:

- “TA initially invested in Söderberg & Partners ten years ago when it was a Swedish-only business. Since then, Gustaf and team have rolled out their unique model not only in the Nordics, but also across the Netherlands, Spain and the UK. We’re delighted to make an additional investment into this exciting platform and look forward to supporting its next chapter of international expansion.”

 

For more information, please contact:

Söderberg & Partners

Johanna Lindberg, PR Manager

+46 73 334 34 41

johanna.lindberg@soderbergpartners.se

 

KKR: Nordics 

Fogel & Partners

Ludvig Gauffin

+46 70 222 60 30

kkr@fogelpartners.se

 

KKR: International 

FGS Global

Alastair Elwen

+44 (0) 20 7251 3801

KKR-Lon@FGSGlobal.com

 

TA

Casey Piccione, Communications Associate

cpiccione@ta.com

T: 617-646-7740

 

About Söderberg & Partners

Söderberg & Partners was founded in Sweden in 2004 and is today one of the Nordic region's leading financial advisers and brokers of insurance and financial products and services. The company has over 4,800 employees and operates in Sweden, Norway, Denmark, Finland, the Netherlands, Luxembourg, Spain, and United Kingdom. Söderberg & Partners operations have EUR 79 billion in asset under advice and EUR 5,2 billion in gross premiums. 

 

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

 

About TA

TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries—technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com.